Vietnamese and Indian businesses talk over garment production. (Photo: VNA)
The thriving Vietnam-India commercial partnership was the highlight of a forum held in Ho Chi Minh City on September 16.
According to Vo Tan Thanh, Vice Director of the Ho Chi Minh City branch of the Vietnam Chamber of Commerce and Industry, India, with its population of 1.2 billion people, is among the top ten trade partners of Vietnam, while Vietnam is ranked 28th for the India.
The two countries’ trade deficit has seen a recent downward trend, Thanh noted.
President of India’s Merchant Chamber of Commerce and Industry (MCCI) Arun Kumar said underscoring the important role of ASEAN, his Government has initiated the “Act East” policy.
Janal Sheth, Vice President of the Federation of Gujarat Industries (FGI) who is leading a delegation of 30 local firms on an ongoing visit to Ho Chi Minh City, considered Vietnam an attractive investment destination in the region.
He shared that his delegation’s visit aims to better understand the market, seek partnerships and promote the Indian business climate, saying agriculture, food processing, biotechnology and mining hold great cooperation opportunities.
Tat Thanh Cang, Vice Chairman of the municipal People’s Committee, lauded the trade promotion programmes carried out by the two governments as having benefited business communities.
He stated that authorities in the southern hub always welcome and support Indian companies to enter the city.
Vietnam and India generated more than 5.6 billion USD from bilateral trade last year, a significant increase from 1 billion USD in 2006. In the first seven months of 2015, the figure reached over 3 billion USD, paving the way for a target of 15 billion USD by 2020.
Vietnam's key exports to India include mobile phones, rubber, cashews, porcelain, iron and steel and wooden products, while it imports mainly cars, drugs, garment and textile feedstock, chemicals, machinery, building materials and others.
In the past eight months, Ho Chi Minh City alone shipped goods worth about 184.7 million USD to India, an annual climb of 3.31 percent. During the period, it imported Indian commodities valued at around 356.9 million USD, up 9.06 percent year on year.-VNA
Vietnamese Ambassador to India Ton Sinh Thanh and Indian Ambassador to Vietnam Preeti Saran granted a joint interview to Vietnam News Agency correspondents in New Delhi on the two countries' ties.
Vietnam and India are working closely together to achieve their bilateral trade target of 15 billion USD by 2020, a Vietnam Chamber of Commerce and Industry bigwig has said.
Some 73 documentary photos and 160 publications featuring the friendly relations between Vietnam and India are being showcased at an exhibition opening in Ho Chi Minh City on August 28.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
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.
Vietnamese and Indian businesses talk over garment production. (Photo: VNA)
