Look east and Act east – Imports From Vietnam | Atul Kumar Saxena

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The 1970s witnessed steady progress in India-Vietnam relations. In 1972, the two nations established official diplomatic relations. India gave the “Most Favoured Nation” title to Vietnam in 1975, and the two signed a bilateral trade agreement three years later, in 1978. Since the liberalization of both countries’ economy, the trade relations have only spurred up. India is among Vietnam’s top ten exporters. Vietnam, that has been an important market for Indian goods, has also notched up its export levels. Goods channeled from Vietnam to India have noticed a steady increase in the past decades, reaching $3.32 billion in 2017-18. The intentions to build better trade relations is clear from the fact that India’s “Make in India” offers plenty of incentives for Vietnamese manufacturers. Early in 2019, the two nations’ pact to expand bilateral trade further, got government approval. Major exports from India to Vietnam are- iron and steel, animal fodder, cereal, etc. Major exports from Vietnam to India are- telephone sets, machinery items, natural rubber, Solar, Pharma, etc. can hardly be put in different buckets Made in Vietnam. Investment opportunities opened up as PM Narendra Modi visited Vietnam recently and signed MOU with Vietnam… We have today with us Mr . Atul Kumar Saxena, President Atul Kumar Saxena at VIETNAM embassy were at #ThePolicyTimes are discussing Investment opportunities in with Ambassador H.E MR. Pham Sanh Chau of Vietnam in New Delhi .…
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