Two-way trade between Vietnam and India reached US$1.65 billion in the first two months of 2020, up 2% against the same period last year.

Illustrative image (Source: VNA)

Several exported commodities reported impressive growth, including plastics (257.2%), confectionary and cereal products (135.8%), rattan products and carpets (121.5%) and animal feed (113.5%).

The Vietnamese Trade Office in India said that at present, raw materials used to produce antibacterial filters are scarce in the country, and enterprises have received full orders until the end of May.

The office advised Vietnamese businesses to be careful to avoid commercial frauds by requesting partners to provide detailed information about products and using L/C (letter of credit) payment.

Bilateral trade between Vietnam and India reached nearly US$13 billion in 2019. They are striving to bring the figure to US$15 billion.