VN-Indian trade fulfils 2015’s US$ 5 bln goal

13:44 | 22/12/2014

VGP – As of late November, the two-way trade turnover between Viet Nam and India has fetched US$ 5.15 billion, representing a year-on-year surge of 8.37%, according to the General Department of Viet Nam Customs.

Illustration photo

The figure surpassed the goal of US$ 5 billion set for 2015 when the two countries set up strategic partnership in July, 2007.

The biggest exports included pepper with 10,162 tons (up 119.21% against the same period last year); metal (up 114.07%); chemicals (up 71.31%); transport vehicles (up59.43%) and coffee (up 36.24%).

Meanwhile, Viet Nam chiefly imported aquacultural products, cotton, machines, metal, and fibres from India.

During the official visit of PM Nguyen Tan Dung to India from October 27-28 at the invitation of Indian PM Narendra Modi, the two sides agreed to raise  bilateral trade to US$ 15 billion by 2020./.

By Kim Anh