Vietnam–India B2B Forum Boosts Bilateral Trade, Investment, and Strategic Partnerships

On May 12, 2025, a high-level Business Conference & B2B Forum was successfully held in Hanoi, co-organized by the Embassy of India in Vietnam and the International Investment Promotion Alliance (Invest Global). The event marked the visit of a delegation of 25 Indian companies exploring investment and trade opportunities in Vietnam.

The forum brought together a wide network of Indian and Vietnamese enterprises, industry associations, and government representatives, highlighting the growing momentum in Vietnam–India business cooperation.

Strengthening Vietnam–India Economic Ties:

Speaking at the event, Mr. Chinpau Ngaihte, Counselor of Economic, Commerce & Development Partnership at the Indian Embassy, emphasized the strong bilateral relationship since the two nations established diplomatic ties in 1972. He noted that the partnership has expanded across multiple sectors like trade, education, healthcare, IT, energy, and manufacturing.

The two countries achieved $15 billion in bilateral trade in 2024, with a shared goal to raise this figure to $20 billion in the near future.

Focus on Key Growth Sectors:

Indian and Vietnamese officials highlighted several sectors for future collaboration, including:

• Healthcare and pharmaceuticals
• Education and technology exchange
• Startups and innovation ecosystems
• Auto parts, mining, and IT services
• Renewable energy and sustainable development

Vietnam’s adoption of Power Development Plan VIII is expected to further accelerate cooperation in green energy, climate-resilient infrastructure, and smart agriculture.

Business Leaders See Vietnam as a Key Investment Destination:

Ms. Rekha Sharma, Founder of India’s Marketing Assistance and Research Support (MARS), praised Vietnam’s growing appeal for Indian investors in ICT, AI, mining, and interior design. She referred to Vietnam as one of Asia’s most attractive markets amid global economic shifts.

Dr. Jitendra Joshi, Global President of the Global India Business Forum (GIBF), acknowledged the strong prospects but also pointed out challenges, such as complex investment procedures and language barriers. He encouraged Vietnam to enhance English proficiency among its workforce to better support foreign investors.

Strategic MoU Signed to Strengthen Trade Relations:

During the forum, Invest Global and MARS (India) signed a Memorandum of Understanding (MoU) to promote bilateral trade, support enterprise growth, and enhance investment cooperation. The agreement is viewed as a key milestone in building long-term business collaboration between the two nations.

Active B2B Networking and Investment Updates:

Indian and Vietnamese companies also participated in B2B matchmaking sessions, allowing them to share business goals, explore potential partnerships, and identify concrete investment opportunities.

According to Vietnam’s Ministry of Finance:

• In 2024, Indian investors funded 48 new projects in Vietnam with a combined registered capital of $86.69 million.
• As of April 2025, India has invested in 441 projects, with a total capital of over $1.07 billion, ranking 25th among all foreign investors in Vietnam.

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