Making news

Vietnam attends first India-CLMV Reverse Buyer Seller Meet

A delegation of 25 Vietnamese businesses attended the first India-CLMV Reverse Buyer Seller Meet in Chennai city, the capital city of India’s Tamil Nadu state on October 16.

Jointly held by the Indian Ministry of Commerce and Industry and the Confederation of Indian Industry (CII), the event aims to implement cooperation activities between Indian and Cambodia, Laos, Myanmar and Vietnam (CLMV).

It is part of India’s efforts to realise its “Act East” policy, focusing on promoting collaboration between India and the Association of Southeast Asian Nations (ASEAN), including CLMV.

With the theme “Build economic integration through regional value chains,” the meeting brought together nearly 300 delegates from India and the four ASEAN countries.

Apart from promoting agricultural products of India and CLMV, the event sought measures to strengthen road, aviation and navigation connectivity, as well as collaboration in services and science-technology.

The delegates also touched upon cooperation opportunities in energy, especially new and renewable energy.

The Vietnamese representatives briefed the meeting on outcomes of cooperation between Vietnam and India and CLM countries in such spheres as economy, trade, investment and tourism.