<h1>India-Vietnam Aim for $7 Billion Trade by 2015; Focus on Services, Investment, and Air Connectivity.</h1> The Union Minister for Commerce, Industry, and Textiles discussed enhancing trade relations between India and Vietnam, aiming for a USD 7 billion bilateral trade target by 2015. The India-ASEAN Free Trade Agreement, effective since June 2010, has bolstered trade, which grew from USD 3.451 billion in 2010 to USD 5.017 billion in 2011. The Minister emphasized the need for an ambitious services and investment agreement and expressed interest in opening Indian bank branches in Vietnam. Air operations between the two countries are anticipated soon, and issues like land acquisition and pharmaceutical license renewals in Vietnam were addressed.