Indian state seeks trade ties with Vietnamese partners VNTimes

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Businesses from Haryana State of India are looking for Vietnamesepartners with the aim of conducting long-term projects in Vietnam,according to the President of the Haryana Chamber of Commerce andIndustry.

Addressing a Vietnam-India business forumheld in Ho Chi Minh City on May 22, Pankaj Kapoor said Indianbusinesses now tend to choose Vietnam as a destination for theirinvestment and decisions to set up joint ventures.

However, Vietnam needs to invest more in education and infrastructure to enhance its competitiveness, he said.

A representative from the Indian Consulate General in the city notedthat riding the growth of the strategic partnership between Vietnamand India, many Indian states are seeking trade-investment ties withVietnamese localities. He urged Vietnamese businesses to take advantageof this orientation.

Two-way trade betweenVietnam and India has rocketed over the past 10 years, reachingnearly 4 billion USD in 2012. The figure is expected to be 7 billion USDby 2015.-VNA

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