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Vietnam-India Bilateral Trade Reaches US$12.83 Billion

Vietnam-India Bilateral Trade Reaches US$12.83 Billion
AFP | Indian Prime Minister Narendra Modi and Vietnam's President Trần Đại Quang

Export of footwear and leather products from India to Vietnam valued US$105 million, showing a growth rate of 13.27 percent compared to the same period of 2016-2017.

India’s footwear and leather products imported from Vietnam cost US$121.63 million, presenting a growth rate of 44 percent compared to the same period of 2016-2017.

According to the Vietnam Leather Footwear and Handbag Association (LEFASO), Vietnam and India are two of the world’s top three footwear producers. India is the second largest exporter of footwear in the world, while Vietnam gets the third position.

The bilateral trade between India and Vietnam reached US$12.83 billion from April, 2017 to March, 2018. Image: Saigon Giai Phong Online
The bilateral trade between India and Vietnam reached US$12.83 billion from April, 2017 to March, 2018. Image: Saigon Giai Phong Online

 

Vietnam imported leather from India worth US492 million in 2017, accounting for 5 percent of its total leather imports.

A delegation of more than 30 Indian businesses participated in an exchange with Vietnamese counterparts which was organized by the Indian consulate in HCM City and the Vietnam Leather Footwear and Handbag Association (LEFASO) in HCM City on the occasion of 20th International Shoes & Leather Exhibition opened at the Saigon Exhibition and Convention Centre in Ho Chi Minh City on July 11-13.

 


Source : SGGP News

Indah Gilang Pusparani

Indah is a researcher at Badan Perencanaan Pembangunan Penelitian dan Pengembangan Daerah Kota Cirebon (Regional Development Planning and Research Agency of Cirebon Municipality). She covers More international relations, tourism, and startups in Southeast Asia region and beyond. Indah graduated from MSc Development Administration and Planning from University College London, United Kingdom in 2015. She finished bachelor degree from International Relations from University of Indonesia in 2014, with two exchange programs in Political Science at National University of Singapore and New Media in Journalism at Ball State University, USA. She was awarded Diplomacy Award at Harvard World Model United Nations and named as Indonesian Gifted Researcher by Australian National University. She is Researcher at Regional Planning Board in Cirebon, West Java. She previously worked as Editor in Bening Communication, the Commonwealth Parliament Association UK, and diplomacy consulting firm Best Delegate LLC in USA. Less
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