Vietnam was listed as the 30th most powerful country in the world in 2022 by multi-platform publisher U.S. News & World Report.

As PM Modi said during his visit to Vietnam in 2014, the latter had been in the forefront of India’s engagement in the region.

With Vietnam set to maintain momentum to realise its dream of becoming an alternate global supply chain leader, the Fourth Industrial Revolution is providing a boost for global industries to look to Vietnam as a major manufacturing hub in the Southeast Asia region.

With India’s recent rice export restrictions, Vietnamese exporters expect to increase shipments and hike prices, industry insiders have said.

Vietnam and India have substantial opportunities to cooperate in the automobile industry as Vietnam is accelerating FDI attraction in the sector, an official has said.

The Asian Development Bank (ADB) keeps this year’s growth forecast for Vietnam at 6.5% in 2022 and 6.7% in 2023 as released in the April 2022 Asian Development Outlook (ADO).

India and Vietnam examined measures to ramp up all-round cooperation during their 12th political consultation and ninth strategic dialogue between the Ministry of Foreign Affairs of Vietnam and the Ministry of External Affairs of India, held in Hanoi on May 30.

Prime Minister Pham Minh Chinh asked relevant ministries, agencies and localities to remove bottlenecks that has impeded agricultural production during his dialogue with farmers on May 29.