India -Vietnam Relations
- There is a 40 years of friendship and five years of strategic partnership between the two countries.
- Indian companies such as Godrej (furniture), Nagarjuna and KCP (sugar),
Phillips Carbon Black, Marico, Fortis Health Care and CCL (coffee) have
invested in Vietnam but none of these are big.
- Major pharmaceutical firms such as Torrent, Zydus Cadila, Glenmark and
Panacea Biotech have also set up offices to promote their products in
Vietnam. Incidentally, India is one of the largest exporters of
pharmaceutical products to Vietnam.
- The absence of a direct flight between the two countries is a dampener to not just business but also tourism.
- Trade between the two countries stands at around $4 billion and the aim is to take it to $7 billion by 2015.
- Inked an MoU targeted at building capacity for developing institutional
framework and identifying key areas and opportunities for Micro, Small
and Medium Enterprises (MSMEs) in India.(Jan 2013)
- Hamid Ansari on a 4 day visit to Vietnam.[18 Jan 2013]
