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ISSN : 2233-4165(Print)
ISSN : 2233-5382(Online)
Journal of Industrial Distribution & Business Vol.10 No.9 pp.7-17
DOI : http://dx.doi.org/10.13106/ijidb.2019.vol10.no9.7.

Vietnam-India Trade: Current Relations and Prospects

Thu Thuy DANG*
* Ph.D, Vietnam Institute for Indian and Southwest Asian Studies (VIISAS), Vietnam Academy of Social Sciences(VASS), Vietnam, Tel: +084-90-921-1080, Email: thuy0183@gmail.com

© Copyright: Korean Distribution Science Association (KODISA)
This is an Open Access article distributed under the terms of the Creative Commons Attribution Non-Commercial License (https://creativecommons.org/licenses/by-nc/4.0/) which permits unrestricted non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited.
May 27, 2019. August 31, 2019. September 05, 2019.

Abstract

Purpose – In recent years, the bilateral political relationship between Vietnam and India was upgraded to strategic and comprehensive partnership. Thus, the purpose of this paper is to analyze current relations and prospects of the Vietnam-India trade.
Research design, data and methodology – The data was mainly based on World Integrated Trade Solution (WITS) and Foreign Investment Agency of Vietnam Ministry of Planning and Investment (FIA) from 2010-2018. The relationship of the two countries has showed growth in all sectors, including trade cooperation. This paper focused on assessing the current relations of trade cooperation of the two countries and then andlyzed the prospects of trade cooperation in the next period.
Result - The Indian Government’s strategy shifted from “Look East” policy to “Look East” action by the end of 2015. Vietnam is a partner and a pillar of India’s Look East policy (Muni, 2011). The governments of both countries should further strengthen exchanges and trade connections in order to provide cooperation opportunities for investors and businesses of the two countries.
Conclusion - The paper discusses and gives an overview of the current status of the trade relations of Vietnam and India as well as lucidating the opportunities and challenges for two countries in the future.

JEL Classifications: F50, N70, P33, P45.

초록


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