Vietnamese and Indian businesses hold great potential for cooperation in various economic sectors, including electronics and vehicle manufacturing, and information technology, experts shared the view at a recent seminar held in Hanoi.
India’s overall exports (Merchandise and Services combined) in January 2022* are estimated to be
USD 61.41 Billion, exhibiting a positive growth of 36.76 per cent over the same period last year and
a positive growth of 38.90 per cent over January 2020. Overall imports in January 2022* are
estimated to be USD 67.76 Billion, exhibiting a positive growth of 30.54 per cent over the same
period last year and a positive growth of 30.19 per cent over January 2020
Two-way trade turnover between the nation and India in 2021 crossed the US$13 billion mark, equal to US$13.2 billion, for the first time, marking an increase of 36.5% to reach over US$9.6 billion in 2020.
From a small trade value of $200 million in 2000, India and Vietnam's bilateral trade has reached $13 billion in 2021. This is a testament to the strengths and resiliency of the economies and people in the face of adversity from both countries.