The bilateral trade between Viet Nam and India has been flourishing over the past time, making India the 10th biggest trade partner of the Southeast Asian country.
In 2012, export value to India reached US$1.782 billion, an increase of 4.24 times and imports worth over US$2 billion, up 1.32 times.
It is expected that the two-way trade turnover will exceed US$5 billion this year after surging 40.3% to nearly US$ 2.6 billion in the first half of 2013.
At the 15th meeting of the Joint Commission in New Delhi on July 11, both countries agreed to set up a sub-committee for trade in a bid to beef up trade ties. The two sides set the target to lift trade value to US$7 billion by 2015.
To promote the bilateral economic-trade potential, both sides need to facilitate the travel of businessmen, issue the long-term visa for businessmen, and quickly open a direct air route, according to Commercial Counsellor of Vietnamese Embassy in India Nguyen Son Ha./.