The program is intended to create an opportunity for Vietnamese and Indian businesses to meet and cooperate in areas such as food processing, consumer goods, cosmetics, handicrafts, home furniture, and agricultural products.

Electronics and parts are among Vietnam’s major exports to India.

On this occasion, a memorandum of understanding between the Indian Importers of Chambers of Commerce and Industry (IICCI) and the Association of Foreign Investment Enterprises (VAFIE) was signed.

Through the event, the Vietnamese Embassy in India and the ministry hope to provide more business and investment opportunities to enterprises from both sides.

According to data from the Indian Ministry of Commerce and Industry, trade turnover between the two nations reached USD 14.13 billion in the fiscal year 2021-2022 (April 2021-March 2022), creating a solid premise for achieving the USD 15 billion target set by leaders of the two countries.

Source: VNA