Vietnam’s first ever Indian Film Festival was organised by the Indian Embassy there and Directorate of Film Festivals.
During an International Pepper Community meeting held recently in Mysuru, Spices Board, the Indian government regulatory and promotion agency for Indian spices, signed a MoU with Vietnam Pepper Association for starting futures trading for Pepper in Vietnam.
Modi chaired Union Cabinet has given its approval for signing the Memorandum of Understanding (MoU) between India and Vietnam for cooperation in the field of animal health.
With the recently negotiated Trans-Pacific Partnership (TPP), most of the Indian companies with markets outside India may shift their base to Vietnam to grab the advantage of duty-free access to the US and other TPP markets.
Mahindra Two Wheelers Limited (MTWL), the two-wheeler business arm of Mahindra & Mahindra (M&M) is studying the prospects of new markets for its French ally – Peugeot Motorcycles (PMTC), in which it bought a stake of 51 per cent in October 2014.
Oil and Natural Gas Corp (ONGC) which had applied in May to the Vietnamese authorities for a third extension of the exploration licence for deepsea Block 128 has been granted one year extension. The company has not found any hydrocarbon in the block but is continuing to stay invested.
Vietnam is interested in buying 14 fast patrol boats for an approximate US $212 million from Indian Garden Reach Shipbuilders and Engineers Ltd (GRSE).