A teleconference, themed “Vietnam-India: Promoting trade in farm produce and processed food”, was held on May 7 to discuss business potentials during and after the COVID-19 pandemic.
New Delhi (VNA) – A teleconference,themed “Vietnam-🌞India: Promoting trade in farm produce and processed food”, washeld on May 7 to discuss business potentials during and after the COVI🐓D-19pandemic.
Speaking at the event, Director ofthe Vietnamese Ministry of Industry and Trade’s Trade Promotion Agency Vu Ba Phu describedIndia as a huge market in the Central South Asia region with a population of nearly1.4 billion and the potential of consuming Vietnamese farm produce such as tea,pepper, rubber, confectioneries, tra fish, cereals. However, India’s imports ofVietnamese products remain modest compared to its purchasing power, he said. Phu called on the Indian Importers Chambers of Commerce and Industry(IICCI) to continue partnering with the Indian Government to open up the marketfor several Vietnamese farm produce such as longan, litchi and rambutan, amongothers. IICCI President Atul Kumar Saxena, who has nearly 40 years of experience inworking with Vietnam, mentioned 10 major products that Vietnam could tap toexport to not only India but also other countries such as rice, coffee, spices,cocoa and cashew nuts. Apart from rice export, he suggestedthat Vietnam should use modern technology to process products of added valueand improve business strategy to gain more successes in India. Vietnamese firmsshared their advantages and disadvantages in doing business in India whileIndian counterparts also presented their opportunities and challenges inincreasing their presence in Vietnam. Participantshighlighted the need to fully tap resources and conditions to facilitate trade,thus promptly tackling difficulties for the two countries’ farm producebusinesses./.
With the comprehensive strategic partnership and large purchasing power, Vietnam and India have large potential to increase two-way trade via boosting the export of their strong commodities to each other’s markets, trade officials of the two countries said.
Minister of Planning and Investment Nguyen Chi Dung has affirmed that India is a major trade partner and investor of Vietnam, urging the two sides to spare no efforts to soon realise the target of bringing bilateral trade to 15 billion USD.
Two-way trade between Vietnam and India reached 1.65 billion USD in the first two months of 2020, up 2 percent against that of the same period last year.
Trade between Vietnam and India would continue to grow strongly and sustainably after the COVID-19 pandemic is brought under control, Vietnamese Ambassador to India Pham Sanh Chau said on April 28.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
At the event (Photo: VNA) 
