An online business forum was held on October 20, aiming to enhance trade and investment ties between Vietnam and India, especially amidst the COVID-19 pandemic.
Indian Deputy Minister of External Affairs Riva Ganguly Das speaks at the forum. (Photo: VNA)
New Delhi (VNA) – An online business forum was held on October 20, aiming to enhancetrade and investment ties between Vietnam and India, especially amidst theCOVID-19 pandemic.
The event wasco-organised by the Indian Chamber of Commerce, and the Vietnam Chamber ofCommerce and Industry (VCCI) and the Investment Promotion Centre-South Vietnam(IPCS) under the Vietnamese Ministry of Industry and Trade.
The forum offered anopportunity for Vietnamese and Indian businesses to learn about mechanisms, policiesand laws, investment opportunities and market potential of the two countries.
Indian DeputyMinister of External Affairs Riva Ganguly Das affirmedthat Vietnam is a pillar in India’s Act East policy and an important partner inthe country’s Indo-Pacific Ocean Initiative whichis based on shared values and interests in promoting peace, stability andprosperity in the region,
She said two-way trade expanded from only 200 million USD in 2000 to 12.34billion USD in the 2019-2020 fiscal year.
As of June, India had about 278projects in Vietnam with total invested capital of 887 million USD, accordingto Vietnam's Foreign Investment Agency.
However, the Indian officialsaid, the bilateral trade has yet to match economic development of the twocountries, suggesting them make greater efforts to expand and enhance the relationsnot only in trade but also in other spheres.
Vietnamese Ambassador to IndiaPham Sanh Chau said Vietnam and India boast potential to boost their investmentlinks, citing the forecast of certain international banks that the two-waytrade would increase an additional 1.1 billion USD each year./.
Trade between Vietnam and India in August picked up 12 percent from July, reaching 1.02 billion USD despite the complications from the COVID-19 outbreak, according to the Vietnamese Trade Office in India.
Vietnam and India boast huge potential for trade cooperation across spheres, particularly in technology, mechanics, machinery, and joining the global supply chains following the COVID-19 pandemic, heard a conference on September 22.
Vietnam and India hold great potential in boosting trade of fruits, Shubhra, Adviser Trade from the Indian Ministry of Agriculture and Farmers’ Welfare, told a virtual workshop held by the Embassy of Vietnam in India and the Indian Importers Chambers of Commerce and Industry (IICCI) on October 7.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
Indian Deputy Minister of External Affairs Riva Ganguly Das speaks at the forum. (Photo: VNA) 
