Kolkata Launches Vietnam Desk to Boost Bengal-Vietnam Trade

Fast Summary:

• Vietnam and the Bharat Chamber of Commerce have agreed to set up a dedicated “Vietnam desk” in Kolkata to improve trade connectivity and collaboration.
• Direct water trade routes between Kolkata and Vietnam are highlighted as a strategic advantage for commerce.
• At the session titled “India And Vietnam: Current And Future Perspectives On Trade And Investment,” officials emphasized better bilateral cooperation.
• Ambassador Nguyen Thanh Hai noted the high-level trust between India and Vietnam, mentioning Vietnam’s ancient connection with bengal during wartime support.
• He confirmed plans to send delegations for business exploration in India, citing VinFast’s $500 million EV project in Tamil Nadu as an example of ongoing collaboration.
• Indo-Vietnam trade reached $15 billion in 2024, with Vietnam’s exports at $9.06 billion and India’s exports at $5.8 billion-showing significant bilateral economic growth (+4.5% overall).
• Sectors identified for potential expansion include agro-processing,textiles (notably silk),renewable energy,pharmaceuticals,and electronics.

Indian Opinion Analysis:

The establishment of a “Vietnam desk” at Kolkata signifies proactive measures aimed at strengthening bilateral economic ties between India and Southeast Asia-a region noted for its rapid industrialization and global trade competitiveness. The decision aligns well with India’s focus on expanding maritime connectivity under its Act East Policy, leveraging geographical advantages such as direct shipping routes.

Vietnam’s increasing direct investments in India (e.g.,VinFast EV plant) highlight mutual interest beyond traditional sectors like agriculture or textiles toward emerging industries like electric vehicles-a key growth area for India’s green ambitions. A two-way surge in trade showcases significant untapped potential that could be further explored through initiatives like dedicated desks that ease bureaucratic hurdles for traders.the proposed emphasis on sectors such as renewable energy also underscores shared objectives addressing enduring development goals amidst global climate challenges-perhaps leading to long-term strategic benefits beyond immediate commerce gains.

Read more: The Hindu