Vishal Acharya from the Emerald Worldwide Connections Private Limited speaks at the event (Photo: VNA) The Vietnam-India business meeting on August 23 saw Vishal Acharyaof the Emerald Worldwide Connections Private Limited pointing out that Indiawas the second largest ceramic tiles producer in the world after China andaccounting for 20% of the global production.
India, like Vietnam, is a rapidly developing country, with boomingconstruction, which is pushing up demand for tiles and other buildingmaterials, according to the businessman.
Indian enterprises are very interested in the Vietnamese market,and they want to not only export to the country but also invest and producethere.
Nguyen Huu Nam, Deputy Director of the Vietnam Chamber of Commerceand Industry’s Branch in HCM City (VCCI-HCM), said India was among the top 10trading partners of Vietnam, which in turn was considered an important countryin India's ‘Look East policy,’ which is reflected in the multi-facetedco-operation between the two countries in recent years.
Trade between the two nations reached 13.2 billion USD last year,up 36.6% year-on-year. India’s exports to Vietnam were worth 6.95 billion USD,up 56.7% from 2020, while Vietnam’s rose by 19.6%, he said.
The two countries target soon reaching 15 billion USD in bilateraltrade.
“To achieve this goal, Vietnam and India need to furtherstrengthen co-operation in fields where the two sides have strengths andcompetitive advantages and complement each other,” he said.
Organised by the VCCI-HCM and Emerald Worldwide Connection, the meetingwas among activities to promote the Ceramics & Bath Industry Show (CBIS) tobe held in January 2023 in India, he said.
“After more than two years of disconnection due to COVID-19, theevent today will provide Vietnamese businesses with useful information aboutproducts, markets and incentives to attend CBIS in India.
“Besides, the B2B business networking session offers opportunitiesto find new partners and strengthen business relationships for businesses fromboth sides.”
Acharya invited Vietnamese companies to participate in theexhibition, saying it would showcase the best-in-class products andtechnologies in the fields and offer business matching, factory tours andseminars on the latest industry developments.
The expo would be a perfect platform for manufacturers to showcasetheir products and network with the “most influential industry stakeholders andgenerate business leads,” and visitors could source the latest materials andservices and meet directly with decision-makers in companies to negotiateprices, he added./.
VNA
