New Delhi (VNA) - Two-way trade between Vietnamand India in 2021 surpassed 13 billion USD for the first time, up 36.5 percentcompared to the previous year.
TheVietnam Trade Office in India cited data from the General Department of Vietnam Customs, saying that Vietnam exported 6.25 billion USD worth of goods in the year, up20 percent year-on-year; while India’s figure 6.95 billionUSD, up 56 percent.
Vietnam’s main exports to India in December last year were metals (79.3 million USD); computers,electronic products and components (78.8 million USD), phones and components (76.7million USD), other goods (75.2 million USD), machinery, equipment, tools andspare parts (49.8 million USD). Those that recorded strong growth included pepper (up 101 percent), coffee (up90 percent), and rubber products (up 88 percent).
Plastic raw materials, chemicals, rubber, and coal were were Vietnameseitems that witnessed the strongest growth in 2021, surging 231 percent, 162 percent and 138 percent,respectively.
Meanwhile, mobile phones and components continued to record the largestexport turnover, hitting more than 1.28 billion USD, accounting for about 21percent of Vietnam’s total export value to India, the department said.
InDecember last year, India mainly exported steel, metals, cotton, and machineryand equipment to Vietnam, with respective turnover of 116 million USD, 37million USD, 35 million USD, and 31 million USD.
⛦ Thesteel export posted the largest turnover in the whole year, reaching nearly 1.4billion USD, making up about 20 percent of the total export value of goodsfrom India to Vietnam./.
The relationship between Vietnam and India has grown significantly over the past 50 years, with India becoming one of the leading partners of Vietnam, Ambassador to India Pham Sanh Chau told Vietnam News Agency on the occasion of the 50th anniversary of bilateral diplomatic ties (January 7, 1972-2022).
The Vietnam-India Friendship Association in Ho Chi Minh city wished to strengthen collaboration with the Consulate General of India in the city and the Indian Business Association in Vietnam in organising more cultural, art and people-to-people exchange programmes, Huynh Thanh Lap, chairman of the association, said on January 25.
The Vietnam Trade Promotion Agency’s Export Promotion Center (PROMOCEN) has announced a virtual event to take place later this month serving trade connection between Vietnam and India regarding spices and flavourings.
A lack of Vietnamese firms' presence in the Indian market is a shortcoming that has hindered trade between the nations, saidVietnamese Ambassador to India Pham Sanh Chau at a recent seminar.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Photo: VNA) 
