Vietnam eyes deeper entry into Africa-Asia markets
VOV.VN - Trade Counselor Bui Trung Thuong, head of the Vietnam Trade Office in India, recently attended the Asia-Africa Global Investment Summit 2025 in New Delhi to promote Vietnam’s engagement in the promising markets of Africa and Asia.
Themed Bridging Continents, Building Futures, the event brought together a wide array of participants, including trade counselors, representatives from diplomatic missions across Asia and Africa, business leaders, investors, and experts in economics, technology, commerce, and sustainable development.
In his remarks, Thuong emphasised the immense potential for tripartite economic cooperation between Vietnam, India, and Africa, particularly in sectors such as manufacturing, information technology, smart agriculture, digital transformation, healthcare, and infrastructure development.
He affirmed Vietnam’s commitment to actively connecting value chains and trade networks among developing nations, thereby contributing to inclusive and sustainable regional growth.
The Vietnamese Trade Counselor also highlighted recent positive developments in Vietnam-India bilateral trade relations. In the first half of 2025, their two-way trade reached nearly US$8 billion, marking a 10% increase over the same period in 2024. Of the total, Vietnam’s exports to India amounted to over US$5.04 billion, up 14.5%, while imports from India stood at US$2.9 billion, a 1% increase.
Key Vietnamese export items were phones and components (US$1.18 billion), computers and electronic products (US$725 million), and machinery and spare parts (US$489 million)
These figures underscore the strong momentum in the Comprehensive Strategic Partnership between Vietnam and India, with both sides working towards the goal of US$20 billion in bilateral trade in the near future.
Thuong urged businesses from Vietnam and India, as well as partners in Africa, to seize opportunities for multilateral cooperation, develop new supply chains, and boost investment and trade in an era increasingly defined by digital and green transformation, the circular economy, and the sharing economy.
Vietnam seeks to boost multifaceted cooperation with India’s West Bengal
VOV.VN - During his working visit to West Bengal from July 6–8, Vietnamese Ambassador to India Nguyen Thanh Hai conducted a series of diplomatic activities aimed at boosting economic, trade, investment, and cultural cooperation as well as people-to-people exchanges between Vietnam and this dynamic eastern Indian state.
