Việt Nam and India are seeking to strengthen cooperation in the furniture and wood industry, as both countries look to leverage their respective advantages to boost bilateral trade.
The business meeting provided a valuable opportunity for direct engagement, allowing participants to gain deeper insights into the Vietnamese and Indian markets and laying the groundwork for sustainable trade expansion.
Việt Nam and India have witnessed thriving trade and economic cooperation over the recent past, with many highlights observed in 2024, according to Vietnamese Trade Counsellor in the South Asian country Bùi Trung Thướng.
Viet Nam and India can co-operate in areas of strength such as agriculture, textiles, footwear, renewable energy, and pharmaceuticals, according to the Ministry of Industry and Trade.
Officials from Viet Nam and India discussed specific measures to remove obstacles to trade and investment co-operation between their businesses during the fourth meeting of the Joint Sub-committee on Trade in Ha Noi on Wednesday.
A promotional event was held in New Delhi, India on September 25 to advertise dragon fruit from the south central province of Binh Thuan in an effort to expand ties between agricultural exporters from Viet Nam and India.
Viet Nam wants to boost investment with India in the fields of information-technology, biotechnology, renewable energy, building machinery, chemicals, pharmaceuticals, electricity, oil and gas, and agro-fishery processing.
Trade in paper between Viet Nam and India is quite low and there is significant potential for growth, a meeting between Indian and Vietnamese paper companies heard in HCM City on February 9.