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Home India-Viet Nam Relations Economic & Commercial
Economic & Commercial

Bilateral trade between India and Vietnam has seen continuous growth over the past many years. Bilateral trade, according to Indian data, during 2017-2018 reached US$12.8 billion, registering an increase of 26.96 percent. Total trade value between the two countries accounts for 1.53 percent of India’s total foreign trade. Vietnam is the second largest export destination for Indian products after Singapore in the ASEAN region. Vietnam is the 4th largest trading partner of India among ASEAN countries after Indonesia, Singapore and Malaysia. India is now among the top ten trading partners of Vietnam. Leaders of both countries have set a trade target of US$15 billion by 2020. Five key items exported to India were mobile phones and components, machinery, computers & electronic hardware, natural rubber, chemicals and coffee. Key items exported to Vietnam from India were meat and fishery products, corn, steel pharmaceuticals, cotton and machinery.

India’s investments in Vietnam are around US$ 1.66 billion but are expected to rise in the coming years. According to the Foreign Investment Agency, during the first six months of 2018, India registered 21 fresh projects with total capital of US$126.88 million. As such, India has 190 valid projects with total invested capital of US$875.69 million, ranking 26th among countries and territories investing in Vietnam. The latest projects are those of M/s Shapoorji Pallonji Group with total registered capital of US$75 million and M/s Adani Group with registered capital of US$43.86 million. The figures from Vietnam do not include Indian investment from third countries. Major sectors of investment are energy, mineral exploration, agro-processing, sugar manufacturing, agro-chemicals, IT and auto components. Vietnam has six investment projects in India with total investments of US$ 28.55 million. Vietnamese companies are investing in the area of pharmaceuticals, information technology, chemicals and building materials. Indian companies are investing in energy, mineral exploration, agro-processing, sugar manufacturing, agro-chemicals, IT, and agricultural processing.

Trade data for the last few years is shown below. For the latest trade data,

please visit http://commerce.nic.in/MOC/trade_statistics_india.asp

India Vietnam Trade

In US$ Million

Source: Department of Commerce, Govt. of India