Vietnam today sought more investment from India, as it felt there is scope for further improvement in trade volume between the two countries.
Interacting with the members of Calcutta Chambers of Commerce here, Ambassador of Vietnam to India Ton Sinh Thanh said the trade between the two countries was not upto the expectation.
The Ambassador also participated in an interactive session with the members of Merchants' Chambers of Commerce and Industry (MCCI) here during the day.
"Even as the volume of trade between Vietnam and India was growing, it was not upto the expectation and rather little in comparison to Vietnam's total trade," Thanh said.
"We understand that Indian companies are investing abroad, but for Vietnam the figure is still very little. While we receive lots of foreign investment offers from other countries, the investment from India is just a very small part of our foreign investment (one billion US dollar)" he said.
Many Indian companies are looking for opportunities to invest in Vietnam, and the country needs more investments from India including Kolkata, Thanh said.
"Majority of trade between Vietnam and India come from other parts of country like Chennai, Mumbai, New Delhi, but not much from Kolkata," he said.
Welcoming Indian investors to Vietnam, Thanh said "Both Vietnam and India were developing very fast and we are the fastest growing economies in the region."
On the intensive exchange of visits at high level, he said during first three months of this year "India received two highest leaders of Vietnam - both PM and President."
Disclaimer: No Business Standard Journalist was involved in creation of this content