The Vietnamese firms brought clean coffee, tea and spices and soil fertilising organic products (Illustrative image. Source http://infonet.vn).

The event was held in Kolkta city of the western state of Bengal by the Associated Chambers of Commerce and Industry of India (Assocham) as part of the activities to mark the 45th anniversary of Vietnam-India diplomatic ties and 25th anniversary of ASEAN-India dialogue relations.

Nearly 80 businesses from Vietnam, Singapore, Thailand, Malaysia, the Philippines, Bangladesh, and Russia and close to 200 Indian firms are offering a variety of products such as pharmaceuticals, cosmetics, food supplements, foods, beverages, herbs, decorations, crafts, and natural essential oil.

The Vietnamese firms brought clean coffee, tea and spices and soil fertilizing organic products.

The natural and organic market in the Association of Southeast Asian Nations (ASEAN) is evaluated to hold a lot of potentials. Its value is forecast to reach over 4.4 billion USD with average growth of 9.5 percent, making up about 6.6 percent of the global organic cosmetics and functional food market by 2020.

Meanwhile, India is the world’s second exporter of functional foods and natural products, after China.

Source: VNA