VN-India set to boost trade tiesWednesday, May 16,2018
AsemconnectVietnam - The Assam Investment Roadshow, which took place in Ha Noi on Monday, gave businesses from India in general and from the Assam region in particular investment opportunities with Vietnamese partners, especially in the agricultural field.
At the seminar, Sonowal invited Vietnamese businesses to invest in fields with preferential treatment in India and the Assam market, such as high-tech agriculture, industry, tourism, energy, and trade.
“I am glad to showcase the potential and possibilities of the State at the Assam Investment Roadshow in Hanoi, and lead a delegation of legislators, officials and farmers to Vietnam, a country from which Assam can learn from immeasurably, especially in the agriculture sector,” said Sonowal.
He also asked for Viet Nam’s help to accomplish the Government’s aim of doubling crop income by 2020, and requested Viet Nam open a consulate office in the Assam capital of Dispur.
Monday’s Roadshow was jointly organised by the VCCI in collaboration with Embassy of India and the Government of Assam, India.
Bilateral collaborations on technology and the exchange of knowledge for the benefit of farmers from both countries were discussed.
Imports from India to Viet Nam in the first quarter totalled $1.04 billion, a slight increase of 2.4 per cent from the previous year. The trade surplus for Viet Nam in March was around $267.75 million, and the first quarter reached $532.60 million, a record level so far.
Viet Nam’s products with strong export growth include machinery, equipment, tools and spare parts, as well as steel products, coal, rattan, bamboo, rush and carpet products , and mobile phones and phone accessories.
In the opposite direction, imported Indian commodities with high growth rates include ores and other minerals, plastic materials, car parts and paper.
Imports of iron and steel fell to US$ 3.03 billion
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