Direct air route to be launched to India

VGP – The PM has just ordered the Việt Nam Airlines Corporation to consider the possibilities for opening direct air routes from Việt Nam to India and other South Asian countries in order to promote economic and trade relations.

April 10, 2010 8:12 AM GMT+7

A trade and investment business forum of Việt Nam and India, Hà Nội, October 02, 2009

The Government chief also asked the Việt Nam Chamber of Commerce and Industry to design a plan on establishing the Việt Nam-India Business Council.

Việt Nam and India established the diplomatic relationship in 1954 and upgraded to the Ambassadorship level on January 7, 1972.

The total two-way trade turnover sharply increased from US $72 million in 1995 to US $2,478 million in 2008. The figure is expected to reach US $3 billion this year and US $5 billion in 2015.

In October 2009, India recognized Việt Nam as a full market economy and the two sides signed a trade agreement in goods.

Việt Nam is one of promising destinations for Indian investors, including ONGC, Essar, Tata Steel, Larsen & Turbo, Ranbaxy, and Godrej.

By Hoàng Hạnh