The 2006’s total export-import turn-over between Vietnam and India reaches 1.017 billion US Dollars, accounting for 0.34% of India’s and 1.47% of Vietnam’s. India is launching twenty investment projects in Vietnam. Both Vietnam and India are attempting to reach two million US Dollars of two-way turn-over by 2010.

Solutions aim to improve trade relations between Vietnam and India in the coming time as followed:

First, companies of both countries have to study demands of each other to know their own advantageous goods as well as needs and trade practices of two nations.

Second, Vietnam’s companies have advantages to export agricultural products, handicraft and handmade goods, footwear, and so on. India’s ones are good at steel, pharmaceutical products, information technology (IT), and so on. Therefore, companies should study the possibility for the combination of exporting and importing these items.

Third, after visits, companies of Vietnam and India should keep contact and exchange information on goods and market of each country.

Fourth, companies should boost information exchange through channels, such as embassies, Vietnam Chamber of Commerce and Industry (VCCI), and so on. Finally, companies should attend fairs, exhibitions, and seminars. They should be encouraged and helped to launch investment projects, open representative offices, and so on.