Shipping route connecting central Vietnam, India inaugurated | Business

On the occasion. (Photograph: VNA)

New Delhi (VNA) – A delivery route linking the central area of Vietnam and India was inaugurated on July 27.

Talking on the inauguration ceremony, which was held nearly, Counselor Bui Trung Thuong, head of the Vietnam Commerce Workplace in India, stated that India is Vietnam’s eighth largest buying and selling companion. Two-way commerce is more likely to attain the goal of 15 billion USD this yr, on the event of the fiftieth anniversary of Vietnam – India diplomatic ties. 

Regardless of the nice commerce potential between the 2 sides, one of many bottlenecks is site visitors connectivity, particularly the shortage of a direct sea route connecting the 2 international locations, he stated, due to this fact, the delivery route linking the central area of Vietnam and Kolkata metropolis, India operated by Vietnam Maritime Company (VIMC) will open up nice enterprise cooperation alternatives for Vietnamese and Indian companies.

VIMC Deputy Normal Director Le Quang Trung affirmed that in its growth technique, VIMC considers India an vital buying and selling companion of Vietnam. Sea freight charges have elevated previously years, severely affecting transport actions of the world basically and Vietnam specifically.

To search out options to Vietnam’s import and export actions, VIMC has actively applied market analysis and expanded new sea routes connecting Vietnam and different areas around the globe, together with India, he stated.

VIMC inaugurated a container delivery route linking Vietnam, Malaysia and India in November final yr to ease strain on cargo transportation, stabilise the provision of transport providers and assist home companies. In Might, it continued to carry 1,000 TEU container ships to Cua Lo within the central province of Nghe An to move items to India. It is a direct connection between Vietnam and India, thus serving to to shorten the transportation time to 14-15 days as in comparison with 21-22 days for different routes.

The company goals to launch one other path to Chittagong port of Bangladesh this October.

Vietnamese Ambassador to Bangladesh Pham Viet Chien expressed his hope that this route will promote commerce between Vietnam and Bangladesh. He affirmed that the Vietnamese Embassy in Bangladesh is able to assist Vietnamese and Bangladeshi companies in enterprise connection./.