India and Vietnam Target 25 Billion US
Dollar Bilateral Trade by 2030
¨
India and Vietnam have
set a target of achieving bilateral trade worth 25 billion US dollars by 2030.
¨
The target is related to
expanding the exchange of goods and services between the two countries.
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India and Vietnam are
important Asian economies in the Indo-Pacific region.
¨
Both countries are
strengthening regional trade and strategic cooperation.
¨
India and Vietnam
maintain economic relations through bilateral agreements.
¨
Both countries are
promoting trade, investment, and connectivity.
¨
Vietnam is a member of
the Association of Southeast Asian Nations (ASEAN).
¨
India is a dialogue
partner of ASEAN.
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Both countries are part
of the Indo-Pacific regional framework.
¨
The Indo-Pacific region
includes the Indian Ocean and the western Pacific Ocean.
¨ Bilateral trade between India and Vietnam includes pharmaceuticals, machinery, chemicals, textiles, and agricultural products.
¨ Both countries are focusing on strengthening economic and strategic partnership further.
