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President of India in Vietnam; addresses
The President, Shri Ram Nath Kovind at the Indian Community Reception hosted by the Ambassador of India to Vietnam, Shri P. Harish, at Hanoi, in Vietnam on November 19, 2018
President of India in Vietnam; addresses Vietnam-India business forum


NEW DELHI. The President of India, Shri Ram Nath Kovind, reached Hanoi today (November 19, 2018) as part of his two-nation state visit to Vietnam and Australia. Later in the afternoon, the President addressed the Vietnam-India Business Forum in the Vietnamese capital. Speaking at the Business Forum event, the President said India and Vietnam are old civilisational friends, and trade is a driving force of our contemporary partnership. In the past eight years, there has been an almost four-fold increase in bilateral trade, from US$ 3.7 billion in 2010 to US$ 12.8 billion in 2017. With both Vietnam and India on a path of high growth, this trend is expected to continue.

The President said the Vietnam-India business relationship presents prospects for engagement in financial services, IT and the digital economy, hydrocarbons, defence, renewable energy, mining, healthcare, tourism and civil aviation, among other sectors. The President said Vietnam is a very important trading partner for India within ASEAN, and India is now among the 10 largest trading partners of Vietnam. He emphasised that Vietnam-India economic relations have made significant achievements, but a lot more is waiting to happen. He invited Indian and Vietnamese businesses to partner each other for enhanced trade as well as technology and investment collaboration.

Later in the evening, the President addressed an impressive gathering of the Indian community andfriends of India in Vietnam at a reception hosted by Shri P. Harish, Ambassador of India to Vietnam.
(UPDATED ON NOVEMBER, 20TH, 2018)