09:34 | 21/09/2015 Trade
More than 30 Indian businesses and about 60 Vietnamese firms in the southern province of Dong Nai joined a trade exchange forum on September 16 in Dong Nai, aiming to seek stronger partnership.
A production chain in Bien Hoa Biscuit and Candy JSC in Dong Nai province (Source: VNA)
The Indian firms expressed their interest in investing in agricultural product processing, animal feed and fertilizer production.
Arun Kumar Saraf, Chairman of the Kolkata Chamber of Industry and Commerce, held that strengthening trade links among Indian and Dong Nai businesses will create opportunities for both sides to expand investment partnership in areas of shared interest.
Meanwhile, Nguyen Hoa Hiep, Director of the Dong Nai Department of Industry and Trade, said that favourable trade and tax policies for Indian firms under the ASEAN-India free trade agreement will be a good chance for enterprises of Dong Nai and India to increase import and export activities and expand market.
According to the provincial Department of Industry and Trade, Dong Nai currently has 35 industrial parks, including 31 operating ones. The parks are hosting 1,200 foreign-invested enterprises and 600 domestic ones. Dong Nai is leading localities nationwide in exports, contributing 9 percent to the country’s total value.
In the first nine months of this year, the locality’s exports are estimated at 10 billion USD, with hard currency earners being apparel, footwear, wood and wooden products, electronics and spare parts. Its imports are over 9.8 billion USD.
Last year, Dong Nai exported over 187 million USD worth of goods to India . The figure was 129 million USD in the first nine months of this year.
Dong Nai mainly shipped to India agricultural and aquatic products, plastic material, fibre, confectionary, rubber, steels and equipment./.