In this file photo, Vietnamese Ambassador to India Ton Sinh Thanh (L) is seen at the “Doing Business with Vietnam” workshop held in Vadodara, a city in the Indian state of Gujarat in January 2015.
Vietnamese Embassy in India
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Hanoi always supports New Delhi’s “Look East” policy, Ton Sinh Thanh, Vietnamese Ambassador to India, has said while highly appreciating the South Asian country’s greater presence in Southeast Asia in general and Vietnam in particular.
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Ambassador Thanh made the statement in a seminar on the Indian policy held in the northeastern state of Meghalaya from February 26 to 28, according to the Vietnam News Agency.
The traditional friendship and comprehensive cooperation between Vietnam and India have continuously developed, especially since the two countries signed a strategic partnership agreement in 2007, the ambassador said.
Indian investors have invested over US$220 million in Vietnam so far while Vietnamese businesses have channeled around $26 million into their projects in India, the diplomat said.
India is currently one of Vietnam’s top 10 trade partners, with two-way trade soaring to more than $8 billion in 2014 from $1 billion in 2006, Thanh said, adding that the two nations are striving to take the figure to $15 billion in 2020.
The ambassador also highlighted the sound relationship and cooperation between India and the Association of Southeast Asian Nations (ASEAN), with bilateral trade rapidly rising to nearly $80 billion in the 2013-2014 fiscal year from $3 billion in 1994.
He added that the two sides expect to further increase their bilateral trade to $100 billion in 2015 and $200 billion in 2020.
The ambassador pointed to the importance of India’s North East region in the “Look East” policy thanks to its advantageous location in proximity to Southeast Asian countries.
In order to promote cooperation between the region and Southeast Asia, road and air connections should be improved, and specific activities should be organized to highlight North East as an attractive investment and tourism destination, Ambassador Thanh suggested.