Vietnam and India should focus on fully tapping economic cooperation potential, especially in electricity production, the steel industry, hi-technology, sea port construction, hotel development.
Vietnamese Ambassador to India Ton Sinh Thanh speaks at the event (Source: VNA)
New Delhi (VNA) – Vietnam and India should focus on fully tapping economic cooperation potential, especially in electricity production, the steel industry, hi-technology, sea port coꦏnstruction, hotel development, traffic infrastructure and urban development, 💮an Indian economic expert remarked.
Speaking at a workshop in West Bengal state on January 25, Former President of India ’s Merchant Chamber of Commerce and Industry (MCCI) Kumar Saraf, suggested the two countries consider a concessionary trade agreement, towards reducing tariff and non-tariff barriers for goods and services exports between the two countries.
Vietnam is one of the most dynamic economies in the region after nearly 30 years of its Renewal (Doi Moi) process, becoming one of the world leading exporter of rice, coffee and pepper, he stressed.
Vietnamese Ambassador to India Ton Sinh Thanh, highlighted the great potential for Vietnam and India to expand their trade and investment links.
According to Thanh , Vietnam is a member of 13 free trade areas. Apart from joining free trade agreements (FTAs) between ASEAN and India , China , the Republic of Korea (RoK), Australia , and New Zealand , Vietnam signed bilateral FTAs with the RoK and the Eurasia Economic Union (EAEU). Vietnam is also participating in FTA negotiations with the European Union and the Regional Comprehensive Economic Partnership (RCEP).
Vietnam-India trade ties has developed rapidly in recent years, hitting 5.6 million USD in 2014. In the first seven months of 2015, the figure reached over 3 billion USD. The two nations aim to lift their two-way trade to 15 billion USD by 2020.
Vietnam's key exports to India include mobile phones, electrics, rubber, cashews, textiles, steel and iron, and wool and wood products; while its main imports from India are machinery and chemicals.-VNA
Vietnamese Ambassador to India Ton Sinh Thanh has attended a ceremony to mark the establishment of an India-Vietnam cooperation centre in Odisha State.
Deputy Chief of the General Staff of the Vietnam People’s Army Sen. Lieut. Gen. Vo Van Tuan expressed his hope to beef up defence cooperation with India.
The Ministry of Agriculture and Rural Development (MARD) has allowed importing peanuts from India, after a temporary suspension due to invasive pest concerns.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
Vietnamese Ambassador to India Ton Sinh Thanh speaks at the event (Source: VNA)
