Business

Forum aims to boost Vietnam-India trade, investment ties

A business forum was held in Hanoi on November 2 in an effort to boost trade and investment partnerships between Vietnam and India – one of the 10 biggest trade partners of the Southeast Asian nation.
Forum aims to boost Vietnam-India trade, investment ties ảnh 1The Vietnam-India Business Forum on November 2 (Photo: enternews.vn)

Hanoi (VNA) – A business forum was held in Hanoi on November 2 in an effort to boost trade and investment partnerships between Vietnam and India – one of the 10 biggest trade partners of the Southeast Asian nation.

Hoang Quang Phong, Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) – the forum organiser, said strengthening bilateral trade and investment cooperation is among activities promoted by the two Governments from now to 2020 so as to realise the countries’ strategic partnership.

Indian Ambassador to Vietnam Parvathaneni Harish said his country’s delegation to Vietnam this time includes President of the Confederation of Indian Industry Naushad Forbes, and executives of big groups and enterprises that want to invest in renewable energy, information technology, infrastructure and consumer goods production.

The forum is to concretise the commitments made between the Governments during Indian Prime Minister Narendra Modi’s working visit to Vietnam last September, he noted.

While Vietnam has advantages in labour intensive industries like garment and processing, India is interested in developing technology and services.

Bilateral trade hit 5.1 billion USD in 2015, including 2.4 billion USD of Vietnam’s exports. It reached 2.9 billion USD from January to July 2016.

Vietnam mainly exports mobile phones, computers, electronic products and components, coal, rubber, ore and farm produce to India. Its imports from this country include materials for animal feed production, medicine, and machinery.

The Ministry of Planning and Investment said Vietnam is increasingly attractive to Indian companies, which had 118 investment projects worth 439 million USD in Vietnam by the end of 2015, making their country rank 28th among 62 countries and territories investing here.

By the end of last September, India poured an additional 85 million USD into Vietnam, raising its total investment capital to 524 million USD, mostly in mining, oil and gas, mineral and farm produce processing, and information technology.

Phong said despite certain difficulties like a shortage of market information, consumers’ different tastes and a coincidence in export items, enterprises’ activeness and the two Government’s facilitation as well as regular trade promotion activities or business forums will be a considerable driving force for the intensification of the Vietnam-India strategic partnership.-VNA

VNA
#business forum #VCCI #Confederation of Indian Industry #trade and investment partnerships India
Follow VietnamPlus

Related News

India, Vietnam enhance IT partnership

India, Vietnam enhance IT partnership

Vietnamese and Indian businesses discussed new cooperation plans, including the establishment of joint ventures in information technology, during a workshop in Ho Chi Minh City on October 6.

See more

Representatives of Central Retail Vietnam and Lotte Plaza Market sign a distribution cooperation agreement at the networking event in Ho Chi Minh City on March 13. (Photo: VNA)

Vietnamese firms step up cooperation with international distribution chains

Connecting Vietnamese businesses with international distribution networks has been a key component of government-led trade promotion programmes for many years, which are designed to help domestic companies place goods directly into global retail systems rather than exporting solely through intermediaries.

Direct Hanoi–Amsterdam flights by Vietnam Airlines to begin on June 16. (Photo: Vietnam Airlines)

Vietnam Airlines to launch direct Hanoi–Amsterdam service on June 16

Under the plan, the Hanoi–Amsterdam route will commence operations on June 16, 2026, with an expected frequency of three return flights per week using modern wide-body Airbus A350 aircraft. This will be the first direct air link between Vietnam and the Netherlands, helping to shorten travel time and enhance connectivity between Vietnam and one of Europe’s key economic, logistics and aviation transit hubs.

Farmers harvest the 2025 Winter–Spring rice crop in An Giang province. (Photo: VNA)

An Giang accelerates export shift to meet green consumption trends

To enhance competitiveness, authorities are assisting businesses in obtaining globally recognised certifications such as GlobalG.A.P., Organic and HACCP, enabling key exports including rice, seafood and clean agricultural products to strengthen their position in global markets, according to Quang Xuan Lua, Director of the An Giang Centre for Trade and Investment Promotion.

Motorcycle riders refill their vehicles at a petrol station in Hanoi (Photo: VNA)

E5 RON92 biofuel price falls in latest adjustment

Since the beginning of this year, domestic fuel prices have undergone 14 adjustments, including five decreases and nine increases for RON95 and six declines and eight hikes for E5 RON92. Meanwhile, diesel price has fallen three times and risen 11 times.

A French customer is tasting Vietnamese lychee. (Photo: VNA)

Vietnamese agricultural products boost global brand recognition

Vietnam aims to achieve about 74 billion USD in agro-forestry-fishery export turnover this year. Expanding value-added products, improving quality standards and strengthening brand building, especially through international supermarket systems, will be key to enhancing the competitiveness and global recognition of Vietnamese agricultural products.

An apartment building developed by BCONS in Binh Duong (Photo: VNA)

Resolution 68 boosts businesses entering market

By the end of 2025, Vietnam had more than one million active enterprises. In the first two months of 2026, about 64,500 enterprises entered or re-entered the market, up 29.4% year-on-year, averaging 32,200 newly established or returning businesses per month.

A Vinh Long official introduces signature local products to Korean guests. (Photo: VNA)

Vinh Long courts Korean investment in key sectors

Vice Chairman of the provincial People’s Committee Nguyen Truc Son vowed to accompany investors and provide them with optimal conditions, while building a transparent and stable business environment to secure long-term engagement from foreign enterprises, particularly those from Daejeon.

Delegates at the launching ceremony (Photo: VNA)

Digital platform on overseas market development launched

With Vietnam’s network of 64 trade offices overseas, Deputy PM Son noted that connecting them through a modern digital platform could help establish a unified national trade information system that operates efficiently, transparently and with strong forecasting capacity.

The Government’s issuance of Decree No. 72/2026/ND-CP revising preferential import tariffs on several petrol products and raw materials is a timely move to diversify supply sources. (Photo: VNA)

Fuel import tariff cuts strengthen Vietnam’s energy resilience: experts

Economic expert Dinh Trong Thinh said revising fuel import tariffs helps diversify supply sources and reduce reliance on traditional markets, thereby strengthening Vietnam’s ability to cope with potential global supply shocks. Ensuring access to multiple energy sources is also vital for safeguarding national energy security, he added.

Leaders of Dak Lak province inspect IUU fishing prevention and control efforts at Phu Lac fishing port, Hoa Hiep ward. (Photo: daklak.gov.vn)

Dak Lak readies for EC mission on anti-IUU fishing efforts

Dak Lak province is completing preparations for an upcoming European Commission (EC) inspection on efforts to combat illegal, unreported and unregulated (IUU) fishing, with a view to having the fisheries “yellow card” removed.

Vietnamese Ambassador to Argentina Ngo Minh Nguyet speaks at the event. (Photo: VNA)

Vietnam, Argentina promote trade, investment cooperation

On relations with South America, Nguyet noted that in December 2025, Vietnam and the Southern Common Market (MERCOSUR) announced the launch of negotiations for a Preferential Trade Agreement (PTA). She expressed her hope that the agreement will be signed soon, thereby further boosting trade and investment between Vietnam and MERCOSUR member states, including Argentina.

Customers buy petrol at a Petrolimex petrol station in Tran Hung Dao ward, Hung Yen province. (Photo: VNA)

PM orders stronger measures to ensure stable petrol supply

The MoIT was instructed to direct key petrol producers and traders to proactively develop supply plans to guarantee adequate fuel provision for distribution systems, maintain regular sale operations, and sell products at listed prices. It must also closely monitor developments in global and domestic petrol markets and adopt appropriate management measures when necessary.