(VOV) - Vietnam and India saw a 33% trade growth rate in 2013 and they will strive to raise bilateral trade to US$15 billion by 2020.

The figures were unveiled by Harish Taparia, Chairman of the Indian Business Chamber in Vietnam (Incham) at a Vietnam-India Trade Exchange in Hanoi on January 22.

He noted the two countries’ business communities have increased investment and trade exchanges, focusing on tea, pharmaceuticals, information technology, energy, and mining.

To achieve the 2020 target, relevant agencies of India and Vietnam are encouraging their companies to meet and establish partnerships.

At the event, Indian Ambassador to Vietnam Preeti Saran emphasized both India and Vietnam have treasured a time-honoured relationship which was founded and fostered by late Prime Minister Jawaharlan Nehru of India and late President Ho Chi Minh of Vietnam.

She recalled the establishment of the strategic partnership between the two countries in 2007, and the successful organisation of activities in 2012 marking 40 years of bilateral diplomatic ties.

She expressed hope the India-Vietnam partnership will be further developed into the future in all areas including politics, economics, social affairs, culture, education, security and national defence. 

 Source: http://english.vov.vn/

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