(VOVworld) - Vietnam and India have huge potential for strengthening economic and trade cooperation which is yet on a par with their political ties. At a Vietnam-India business forum in New Delhi on Friday, Le Thai Hoa, deputy head of the Ministry of Industry and Trade’s Africa—West Asia-South Asia Department, said Vietnam is integrating deeper into the world and striving to become an industrial nation by 2020.

Coffee is one of Vietnam's major export items to India

Vietnam has developed trade relations with almost all countries and territories across the globe. The trade official stressed that trade ties between Vietnam and India have grown and flourished over the years, and India is one of Vietnam’s leading trade partners. Two-way trade reached 3.9 billion USD in 2012, with Vietnamese exports generating 1.78 billion USD. In the first nine months of 2013 alone, bilateral trade value hit 3.9 billion USD.