India is among the top ten trading partners of Vietnam. Bilateral trade between India and Vietnam has seen continuous growth over the past few years. KNN spoke to Mr Rajeev Garg, Chairman, Indian Business Chamber, Hanoi, Vietnam, who highlighted that there is a huge potential for Indian MSMEs and exporters in the country.

The trade volume between the two sides crossed USD 8 bn in FY 2013-14, achieving the target of USD 7 bn by 2015 well in advance. Both sides agreed on a new trade target of USD 15 bn by 2020.

According to Mr Garg, the most crucial sectors for Indian exporters in Vietnam are textile, auto components, cotton and more.

He also talked about the ways to enhance the trade ties between the small entrepreneurs of both countries.