Vietnam invites Indian university to set up base

The Vietnamese government is keen to have an Indian university set up on its soil to further cooperation in education between the two countries.

"We have universities from several countries, including the US and Australia. We are waiting for an Indian university there," Ambassador of Vietnam to India Vu Quang Diem said at an interactive session with the Bharat Chamber of Commerce members.

Speaking about a direct airlink between India and Vietnam, the ambassador said a dialogue was on and that his country hoped to have it soon from either Kolkata or Mumbai.

Bilateral trade between the two countries was $2.05 billion in 2009, down from $2.5 billion in 2008, owing to the economic slowdown.
    
Diem hoped the situation would improve during the current year.
    
Among the recent Indian investments in Vietnam is a project by Philips Carbon Black for setting up a carbon black plant as a joint venture with an investment of $85 million.