Vietnam offers numerous investment opportunities for Indian businesses
The increasing importance of Vietnam in global supply chains is great potential helping to enhance the Vietnam-India relations, particularly between small- and medium-sized enterprises (SME) that are considered the main drivers for economic growth in each country, heard an online conference on February 25.
New Delhi (VNA) – The increasing importance of Vietnam in globalsupply chains is great potential helping to enhance the Vietnam-Indiarelations, particularly between small- and medium-sized enterprises (SME) thatare considered the main drivers for economic growth in each country, heard an onlineconference on February 25.
The bilateral trade-investment promotion conference titled “Boostingtrade-investment cooperation opportunities between Vietnamese and Indian SMEs”was jointly organised by the Trade Office of the Vietnamese Embassy in India,Uttar Pradesh state government, the Indian Industries Association (IIA) and theHanoi SME Association.
IIA President Pankaj Gupta said that several major enterprisesof India such as Adani Group, Mahindra, SRF and Suzlon have shown interest ininvesting in Vietnam.
He suggesting Indian enterprises invest in Vietnam in thefields of energy, mineral exploration, agricultural chemicals, sugarproduction, tea, coffee, information technology, and automobile components.
Vietnam is currently holding a lot of advantages forinvestors such as favourable investment policies, numerous free tradeagreements, rapid economic growth, stable political situation, cheap labourcosts, and young labour force, he stated.
However, participants pointed to several challenges forforeign investors in Vietnam, including high corporate tax rates of 32-50percent for companies operating in oil and gas exploration and exploitation andother valuable natural resources, complicated administrative procedures, anddependence on cash transactions.
Meanwhile, Vietnamese Ambassador to India Pham Sanh Chauproposed the two countries’ enterprises expand cooperation in supportingindustry, automobile and motorbike spare parts, garment and footwear materialsand household appliances.
According to the Vietnam Foreign Investment Agency, as ofDecember 2020, India had nearly 300 valid projects in Vietnam with totalinvestment of nearly 900 million USD, ranking 26th among countriesand territories pouring capital into the Southeast Asian nation./.
Prime Minister Nguyen Xuan Phuc and his Indian counterpart Narenda Modi exchanged views on wide-ranging bilateral, regional and global issues and set forth the Joint Vision for Peace, Prosperity and People to guide the future development of India - Vietnam Comprehensive Strategic Partnership, during a virtual summit on December 21.
Deputy Defence Minister Sen. Lieut. Gen. Nguyen Chi Vinh and Indian Defence Secretary Ajay Kumar co-chaired the 13th Vietnam-India defence policy dialogue at deputy ministerial level which was held on January 12 via videoconference.
Garment, food processing, pharmaceuticals, information technology (IT), construction materials, and renewable energy are fields of potential where businesses from Vietnam and India can bolster investment in the time to come.
Apple is ramping up the production of iPhones, iPads, Macs and other products outside of China, in a sign that the tech giant is continuing to accelerate its production diversification, reported Nikkei Asia.
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.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Delegates attend Vietnam-India trade-investment promotion conference (Photo: VNA) 
