During his meeting with Party General Secretary To Lam, billionaire Gautam Adani expressed his readiness to contribute to Vietnam’s development, particularly in areas of shared interest

India remaining one among the top five largest international tourism markets of Da Nang.

The bilateral trade turnover between Vietnam and India in 2024 hit approximately $15 billion, up 4.5% from 2023.

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Stakeholders attending the “India-Vietnam Business Meeting" tell VET’s Quoc Phong about the potential of investing in Vietnam.

Analysts and businesses discussed taking bilateral trade and investment cooperation between the two countries to the next level at the “India-Vietnam Business Meeting” on September 28.

At the Horasis 2022 India Economic Cooperation Forum on September 26 in southern Binh Duong city in the province of the same name, Deputy Prime Minister Vu Duc Dam said that “through the Forum, we can jointly assess and carefully consider the impact of regional, inter-regional, and global issues with the prospects of recovery and comprehensive and sustainable development of Vietnam and India. In particular, we have a voice to strongly encourage the development of innovative solutions, going beyond the traditional way of thinking to achieve practical results in a context of the unpredictable.”

The President of the Indian Rice Exporters Association has said that the introduction of a tax on rice exports from September 9 will benefit rice suppliers in major food-growing countries such as Vietnam, Thailand, and Pakistan.

The Indian automotive industry is looking forward to active cooperation with Vietnam’s automotive sector, Mr Yuvraj Kapuria, Chairman - YBLF and Vice President - The Hi-Tech Gears Ltd, told VET.

The potential for trade between Vietnam and India is significant and may reach $15 billion this year. One bottleneck, however, is in transport, especially the absence of direct sea routes connecting the two countries. The newly-opened shipping line connecting central Vietnam with India and Bangladesh, operated by the Vietnam Maritime Corporation (VIMC), will resolve this problem.