More than 150 Indian firms operating in different spheres in India attended a trade promotion programme held by the Vietnamese Ministry of Industry and Trade in New Delhi on July 18.
Electronics and parts are among Vietnam’s major exports to India. (Photo: cafeF)
New Delhi (VNA) – More than 150 Indian firms operating in different spheres in India attended a trade promotion programme held by the Vietnamese Ministry of Industry and Trade in New Delhi on July 18.
The programme is intended to create an opportunity for Vietnamese and Indian businesses to meet and cooperate in areas such as food processing, consumer goods, cosmetics, handicrafts, home furniture, and agricultural products.
On this occasion, a memorandum of understanding between the Indian Importers of Chambers of Commerce and Industry (IICCI) and the Association of Foreign Investment Enterprises (VAFIE) was signed.
Through the event, the Vietnamese Embassy in India and the ministry hope to provide more business and investment opportunities to enterprises from both sides.
According to data from the Indian Ministry of Commerce and Industry, trade turnover between the two nations reached 14.13 billion USD in the fiscal year 2021-2022 (April 2021-March 2022), creating a solid premise for achieving the 15 billion USD target set by leaders of the two countries./.
The Indian Consulate General in Ho Chi Minh City, in collaboration with the Vietnam-India Friendship Association in the city, organised a people-to-people exchange meet on June 25.
About 200 Vietnamese and Indian enterprises in the pharmaceutical and medical field participated in a networking event in Ho Chi Minh City on July 5, together exploring their ‘golden’ cooperation and investment opportunities in the post-pandemic period.
The Korea Customs Service (KCS) on July 15 announced it will jointly run an Electronic Origin Data Exchange System (EODES), which allows certificates of origin to be processed through electronic platforms, with Vietnam and India from next year.
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.
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.
Electronics and parts are among Vietnam’s major exports to India. (Photo: cafeF) 
