India and Vietnam have longstanding bilateral trade ties, which grew to US$ 15.76 billion in March 2025. India is a key market for pharma, agri produce, textiles, chemicals and logistics, say Nguyen Duy Minh, VP, VLA, and Dinesh Krishnan, Chairman, ACAAI Southern Region, during a virtual meet.
CT Bureau
Ahead of the forthcoming FIATA World Congress scheduled to be held from October 6 to 10 in Hanoi, Vietnam Logistics Business Association (VLA) held a virtual session focusing on ‘B2B Matching Online Towards FIATA World Congress 2025’, with the purpose of linking businesses and creating new opportunities for VLA members and global partners. The ACAAI was invited to discuss opportunities for expansion and cooperation of members on both sides, contributing to promoting trade between Vietnam and India.
“India is currently one of Vietnam’s top economic partners. Bilateral trade between Vietnam and India has grown from US$ 200 million in 2000 to US$ 15.76 billion in March 2025. India is a key market for sectors such as pharma, farm products, textiles, chemicals, logistics and supply chain services. Vietnam is becoming an important manufacturing and investment destination for Indian enterprises. There is an interest from Indian firms to enhance their footprint in Vietnam, particularly in logistics infrastructure, port development and cold chain logistics, remarked Nguyen Duy Minh, Vice President, VLA.
“India and Vietnam have longstanding trade and economic ties. In 2024–25, Vietnam became India’s 20th largest trading partner and 15th largest export destination globally. India is Vietnam’s eight largest trading partner, seventh largest export market and 10th largest import source. In 2024–25, frozen bovine meat, fishery products, machinery and equipment, electrical equipment, auto components, pharma, API, chemicals, ordinary metals, cereal, cotton, animal fodder and gems & jewellery were exported to Vietnam,” said Dinesh Krishnan, Chairman, ACAAI Southern Region.
“Imports from Vietnam included electronic equipment, telecom equipment, machinery and mechanical appliances, iron and steel, ordinary metals, chemicals, articles of plastic, products of steel, footwear, garments, textile materials, wood, rubber and coffee, among others,” he added.
“During the visit of Prime Minister Pham Minh Chinh to India in July 2024, the leaders of both nations agreed to set the target of increasing bilateral trade to US$ 20 billion. To achieve this goal, developing logistics infra and improving freight transport between the two countries will be a decisive factor,” averred Bui Trung Thuong, Trade Counsellor of Vietnam in India.
“As the Trade Counsellor of Vietnam in India, I place emphasis on the development of logistics — a lifeline in promoting bilateral trade. Logistics is no longer a support service but has become a driver of national and regional competitiveness,” he added.
Vietnam is working with the global trade and transport community to solve the problem of sustainable development in today’s volatile world through digital and green transformation.
