07-07-2025
- Business
- Business Standard
India-Vietnam trade likely to grow to $20 billion, says Ambassador Hai
Ambassador Nguyen Thanh Hai says India-Vietnam trade has strong growth potential, urges deeper cooperation and highlights VinFast's $2 bn investment in Tamil Nadu
Ishita Ayan Dutt Kolkata
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India–Vietnam trade should reach $20 billion, Nguyen Thanh Hai, Ambassador of Vietnam to India, said on Monday in Kolkata.
'Trade is an important pillar in our partnership, with bilateral trade reaching $15 billion. But if you look at the total volume of trade of each of the countries, it is a small proportion,' the Ambassador said at a session organised by the Bharat Chamber of Commerce.
'There is a lot of potential. We need to find a way to promote further trade with each other,' he added.
The environment was 'very conducive' to promote trade further, he said.
On Sunday,