New Delhi: India and Vietnam have signed a memorandum of understanding (MoU) for identifying thrust areas and opportunities, and developing institutional framework for micro, small and medium enterprises (MSME) in Vietnam.
Ministry of Planning and Investment of Vietnam and India's Ministry of MSME have signed the MoU during the ongoing four day state visit of Mr Hamid Ansari, Vice President of India to Vietnam.
The MoU also aims at promotion of partnership projects and institutional cooperation between the two countries, organising trade fairs and exhibitions for marketing the products of MSME, exchange of business missions to initiate transfer of technology and business alliance, and providing training for improvement of managerial and technical skills for MSME. It is a part of India’s efforts to further strengthen economic ties with Vietnam.
India and Vietnam have set a bilateral trade and investment target of US$ 7 billion by 2015. A Joint Committee has been set up by Ministries of both the countries to monitor the implementation of the MoU
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