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.
Both countries have set a trade target of US$15 billion by 2020.
Vietnam is India's 4th largest trading partner in the ASEAN bloc.
FDI inflows to India from April 2000-March 2021
Bilateral trade during fiscal 2019-2020
NRIs/PIOs currently live in Vietnam
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.
Vietnam has considerable deposits of coal, iron ore, antimony, bauxite, titanium, rare earth, chromium, natural phosphates, tin, and zinc, among others.
Vietnam has come up as a high-margin quality manufacturing destination for foreign brands, from apparels to automobiles, driving the economy.
Vietnam has improved access to credit information by distributing data from retailers.
India's Exports and Imports to Vietnam
Source: Department of Commerce
|3.||India’s Total Export||303,526.16||330,078.09||313,361.04||291,808.48||422,004.40|
|8.||India’s Total Import||465,580.99||514,078.42||474,709.28||394,435.88||613,052.05|
|13.||India’s Total Trade||769,107.15||844,156.51||788,070.32||686,244.36||1,035,056.45|
|17.||India’s Trade Balance||-162,054.83||-184,000.33||-161,348.24||-102,627.40||-191,047.65|
+91-022-7122-6656 / 2288-6362
63, Tran Hung Dao Street, Hoan Kiem Distt, Hanoi, Vietnam
58-60 Tran Hung Dao Str, Hoan Kiem District, Hanoi, Vietnam
Mr. Aman Bansal
Second Secretary (Eco & Com)
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)
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)
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)
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)
Production: 96.5 million tonnes per year
Export: 33.87 million tonnes per year/ US$ 1392.78 million
Production: 46.1 million tonnes
Export: 1,14 million tonnes per year / US$ 168.8 million
Export: 3,975,890 tonnes per annum/ US$ 2.03 billion
Production: 29 tonnes per annum (exports are banned)
Production: 5.68 million tonnes/annum
Production: 20-40 tonnes/annum
Production: 8.96 tonnes / annum
Export: 1.5-2.5 tonnes / annum
Production : 1.75-2.20 tonnes /annum (exports are banned)
Here are the leading sectors of opportunities for foreign investors
Tata International has its representative office in Vietnam
Conglomerate Reliance Industries operates in Vietnam
JK Tyre supplies to Vietnam's fast-growing auto market
Glenmark Pharmaceuticals markets products in Vietnam
ONGC Videsh has interests in Vietnam's offshore oil fields
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