Vietnam-India trade hits 1.65 billion USD during Jan-Feb
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.
Vietnamese businesses seek garment material supply at Indian fair - Illustrative image (Source: VNA)
Hanoi (VNA) – Two-way trade between Vietnam and India reached 1.65billion USD in the first two months of 2020, up 2 percent against that of thesame period last year.
Several exportedcommodities reported impressive growth, including plastics (257.2 percent),confectionary and cereal products (135.8 percent), rattan products and carpets(121.5 percent) and animal feed (113.5 percent).
The Vietnamese TradeOffice in India said that at present, raw materials used to produceantibacterial filters are scarce in the country, and enterprises have receivedfull orders until the end of May.
The office advisedVietnamese businesses to be careful to avoid commercial frauds by requestingpartners to provide detailed information about products and using L/C (letterof credit) payment.
Bilateral tradebetween Vietnam and India reached nearly 13 billion USD in 2019. They arestriving to bring the figure to 15 billion USD./.
Vietnamese Vice President Dang Thi Ngoc Thinh and Indian Vice President Venkaiah Naidu affirmed that they attach great importance to the long-standing friendship between the two countries during their talks in New Delhi on February 12.
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.
National Assembly Chairwoman Nguyen Thi Kim Ngan lauded the growing Vietnam – India comprehensive strategic partnership during a reception in Hanoi on February 28 for newly-accredited Indian Ambassador Pranay Verma.
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&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Vietnam is now positioning itself as a global manufacturing hub with a diversified export portfolio, improved product quality, and enhanced price competitiveness.
Vietnamese businesses seek garment material supply at Indian fair - Illustrative image (Source: VNA) 
Vietnamese businesses seek garment material supply at Indian fair - Illustrative image (Source: VNA) 
