According to the Vietnam News, a visiting delegation of Indian business executives from the ceramic tile, porcelain floor, wall and decoration tile, bathroom sanitary ware, and related industries met with their Vietnamese counterparts in Ho Chi Minh City to compare notes and seek collaboration.
Vishal Acharya of Mumbai-based Emerald Worldwide Connections Private Limited stated at the Vietnam-India business meeting on August 23 that India was the world’s second largest ceramic tile producer after China, accounting for 20% of global production.
Among top 10 trading partners of Vietnam
“India was among the top 10 trading partners of Vietnam, which in turn was considered an important country in India’s ‘Look East policy,’ which is reflected in the multi-faceted co-operation between the two countries in recent years,” Vietnam News quoted Deputy general director of the Vietnam Chamber of Commerce and Industry Nguyen Huu Nam as saying.
According to the businessman, India, like Vietnam, is a rapidly developing country with booming construction, which is driving up demand for tiles and other building materials.
Indian businesses are very interested in the Vietnamese market, and they want to not only export but also invest and manufacture there. In 2021, trade between the two countries reached USD 13.2 billion, up 36.6 percent year on year.
India’s exports to Vietnam totaled USD 6.95 billion, up 56.7 percent from 2020, while Vietnam’s increased by 19.6 percent, he said, adding that the two countries hope to reach USD 15 billion soon.
Further strengthen co-operation in fields
“To achieve this goal, Vietnam and India need to further strengthen co-operation in fields where the two sides have strengths and competitive advantages and complement each other,” he said.
Nguyen Huu Nam told that the meeting organized by the VCCI and Emerald Worldwide Connection was among the activities to promote the Ceramics and Bath Industry Show (CBIS) to be held in January 2023 in India, the Vietnam News reported.
“After more than two years of disconnection due to COVID-19, the event today will provide Vietnamese businesses with useful information about products, markets, and incentives to attend CBIS in India.
Besides, the B2B business networking session offers opportunities to find new partners and strengthen business relationships for businesses from both sides.”
Acharya invited Vietnamese companies to participate in the exhibition, stating that it would showcase best-in-class products and technologies in the fields as well as offer business matching, factory tours, and seminars on the most recent industry developments.
The expo would be an ideal platform for manufacturers to showcase their products and network with the “most influential industry stakeholders and generate business leads,” he added, and visitors would be able to source the latest materials and services and meet directly with company decision-makers to negotiate prices.
