India’s President Ram Nath Kovind suggests reviving maritime connect with Vietnam

[Viet]

By Dipanjan Roy Chaudhury, ET Bureau | Nov 19, 2018, 09.00 PM IST

"Vietnam and India business partnership speaks for itself. With matching growth and lucrative business prospects on both sides, there is little convincing to be done," Kovind said.


NEW DELHI: Indian President Ram Nath Kovind on Monday suggested reviving maritime connect with Vietnam as he exhorted increase in bilateral trade from the current $ 12.8 billion.


"India and Vietnam are old civilizations. We have ancient cultural and spiritual connections. But the story of our engagement is much broader. Traders and merchants from India brought goods and commodities to the shores of Vietnam long before the arrival of cultural thought and expression. There was a flourishing maritime connect in the days gone by. And, to our desire, trade continues to be a driving force in our contemporary partnership. In the last 8 years, we have seen almost four fold increase in bilateral trade, from 3.7 billion US dollars in 2010 to 12.8 US dollars last year. With both Vietnam and India on a strong growth path, we can expect this trend to continue apace," Indian President said in his address at a business forum in Hanoi during his ongoing trip to Vietnam.


https://m.economictimes.com/news/de...connect-with-vietnam/articleshow/66696026.cms

 

[Viet]

@Nilgiri

Vietnam/India marine corridor

 

[xyx007]

it means allow oil drilling to proceed in the South China Sea, for sure setting off a diplomatic row with China.

 

[twocents]

it means allow oil drilling to proceed in the South China Sea, for sure setting off a diplomatic row with China.

There has not been a dipmatic row at all. The Indian state oil company has been drilling for oil in Vietnamese waters, not in areas claimed by China.

 

[Kaniska]

http://en.nhandan.com.vn/business/i...5-billion-bilateral-trade-volume-by-2020.html

NDO – The two-way trade revenue between Vietnam and India is on course to increase and is expected to hit US$15 billion by 2020, heard the Vietnam India Business Forum, held in Hanoi, on November 19.

Entitled "Building stronger ties for economic integration", the forum witnessed the participation of Indian President Ram Nath Kovind, Vietnamese Deputy Prime Minister Trinh Dinh Dung, and hundreds of Indian and Vietnamese enterprises.

The event held four sectorial sessions, including "Agri, Agro-processing, agro chemicals, food and food processing and food products", “Healthcare and Pharmaceuticals”, “Power, Energy, Renewable Energy, Oil & Gas, Infrastructure" and “Service – Information Technology, Communications, Education, Aviation and Tourism”.

Nguyen Quoc Toan, Acting Director General of Agro Processing and Market Development Department, under the Ministry of Agriculture and Rural Development, emphasised the fruitful comprehensive strategic partnership between Vietnam and India, particularly the agricultural cooperation, which has brought about practical results.

Since the establishment of the Vietnam-India Comprehensive Strategic Partnership in 2016, the bilateral trade revenue has increased from US$7.8 billion in the 2015-2016 period to US$12.8 billion in the 2017-2018 period. India is also one of the 10 largest trading partners of Vietnam.

He noted that the two sides are working to approve the import of five Vietnamese fruits to India including blue dragons, longans, pomelos, rambutans and durians, and the export of three Indian fruits to Vietnam including grapes, pomegranates, and millet.

Through the forum, Vietnam expects more cooperation with India in the areas of India’s strength such as farmer training, agricultural disease control, and the application of technology in tracing the origin of farm produce, Toan said.

Vietnam is also one of the world’s leading exporters of rice, coffee and seafood, which boasts huge opportunities for the Vietnam and India bilateral agricultural cooperation, Toan noted.

Speakers and businesses of both countries also introduced the potential, strength and cooperation opportunities in the areas of healthcare, pharmaceuticals, energy, services, information technology and other sectors.

Addressing the forum, Vietnamese Deputy PM Trinh Dinh Dung expressed his wish that Indian enterprises would boost investment in the Vietnamese market, particularly in the areas of renewable energy, manufacturing, information technology, infrastructure development, and others.

Meanwhile, the Indian President said that the Vietnam-India business relationship presents prospects for engagement in financial services, information technology, digital economy, hydrocarbons, defence, renewable energy, mining, healthcare, tourism and civil aviation, among others.

He affirmed that Vietnam is a very important trading partner for India in ASEAN, and India is now among the 10 largest trading partners of Vietnam. He noted that the bilateral economic relations have made significant achievements, but a lot more is waiting to happen. The Indian President called on Indian and Vietnamese enterprises to cooperate for enhanced trade as well as technology and investment partnership.

Business representatives also raised problems that they have encountered during their business operations and hoped for more support from the Governments and authorised agencies of both sides to facilitate their operations.

The forum, which is part of the Indian President’s State visit to Vietnam, is jointly held by the Indian Embassy in Vietnam, Indian Business Chamber in Vietnam (INCHAM), Vietnam Chamber of Commerce and Industry (VCCI), the India IMC Chamber of Commerce and Industry (IMC), and the Associated Chambers of Commerce of India (ASSOCHAM).

 

[Viet]

it means allow oil drilling to proceed in the South China Sea, for sure setting off a diplomatic row with China.

It’s not about drilling here and there. India proposes a maritime trade link with Vietnam. A brilliant idea. Connecting Indian Ocean to South China Sea. A steady flow of Container ships between Vietnam and India. Win win.

 

[T-Rex]

There has not been a dipmatic row at all. The Indian state oil company has been drilling for oil in Vietnamese waters, not in areas claimed by China.

I don't understand what is China's problem with India and Vietnam. They are always so friendly with China.

 

[rott]

I don't understand what is China's problem with India and Vietnam. They are always so friendly with China.

No problem. As long as India doesn't try to drill in Chinese claimed areas.

 

[TheTruth]

India should drill out all the oil, then put all the human shit into the hole.

 

[T-Rex]

No problem. As long as India doesn't try to drill in Chinese claimed areas.

India and her allies say they are not Chinese territory to begin with.

 

[Viva_Viet]

India and her allies say they are not Chinese territory to begin with.

the funny thing is that only VN can prove in international court that those islands in SCS( east VN sea) belong to VN since ancient time.

CN and the others (PH, Malay etc) have Zero evidence to backup their claim. In CN Qing dynasty, even Qing officers said that those islands in SCS( east VN sea) belong to VN when answerring to the mechants who had ships were attacked by pirrates there.

 

[rott]

India and her allies say they are not Chinese territory to begin with.

There was no problem to begin with.... They aren't drilling in Chinese territory.

 

[T-Rex]

There was no problem to begin with.... They aren't drilling in Chinese territory.

That's altogether a different issue my friend.

 

[艹艹艹]

I don't understand what is China's problem with India and Vietnam. They are always so friendly with China.

Is Bangladesh friendly with China?

allies

？？？？？？？？？？？who？

 

[T-Rex]

Is Bangladesh friendly with China?

Do you mean the general people or the undemocratic regime?

？？？？？？？？？？？who？

You know who those allies are. Don't pretend.