India, Vietnam set bilateral trade target of US$ 2 bn.
India, Vietnam set bilateral trade target of US$ 2 bn.
New Delhi, Feb. 27 (PTI): Satisfied with the growth in two-way commerce, India and Vietnam today set a target of US$ 2 billion for bilateral trade by 2010, double the current level.
A Joint Commission meeting here also noted that Indian companies are interested in participating in petroleum, transportation and power sectors in Vietnam.
The meeting, co-chaired by External Affairs Minister, Pranab Mukherjee, and visiting Vietnamese Deputy Prime Minister, Pham Gia Khiem, expressed confidence that multi-sectoral bilateral cooperation would contribute to a broad-based development of bilateral ties.
It was noted with satisfaction that the value of bilateral trade in 2006 exceeded US$ 1 billion, which was the target set by the 12th Joint Commission meeting.
The meeting was informed that India has emerged as one of the top 10 investors in Vietnam after signing of the joint venture agreement by Essar Steel to set up a US$ 527 million Hot Strip Mill plant there earlier this month.
The meeting decided that the two countries should work for doubling trade by 2010.
Khiem also met Prime Minister Manmohan Singh and Leader of Opposition, L K Advani.
http://www.hindu.com/thehindu/holnus/001200702272240.htm
New Delhi, Feb. 27 (PTI): Satisfied with the growth in two-way commerce, India and Vietnam today set a target of US$ 2 billion for bilateral trade by 2010, double the current level.
A Joint Commission meeting here also noted that Indian companies are interested in participating in petroleum, transportation and power sectors in Vietnam.
The meeting, co-chaired by External Affairs Minister, Pranab Mukherjee, and visiting Vietnamese Deputy Prime Minister, Pham Gia Khiem, expressed confidence that multi-sectoral bilateral cooperation would contribute to a broad-based development of bilateral ties.
It was noted with satisfaction that the value of bilateral trade in 2006 exceeded US$ 1 billion, which was the target set by the 12th Joint Commission meeting.
The meeting was informed that India has emerged as one of the top 10 investors in Vietnam after signing of the joint venture agreement by Essar Steel to set up a US$ 527 million Hot Strip Mill plant there earlier this month.
The meeting decided that the two countries should work for doubling trade by 2010.
Khiem also met Prime Minister Manmohan Singh and Leader of Opposition, L K Advani.
http://www.hindu.com/thehindu/holnus/001200702272240.htm
posted by chuaphuochung at 10:27 AM
0 Comments:
Post a Comment
<< Home