India

In Vietnam, Ford Vietnam's Hai Duong assembly plant is scheduled to stop operation by March 26.

Minister of Planning and Investment Nguyen Chi Dung expected Vietnam and India to accelerate the process of opening markets for goods and products from each country.

The promotion aims to relieve pressure for Vietnam’s agricultural sector, as exports to China are poised to plunge due to the impact of the Covid-19 outbreak.

Taking into account the size of the Vietnamese economy, a large proportion of the state budget allocated for infrastructure development would affect the balance of payment and the economy.

Vietnam's potential as a growing market, large supply of skilled and low-cost labor are key factors attractive to Japanese firms.

Despite trade protection measures from the authority, Vietnam’s steel imports continue to surge.

In contrast to Vietnam’s positive outlook, the ADB has trimmed its forecasts for economic growth in developing Asia this year and next year.

The move is aimed to help develop the automotive supporting industries, particularly as Vietnam still has to import massive basic materials for domestic car production.

Remittance, along with foreign direct and indirect investment and official development assistance, is a major source of Vietnam’s foreign currency supply.

The Constitution of India was adopted on November 26, 1949 and came into effect from January 26, 1950 when India became a sovereign republic.