The India Vietnam Business Forum was organised virtually today.

Speaking on the occasion, Secretary (East), External Affairs Ministry, Riva Ganguly Das reaffirmed the growing bilateral trade and investment ties between India and Vietnam.

She said, trade between India and Vietnam has grown steadily and presently stands at 12.34 billion dollars in 2019-20.  

Export basket from India to Vietnam includes bovine meat, fishery products, corn, steel, pharmaceuticals, cotton, machinery while imports from Vietnam include mobile phones, electrical machinery and equipment, computers, electronic hardware, natural rubber, chemicals, and coffee.

The Secretary said, the bilateral trade turnover is still not commensurate with the levels of economic development and more needs to be done to broaden and intensify the trade relations to achieve its full potential.