1. Vietnam–India Trade Relations Continue Strong Growth
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According to the Vietnam Trade Office in India, trade relations between Vietnam and India have continued to develop robustly, playing a key role in bilateral cooperation with steady growth over the past 25 years.
India – Vietnam’s Largest Trading Partner in South Asia
From a modest USD 200 million in 2000, bilateral trade has grown to nearly USD 15 billion in 2024, up 4.5% year-on-year.
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Vietnam’s exports to India: USD 9.06 billion (+7.6%)
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Trade surplus: USD 3.2 billion, up 22.2% year-on-year.
India now ranks among Vietnam’s top eight trading partners, while Vietnam remains one of India’s four most significant ASEAN trade partners.
Within South Asia, India accounts for nearly 80% of Vietnam’s total exports to the region, solidifying its position as Vietnam’s largest trading partner in South Asia.
2. Vietnam’s Agricultural Exports Grow Strongly in India
In 2024, many Vietnamese agricultural and food products recorded strong growth in the Indian market:
| Product | Growth Rate (%) |
|---|---|
| Tea | +18.7 |
| Pepper | +9.3 |
| Wood & wood products | +18 |
| Seafood | +12 |
| Handicrafts, rattan, bamboo, sedge, mats | +11 |
| Rubber products | +11 |
| Confectionery & cereal-based products | +11.1 |
| Coffee | Stable at USD 38.83 million |
| Animal feed & raw materials | +7.7 |
Meanwhile, Vietnam’s imports from India decreased in several categories:
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Seafood: -14.6%
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Animal feed & raw materials: -62.4%
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Fruits & vegetables: -17.4%
These figures confirm that Vietnam continues to expand its market share in India’s agriculture and food sector, making a significant contribution to the country’s trade surplus.
3. India Offers Ample Room for Vietnamese Exporters
In 2025, alongside traditional export destinations such as the U.S., China, and Japan, India — now the world’s fifth-largest economy — represents a promising market for Vietnamese agricultural products.
Mr. Bui Trung Thuong, Vietnam’s Trade Counselor in India, noted that India still has vast potential for Vietnamese exporters.
The complementary trade structure between the two countries provides a strong foundation for sustainable economic cooperation.
He emphasized that Vietnamese enterprises must deeply understand the Indian market and focus on high-potential product segments, while actively participating in major trade fairs to promote products and form lasting partnerships.
4. Major Upcoming Trade Events and Investment Opportunities
Vietnamese enterprises are encouraged to attend India’s large-scale international trade fairs and investment summits, where many global companies have signed long-term contracts.
Key Upcoming Events in 2025:
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Global Investment Summit, Kerala 2025
Focus sectors: seafood processing, spices, food technology, consumer goods.
Kerala — with 35 million people and modern business infrastructure — is known for its favorable policies that support investors through fast-track approvals and efficient logistics. -
Global Investment Summit, Madhya Pradesh 2025
Focus sectors: fisheries and agriculture.
Madhya Pradesh, known as the “Heart of India,” is the second-largest state by area (90 million population) and a growing industrial hub. -
7th ACT East Business Show
Organized by the Indian Chamber of Commerce, the event is part of India’s “Act East” Policy, highlighting the Northeast region as a strategic gateway to Southeast Asia.
Focus sectors: forestry, processed food, and handicrafts.
These events present valuable opportunities for Vietnamese businesses to explore the Indian market, find reliable partners, and expand export and investment activities in one of Asia’s most dynamic economies.