Want to strengthen trade ties with Vietnam: Ansari

India wants to exploit the "considerable potential" to strengthen bilateral trade and cooperation with Vietnam, Vice President Hamid Ansari said Wednesday.

He particularly singled out Ho Chi Minh City, the economic capital of Vietnam, for increased commercial relations. "We stand ready to exploit considerable untapped potential to further strengthen bilateral trade and economic cooperation and to add greater content to our strategic partnership. In this endeavour, I look forward to closer collaboration between India and Ho Chi Minh City, which has attracted many Indian investors, traders and professionals over the years," Ansari said.

Southern and central Vietnam has a small Indian community of around 1,500 —most of them professionals working in Indian or multinational firms and a handful of permanent residents.

The vice president's comments came a day after Vietnam sought India's help and expertise in infrastructure development, seaport construction and oil exploration.

Indian investment in Vietnam exceeds $800 million — Indians have invested in oil and gas, steel, spices, medicines, sugar, plastics, coffee — and trade between the two countries has crossed $4 billion.

Please read our terms of use before posting comments
TERMS OF USE: The views expressed in comments published on indianexpress.com are those of the comment writer's alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, indianexpress.com reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.