On February 2, 2024, the Indian Business Chamber in Hanoi (INCHAM Hanoi) and the Embassy of India jointly organised the annual business meet cum Lunar New Year reception.
|INCHAM organises annual business meet and Lunar New Year reception
The event also celebrates the remarkable growth of Vietnam’s exports to India in 2023, despite the economic downturn trend. Vietnam’s exports of goods to India grew by 6.7 per cent compared to 2022, reaching $8.5 billion. This achievement is a testament to the strong trade relations between Vietnam and India.
India is currently Vietnam’s largest trading partner in South Asia, accounting for nearly 80 per cent of Vietnam’s exports to this region.
Trade is an important pillar in Vietnam - India bilateral relations, continuously achieving steady growth over the past 20 years. Bilateral relations from about $200 million in 2000 reached $15 billion in 2022, making India one of Vietnam’s top eight trading partners, while Vietnam is in the top four ASEAN countries with trade relations with India.
INCHAM’s Tet Reception was honoured to receive Sandeep Arya, Ambassador of India to Vietnam, Marc Knapper, Ambassador of the United States to Vietnam, Nguyen Trung Khanh of the Vietnam National Administration of Tourism, Shantanu Chakraborty, country director of Asian Development Bank and Nguyen Thanh Hung, chairman of the board of Sovico Group.
In addition, there are government officials from the Ministry of Health, Ministry of Natural Resources and Environment, Ministry of Finance, Ministry of Industry and Trade and Ministry of Agriculture and Rural Development, and representatives from fellow chambers AmCham, AusCham, SingCham, KoCham, and NordCham.
At the event, on the occasion of the 25th anniversary, the Indian Business Chamber also presented honorary ,embership to Chakraborty and Hung for their positive support to Vietnam – India bilateral relations.
The annual reception is an opportunity for the Indian community to recognise appreciation to the government of Vietnam and business partners for their support and commitment to the India-Vietnam trade and business relations. The event hopes to promote the partnership between the two countries to continue to develop and prosper.
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