Vietnam: Opportunities to export strong products to the Indian market

India

Vietnam

Published May 29, 2023

Original content

India is currently the 8th largest trading partner of Vietnam, changes in its foreign trade policy need to be concerned. According to the Asia-Africa Market Department, trade turnover between Vietnam and India accounts for about 80% of Vietnam's total turnover with other South Asian countries. Meanwhile, Vietnam is currently the 23rd largest trading partner in the world and the 4th largest in the ASEAN region of India. In contrast, India is currently the 8th largest trading partner of Vietnam. In 2022, bilateral trade turnover between Vietnam and India will reach 15 billion USD, the highest level ever. Vietnam and India still have many potentials and advantages for cooperation in fields such as agriculture, fisheries, industrial production, textiles, and footwear. In the first four months of 2023, Vietnam's total import-export turnover with India reached US$4.9 billion, down 11% over the same period in 2022. In which, Vietnam's exports to India reached 2. 7 billion USD, down 5% ...

Source: Vinacas

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