A trade promotion conference between Vietnam and India was held on December 12 in Ho Chi Minh City, aiming to foster trade and industrial cooperation among the business communities of the two countries.
Madan Mohan Sethi, Consul General of India in HCM City, speaks at the event. (Photo: VNA)
HCM City (VNA) – A trade promotion conference between Vietnam and India was held on December 12 in Ho Chi Minh City, aiming to foster trade and industrial cooperation among the business communities of the two countries.
According to Anil Agarwal, President of the Federation of Telangana Chambers of Commerce and Industry (FTCCI), Vietnam and India have a long-standing traditional relationship, with trade, industry and investment as important pillars.
India is one of Vietnam's eight largest trade partner, while Vietnam is India's 15th biggest trade partner and the fourth largest in Southeast Asia, showing the relationship between Vietnam and India is expanding towards a comprehensive strategic partnership in the future.
Vietnam mainly invests in India in pharmaceuticals, information technology, chemicals and construction materials. Meanwhile, India is creating more favorable conditions for Vietnamese enterprises to access the Indian pharmaceutical and agricultural product market, which is also an advantage for Telangana state to export its products.
Madan Mohan Sethi, Consul General of India in HCM City, said that India has mechanisms and policies in place to attract foreign investment, including in the Vietnamese business community. Indian diplomatic missions and promotion organisations are making efforts to promote trade, immigration procedures, and provide market information for businesses and foreign investors, he said.
Within the framework of the event, the Vietnam Chamber of Commerce and Industry’s Branch in HCM City and the FTCCI signed a Memorandum o♑f Underst🌱anding to support businesses and promote trade between the two sides./.
Vietnam and India may complete the goal of 15 billion USD in two-way trade this year despite impacts from the COVID-19 pandemic and geostrategic competition in the region and in the world, according to Vietnamese Trade Counsellor in India Bui Trung Thuong.
Vietnam and India should further strengthen connectivity to record more robust growth in bilateral trade, which is expected to hit 15 billion USD this year and surpass the record the two countries set in 2021, Indian analysts have said.
A Vietnam-India Startup Forum was held in a hybrid format on November 12, as part of the activities to celebrate the 50th anniversary of the establishment of bilateral diplomatic ties.
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According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
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The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
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Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Madan Mohan Sethi, Consul General of India in HCM City, speaks at the event. (Photo: VNA) 
