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.
India imported 125,950 tonnes of rubber from Vietnam last year, making it the third largest rubber importer, according to the Indian Ministry of Commerce and Industry.
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.
Vietnam’s National Assembly Chairman Vuong Dinh Hue’s recent visit to India underlines the importance of trade and strategic ties between both countries.