Vietnam, India boost cooperation in trade, investment
A Vietnam-India business matching event was held in Hanoi on September 22, on the occasion of the Vietnam visit by 42 enterprises of the India-Vietnam Chamber of Commerce and Industry (IVCCI).
A view of Vietnam-India business matching (Photo: VNA)
Hanoi (VNA) – A Vietnam-India business matching event was held in Hanoion September 22, on the occasion of the Vietnam visit by 42 enterprises of theIndia-Vietnam Chamber of Commerce and Industry (IVCCI).
Speaking at the event, Vice President of the Vietnam Chamberof Commerce and Industry (VCCI) Nguyen Quang Vinh appreciated the working visitof the Indian business delegation, which took place just ahead of the 50th anniversary celebrationof the establishment of diplomatic relations between the two countries later thisyear.
For Vietnam, India has always been a strategic partner intrade and has a lot of potential for cooperation; in which mechanics andengineering for production are an important part of bilateral trade.
IVCCI President Ajoykant Ruia said that with a stable economicand political environment, a young, abundant and highly skilled workforce, Vietnamis currently a safe and reliable destination.
Indian investors are really interested in expanding theirinvestment in Vietnam thanks to its strengths in supporting industries,mechanical engineering, garment and textiles, and footwear and to enjoyincentives from signed free trade agreements.
In 2021, Vietnam-India two-way trade turnover surpassed 13 billion USD. Thisyear, the two governments set a goal of raising the figure to 15 billion USD. Asof December 2021, India had 313 valid projects with a total registered capitalof 910 million USD, ranking 25th out of 140 countries and territories pouringcapital into Vietnam./.
Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto recently met Indian Minister of Trade and Industry Piyush Goyal in the US to discuss the benefits of Indo-Pacific Economic Framework (IPEF) regional cooperation.
President Nguyen Xuan Phuc received Indian Ambassador Pranay Verma in Hanoi on September 20, appreciating the outgoing diplomat’s contributions to the two countries’ cooperation in all aspects, especially during the two years of the COVID-19 pandemic.
A Vietnamese business delegation is taking part in the International Exhibition for Pharma and Healthcare, which began in New Delhi, India, on September 21.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
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.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
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.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
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.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
A view of Vietnam-India business matching (Photo: VNA) 
