Business

Vietnam offers numerous investment opportunities for Indian businesses

The increasing importance of Vietnam in global supply chains is great potential helping to enhance the Vietnam-India relations, particularly between small- and medium-sized enterprises (SME) that are considered the main drivers for economic growth in each country, heard an online conference on February 25.
Vietnam offers numerous investment opportunities for Indian businesses ảnh 1Delegates attend Vietnam-India trade-investment promotion conference (Photo: VNA)
New Delhi (VNA) – The increasing importance of Vietnam in globalsupply chains is great potential helping to enhance the Vietnam-Indiarelations, particularly between small- and medium-sized enterprises (SME) thatare considered the main drivers for economic growth in each country, heard an onlineconference on February 25.

The bilateral trade-investment promotion conference titled “Boostingtrade-investment cooperation opportunities between Vietnamese and Indian SMEs”was jointly organised by the Trade Office of the Vietnamese Embassy in India,Uttar Pradesh state government, the Indian Industries Association (IIA) and theHanoi SME Association.

IIA President Pankaj Gupta said that several major enterprisesof India such as Adani Group, Mahindra, SRF and Suzlon have shown interest ininvesting in Vietnam.

He suggesting Indian enterprises invest in Vietnam in thefields of energy, mineral exploration, agricultural chemicals, sugarproduction, tea, coffee, information technology, and automobile components.

Vietnam is currently holding a lot of advantages forinvestors such as favourable investment policies, numerous free tradeagreements, rapid economic growth, stable political situation, cheap labourcosts, and young labour force, he stated.

However, participants pointed to several challenges forforeign investors in Vietnam, including high corporate tax rates of 32-50percent for companies operating in oil and gas exploration and exploitation andother valuable natural resources, complicated administrative procedures, anddependence on cash transactions.

Meanwhile, Vietnamese Ambassador to India Pham Sanh Chauproposed the two countries’ enterprises expand cooperation in supportingindustry, automobile and motorbike spare parts, garment and footwear materialsand household appliances.

According to the Vietnam Foreign Investment Agency, as ofDecember 2020, India had nearly 300 valid projects in Vietnam with totalinvestment of nearly 900 million USD, ranking 26th among countriesand territories pouring capital into the Southeast Asian nation./.
VNA
#Vietnam-India relations #SME #Vietnam #India #Indian Industries Association #Vietnamplus #Vetnam News Agency India Vietnam
Follow VietnamPlus

Related News

Vietnam, India set forth joint vision for peace, prosperity and people

Vietnam, India set forth joint vision for peace, prosperity and people

Prime Minister Nguyen Xuan Phuc and his Indian counterpart Narenda Modi exchanged views on wide-ranging bilateral, regional and global issues and set forth the Joint Vision for Peace, Prosperity and People to guide the future development of India - Vietnam Comprehensive Strategic Partnership, during a virtual summit on December 21.
Vietnam, India strengthen defence ties

Vietnam, India strengthen defence ties

Deputy Defence Minister Sen. Lieut. Gen. Nguyen Chi Vinh and Indian Defence Secretary Ajay Kumar co-chaired the 13th Vietnam-India defence policy dialogue at deputy ministerial level which was held on January 12 via videoconference.
India-Vietnam Investment Forum held in HCM City

India-Vietnam Investment Forum held in HCM City

Garment, food processing, pharmaceuticals, information technology (IT), construction materials, and renewable energy are fields of potential where businesses from Vietnam and India can bolster investment in the time to come.
Apple bolsters production shift to Vietnam, India

Apple bolsters production shift to Vietnam, India

Apple is ramping up the production of iPhones, iPads, Macs and other products outside of China, in a sign that the tech giant is continuing to accelerate its production diversification, reported Nikkei Asia.

See more

Vietnamese Ambassador to the Republic of Korea Vu Ho speaks at the forum.(Photo: VNA)

Forum promotes Vietnam–RoK supply chain connectivity

Cao Thi Phi Van, Deputy Director of ITPC, said that after more than three decades of cooperation, Vietnam–RoK ties are shifting from traditional manufacturing cooperation towards mastering future-oriented technologies such as semiconductors, artificial intelligence (AI), digital finance, renewable energy and global supply chains.

Fitch Ratings gives positive assessment of Vietnam’s economic fundamentals (Illustrative image. Source: VNA)

Fitch Ratings gives positive assessment of Vietnam’s economic fundamentals

Deputy Minister Tran Quoc Phuong stressed that Fitch’s credit assessments have enhanced Vietnam’s image and credibility in international financial markets, and provided additional motivation for the country to continue improving institutions, strengthening policy management efficiency and increasing economic transparency.

Consumer purchases E10 biofuel at a PVOIL petrol station on Thai Thinh street in Hanoi. (Photo: VNA)

Hanoi strengthens oversight of transition to E10 biofuel

To ensure compliance with the transition roadmap, the Hanoi Market Surveillance Sub-Department has requested petrol traders to proactively review and upgrade storage tanks, fuel pumps and other technical conditions necessary for E10 distribution, thereby preventing disruptions to fuel supply serving consumption and production demands across the capital.

A Phu Tho civil servant guides a local how to switch from presumptive tax mechanism to tax sef-declaration. (Photo: VNA)

📝OP-ED: Vietnam’s tax reform: Fair play, not revenue squeeze

At a time when social media disinformation grows more sophisticated, transparency and public disclosure are the most potent counter to distortions. Facts, data and real-world results deliver the strongest rebuttal to attempts that twist reality and erode trust in tax administration reform.

Experts are expected to analyse opportunities for boosting exports and investment cooperation between Vietnam and South American countries at the coming seminar. (Illustrative photo: VNA)

Seminar on trade promotion in South American market to take place in Hanoi

A seminar on opportunities and challenges in developing the South American market will be held in Hanoi on May 28. It aims to provide updates on the economic outlook, market trends and import demand in South America, particularly in Argentina and Chile, amid continued fluctuations in global supply chains.

A view of the second Asia Agri Food International 2026 in Ho Chi Minh City on May 19 (Photo: VNA)

India pushes stronger agri-food cooperation with Vietnam

Experts noted that Vietnam has established itself as one of Southeast Asia’s leading agricultural product exporters, while India remains a major global supplier of agricultural and food products. By combining India’s production capacity and technological strengths with Vietnam’s dynamic processing and export ecosystem, the two countries can build more resilient supply chains in the region.

A panel discussion at the Meet Australia 2026 programme on May 19 (Photo: VNA)

Meet Australia 2026 promotes sustainable partnership opportunities

Meet Australia 2026 is not only a trade and investment promotion event but also a forum connecting trust, vision and action between Vietnam and Australia, as well as between national-level cooperation orientations and development needs of localities and businesses from both countries.

A customer purchases E10 biofuel petrol at a PVOIL station on Thai Thinh street in Hanoi. (Photo: VNA)

Authorities ordered to closely monitor rollout of E10 biofuel from June 1

According to the agency, the move is aimed at ensuring the effective and synchronised implementation of the E10 transition roadmap under Circular No. 50/2025/TT-BCT, issued by the Ministry of Industry and Trade on November 7, 2025. The plan seeks to avoid delays or supply disruptions that could affect the domestic fuel market.

Vietnamese Trade Counsellor in India Bui Trung Thuong speaks at the forum. (Photo: VNA)

Vietnam, India promote digital economy cooperation towards 25 bln USD trade target

With the strengthened Comprehensive Strategic Partnership, the rapid growth of digital economies in both countries and complementary strengths in technology, manufacturing and markets, Vietnam and India are well positioned to build a deeply connected digital trade ecosystem and enhance their participation in global value chains.