Vietnam-India trade hits US$15 billion in 2024
VOV.VN - Two-way trade between Vietnam and India reached approximately US$15 billion in 2024, marking an annual increase of 4.5%, the General Department of Vietnam Customs reported.
Vietnam attended the Invest Kerala Global Summit in Kerala state, India from February 21-22, demonstrating its commitment to strengthen trade ties with the country’s southern region.
The event, organised by the Kerala State Industrial Development Corporation (KSIDC) under the aegis of the Department of Industry and Commerce, aimed to attract significant domestic and international investments across various sectors crucial to the state’s economic growth.
Over 100 exhibition booths were arranged, displaying diverse products ranging from defence technology to health supplements.
Vietnam's prominent presence was marked by its 60-square-meter pavilion, the largest among international participants. Such staples as spices and coffee, as well as tourism offerings from industry leaders VietJet and Vietravel were on the showcase.
The Vietnamese Embassy organised a trade networking session with Kerala, focusing on trade, investment, and tourism. The delegation from Lai Chau province, along with representatives from Vietnam's spice, trade, technology, tourism, and aviation sectors, actively participated in these discussions.
Ambassador Nguyen Thanh Hai underscored that Vietnam and Kerala boast huge cooperation potential, particularly in the areas of seafood, technology and innovation, tourism, and sea port. He expressed his hope for stronger collaboration in the coming time.
Kerala, with its GDP of approximately US$140 billion in 2023, stands among India's top 10 economically powerful states. The region's business-friendly policies, modern infrastructure, and streamlined investment approval processes have created an attractive environment for international investors.
The Vietnam Maritime Corporation (VIMC) partnered with Guangxi Beibu Gulf Port Group of China on February 18 to launch a new container shipping route connecting the ports of China’s Beibu Gulf, Vietnam’s Hai Phong and India’s Kolkata.
The Vietnam Trade Office in India on February 12 held an online seminar to provide updates on India's 2025 budget and investment opportunities for Vietnamese firms.
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