Bilateral trade has increased since then, and India has taken a place among the ten largest exporters to Vietnam. Two-way trade reached $4 billion in 2012, with Indian exports accounting for $2.34 billion while Vietnam’s exports accounted for $1.56 billion (up from $178 million in 2002). The two sides have set a target of $7 billion for bilateral trade by 2015, and, with the signing of the India-ASEAN FTA on trade in goods in 2010, bilateral trade is poised to grow at an even faster rate