Illustrative photo: VNA

The ambassador was speaking at a recent webminar on global trade and investment opportunities for Indian industry in Vietnam organized by India’s PHD Chamber of Commerce and Industry (PHDCCI).

Vietnam and India have emerged as global trade partners due to their policy initiatives and increase in their trade and investments, he said.

Vietnamese Counselor to India Do Thanh Hai spoke about the flow of economic and trade opportunities between Vietnam and India despite the pandemic, saying the economic and trade exchange will pick up in the time to come.

There is a restructuring of the global supply chain and both nations have the capabilities to take advantage of the opportunity. With the strategic location of both nations and change in reforms, there will be an increase in trade exchange and will be a driving engine for the global economy in near future, he said.