Vietnam

India and Vietnam share a "Comprehensive Strategic Partnership”, a status Vietnam shares with only two other countries.

India is currently among the top 10 trading partners of Vietnam.

India’s investments in Vietnam is estimated at around US$1.7b.

Vietnam occupies a central position in India’s Act East Policy as also in the Indo-Pacific strategy.

Vietnam is India's 4th largest trading partner in the ASEAN bloc.

US$ 5.29mn
FDI inflows to India from April 2000-March 2021

US$ 14 billion

Bilateral trade during fiscal FY 2021

5,500
NRIs/PIOs currently live in Vietnam

3,736 Commodities exported to Vietnam in FY 2021-22

Agriculture

Vietnam is one of the largest producers of rice and marine products that are exported; the nation also produces a large volume of sandalwood.

Oil & Gas

Crude oil reserve in Vietnam is reported to be the second-highest in East Asia, after China, and is estimated at around 4.4b barrels, drawing interests.

Mining

Vietnam has considerable deposits of coal, iron ore, antimony, bauxite, titanium, rare earth, chromium, natural phosphates, tin, and zinc, among others.

Manufacturing

Vietnam has come up as a high-margin quality manufacturing destination for foreign brands, from apparels to automobiles, driving the economy.

Regulation

Vietnam has improved access to credit information by distributing data from retailers.

India-Vietnam Bilateral Relations

A summary of the bilateral engagements between India and Vietnam.

Documents signed during the visit of President to Vietnam (November 20, 2018)

MOUs on cooperation in the fields of Communications, Business, Education, and Industry have been signed.

Telephone Conversation between the Prime Ministers of India and Vietnam

During the conversation, the leaders committed to bilateral cooperation in the fight against COVID-19. Both leaders also highlighted the importance of the Strategic Partnership between the nations.

Meeting between the military leadership of India and Vietnam

During the meeting, the representatives emphasized the importance of Defence relations in the bilateral Strategic Partnership. There was consensus on the need for an Implementing Arrangement for cooperation in the field of Hydrography.

India's Exports and Imports to Vietnam

Source: Department of Commerce

Country / Region: VIETNAM SOC REP

S.No.	\Year	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023
1.	EXPORT	6,507.38	5,059.90	4,999.64	6,702.67	5,909.16
2.	%Growth		-22.24	-1.19	34.06	-11.84
3.	India’s Total Export	330,078.09	313,361.04	291,808.48	422,004.40	450,958.43
4.	%Growth		-5.06	-6.88	44.62	6.86
5.	%Share	1.97	1.61	1.71	1.59	1.31
6.	IMPORT	7,192.23	7,283.42	6,120.66	7,438.52	8,794.73
7.	%Growth		1.27	-15.96	21.53	18.23
8.	India’s Total Import	514,078.42	474,709.28	394,435.88	613,052.05	714,042.45
9.	%Growth		-7.66	-16.91	55.43	16.47
10.	%Share	1.40	1.53	1.55	1.21	1.23
11.	TOTAL TRADE	13,699.61	12,343.32	11,120.30	14,141.19	14,703.89
12.	%Growth		-9.90	-9.91	27.17	3.98
13.	India’s Total Trade	844,156.51	788,070.32	686,244.36	1,035,056.45	1,165,000.88
14.	%Growth		-6.64	-12.92	50.83	12.55
15.	%Share	1.62	1.57	1.62	1.37	1.26
16.	TRADE BALANCE	-684.86	-2,223.53	-1,121.02	-735.85	-2,885.57
17.	India’s Trade Balance	-184,000.33	-161,348.24	-102,627.40	-191,047.65	-263,084.03

Note:Since 2006-07, Petroleum figures are being computed from Import Daily trade Returns (DTRs) to genetate country-wise/port-wise tables. Up to 2005-06 consolidated petroleum import figures were being received from the Petroleum Ministry.

Vietnam Trade Promotion Agency

+84 (0)4/3936-4792

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20 Lý Thường Kiệt, Phan Chu Trinh, Hoàn Kiếm, Hà Nội, Vietnam

Indo-VietNamese Chamber of Commerce & Industry

+91-022-7122-6656 / 2288-6362

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IMC Chamber of Commerce & Industry IMC Bldg., IMC Marg Churchgate Mumbai 400 020

Indian Trade Promotion Organisation

91-11-23371540

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Pragati Bhawan, Pragati Maidan New Delhi-110001 (INDIA)

Embassy of India, Hanoi

+84-24-36330536

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63, Tran Hung Dao Street, Hoan Kiem Distt, Hanoi, Vietnam

Chancery

+84-24- 38244989/90

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58-60 Tran Hung Dao Str, Hoan Kiem District, Hanoi, Vietnam

Commercial Representative

+84-24-39348260

Mr. Aman Bansal
Second Secretary (Eco & Com)

Opportunities

Agricultural exports

Cuts & edible offal of species Gallus domesticus, frozen (020714)
FEATHERS OF A KIND USED FOR STUFFING;DOWN (050510)
Meat of bovine animals, frozen, boneless (020230)

agriexchange.apeda.gov.in

Sweet biscuits (190531)

agriexchange.apeda.gov.in

Fats & oils derived from milk, other than butter & dairy spreads (040590)
Milk in powder/granules/oth. solid form, fat content by wt. not >1.5% (040210)
Milk in powder/granules/oth. solid form, unsweetened, fat content by wt. >1 … (040221)

agriexchange.apeda.gov.in

Apples, fresh (080810)
Dried fruit (excl. of 08.01-08.06 & 0813.10-0813.30) (081340)
Durians, fresh (081060)
Fresh fruit, n.e.s. (081090)
Grapes, fresh (080610)
Guavas, Mangoes & Mangosteens, fresh/dried (080450)
Manioc (cassava) (071410)

agriexchange.apeda.gov.in

Beans of the species vigna mungo (l.)/hepper/vigna radiata (l.) wilczek, dr … (071331)

agriexchange.apeda.gov.in

Crustaceans; frozen, shrimps and prawns, excluding cold-water varieties, in shell or not, smoked, cooked or not before or during smoking in shell, cooked by steaming or by boiling in water (030617)
Fish; frozen, n.e.c. in heading 0303 excluding fillets, livers, roes, and other fish meat of heading 0304 (030389)
Fish; frozen, skipjack or stripe-bellied bonito, excluding fillets, livers, roes,and other fish meat of heading 0304 (030343)
Fish; frozen, yellowfin tunas (Thunnus albacares),. excluding fillets, livers, roes, and other fish meat of heading 0304 (030342)
Flours, meals and pellets, of fish or of crustaceans, molluscs or other aquatic Invertebrates (230120)

fishexchange.mpeda.gov.in