Speaking at the seminar, Dr. Huynh Thanh Lap, Chairman of Vietnam – India Friendship, Ho Chi Minh City branch, said that over the past 50 years, Vietnam – India traditional friendship has developed strongly and deepened.
In particular, trade and investment are one of the main pillars of the bilateral relationship between Vietnam and India. Traditional cooperation fields such as education and training, agriculture, culture, tourism and people-to-people exchanges, have recorded substantial progress.
Looking back on 50 years of Vietnam-India relationship and cooperation (1972-2022), Assoc. Prof. Dr. Nguyen Canh Hue, from the University of Social Sciences and Humanities under the Vietnam National University – Ho Chi Minh City, said the two countries’ ties and cooperation were built on a very solid foundation.
He added that Vietnam-India relations and cooperation have overcome many challenges and difficulties, and achieved many important goals in various fields, making the two countries become reliable and important partners for each other.
In recent years, bilateral trade relations between Vietnam and India have been constantly developing. Since 2010, India has continuously been in the top 20 trade partners of Vietnam.
Their two-way trade turnover increased from 2.75 billion USD in 2010 to 13.2 billion USD in 2021. Which, export turnover of Vietnam to India increased from 992 million USD in 2010, to 6.25 billion USD in 2021.
The signing of the ASEAN-India Trade in Goods Agreement (AIFTA) will create favourable conditions for Vietnamese goods to be exported to the Indian market and vice versa.
At the seminar, experts and scientists focused on discussing topics related to the potentials, resources and strengths of the two countries, in the development process of each country. They also proposed the potential for extensive cooperation between the two countries, in the present and future.