Investment cooperation, infrastructure connection and services are increasingly expanding
Vietnam - India economic and trade relations are developing strongly, becoming a pillar in the Comprehensive Strategic Partnership. Trade turnover continues to grow, cooperation expands in many fields such as investment, logistics, aviation, agriculture, technology and digital services, creating great opportunities for businesses of the two countries.
Information from the Ministry of Industry and Trade, economic and trade cooperation between Vietnam and India has achieved many impressive results in both scale and quality, with high and stable bilateral trade growth rates. Currently, India is Vietnam's 8th largest trading partner; conversely, Vietnam is India's 21st largest trading partner and ranks 4th in ASEAN.
Not only trade growth, the cooperation structure between the two economies is also shifting in a more positive direction, clearly showing complementarity and long-term linkage capacity. Investment cooperation continues to be expanded and diversified.
Along with investment, supporting sectors such as infrastructure, logistics, aviation, tourism and people-to-people exchanges are also developing strongly.
Bilateral economic cooperation does not only stop at traditional fields but also expands to information technology, digital services and innovation. This is a suitable direction as India has strengths in software, while Vietnam is emerging as a regional manufacturing and new technology center.
According to Mr. Bui Trung Thuong - Trade Counselor, Head of the Vietnamese Trade Office in India, economic and trade cooperation between Vietnam and India continues to maintain positive development momentum in recent years. In particular, in 2025, bilateral trade turnover reached a record level of about 16.5 billion USD, showing that the cooperation potential between the two economies is still very large.
Mr. Bui Trung Thuong emphasized that Vietnam and India are two dynamic economies in Asia, with high complementary cooperation in the textile and garment and footwear industries. India is strong in raw materials, fibers, leather, technology and large markets, while Vietnam has advantages in production, export and a wide FTA network. This is a favorable foundation for expanding investment, trade and technology transfer cooperation.
Opportunities to expand exports of agricultural, forestry and fishery products of Vietnam
According to the International Cooperation Department, Ministry of Agriculture and Environment, Vietnam's exports of agricultural, forestry and fishery products to India are still quite modest, below 500 million USD in 2025, accounting for only 1.4% of the country's total imports of agricultural, forestry and fishery products.
Current key export items include rubber, wood and wood products, pepper, animal feed, bamboo and rattan weaving, coffee, seafood and cashew nuts, but the scale is still limited compared to the very large consumption demand of the Indian market.
In that context, the opportunity to expand exports of agricultural, forestry and fishery products of Vietnam is assessed as very large when India's import structure has a high level of compatibility with Vietnam's advantages. Many items such as cashew nuts, spices, rubber, fruits, seafood and wood products are having good competitiveness in this market.
Regarding the direction of promoting agricultural, forestry and fishery exports, according to the Ministry of Agriculture and Environment, Vietnam has sent a letter requesting quarantine for Indian grapes, and at the same time requested the partner to respond soon to meet technical requirements. On the contrary, it also introduced the potential of Vietnam's key commodities such as grapefruit, tea and cinnamon - products that are not only of high quality but also associated with the culinary traditions and cultures of the people of the two countries.
