SIMIC

India's Vietnam Trade Office Counselor Bui Trung Thuong, declared that India is Vietnam's 8th largest trading partner.

Two-way trade is likely to reach US$15 billion this year, on the occasion of the 50th anniversary of Vietnam-India diplomatic ties.

Vietnam Maritime Corporation (VIMC) deputy general director Le Quang Trung confirmed that in its development strategy, VIMC considers India an important trading partner of Vietnam.

Sea freight rates have increased recently, significantly affecting transport activities of the world.

As a way to find a solution, VIMC has implemented market research and expanded new sea routes connecting Vietnam and other regions around the world.

VIMC inaugurated a container shipping route linking Vietnam, Malaysia and India in November last year to ease pressure on cargo transportation.

Vietnamese ambassador to Bangladesh Pham Viet Chien expressed hope that the route will promote trade between Vietnam and Bangladesh.

Mr Pham affirmed that the Vietnamese Embassy in Bangladesh is ready to support Vietnamese and Bangladeshi firms in business connection.