India - Vietnam Business and Cultural Council

Vietnam is a Southeast Asian country known for its rich culture, history, and stunning landscapes. Its capital is Hanoi, and it boasts bustling cities, beautiful beaches, and historical sites like Ha Long Bay and the Cu Chi Tunnels.

Ambassador and Consul General

The Global India Business Forum team led by its Founder and Global President of GIBF, Dr. Jitendra Joshi and Co-Founder & Director - Global Operations, Deepali Gadkari met Ms. Huong Tran, Political Counsellor, Head of Political-Economic-Cultural Section, Embassy of the Socialist Republic of Vietnam to enhance business and cultural relations between India and Vietnam. The GIBF team shared about GIBF’s motto of boosting economies of countries, particularly the MSME sector, and also about the activities conducted until now for achieving its goal. They also met Vu Song Ha, First Secretary, Political-Economic-Cultural Section, Embassy of the Socialist Republic of Vietnam. Ms. Tran assured all the assistance and collaboration with GIBF, on behalf of her embassy.

embassy-of-vietnam-ambassador-and-consul-general-ms-huong-tran-political-counsellor-head-of-political-economic-cultural-section-embassy-of-the-socialist-republic-of-vietnam

Broadcasting Equipment, Telephones, Integrated Circuits, Office Machine Parts, Textile Footwear, Fuel Wood, Coconuts, Brazil Nuts, and Cashews, Non-Retail Mixed Cotton Yarn, Cinnamon

Integrated Circuits, Broadcasting Equipment, Refined Petroleum, Telephones, Coal Briquettes, Light Rubberized Knitted Fabric, Synthetic Filament Yarn Woven Fabric, Coconuts, Brazil Nuts, and Cashews, Plastic Coated Textile Fabric, Footwear Parts.

about-venezuela-india-venezuela-business-and-cultural-council

About Vietnam

ABOUT Vietnam

As of 2022, Vietnam, a rapidly expanding Southeast Asian economy ranked 19th in exports and 20th in imports, was well-known for its substantial contribution to international trade. Top exports from the nation go to the US, China, South Korea, Japan, Hong Kong, and other countries, they include integrated circuits, telephones, textile footwear, and broadcasting equipment. Vietnam is primarily an importer of integrated circuits, broadcasting equipment, refined petroleum, phones, and coal briquettes, its principal suppliers are South Korea, China, and Japan. As a developing industrial hub, Vietnam has gained from China's production shift and enhanced trade ties through multiple free trade agreements, securing its place as an essential participant in the global supply chain.

Business Opportunities in Vietnam

BUSINESS OPPORTUNITIES IN Vietnam

Vibrant manufacturing, which has drawn major international companies and offers competitive labor costs and a strategic location, the booming information technology sector, which benefits from tax incentives, favorable policies, and a clear national digital transformation strategy, the attractive real estate market, which has strong demand for projects like apartment and office complexes, resort developments, and industrial parks, and the consulting services industry, which requires low investment capital and can yield high margins. Vietnam offers numerous promising business opportunities for foreign investors across diverse sectors.

Exports and Imports In Vietnam

Overview In 2022, Vietnam was the number 35 economy in the world in terms of GDP (current US$), the number 19 in total exports, the number 20 in total imports, the number 120 economy in terms of GDP per capita (current US$) and the number 55 most complex economy according to the Economic Complexity Index (ECI)

Top Exports of Vietnam

The top exports of Vietnam are Broadcasting Equipment ($58.5B), Telephones ($24.4B), Integrated Circuits ($16.9B), Office Machine Parts ($16.7B), and Textile Footwear ($13.2B), exporting mostly to United States of America ($117B), China ($58.7B), South Korea ($25.2B), Japan ($25B), and Hong Kong ($12.7B).

Top Imports of Vietnam

The top imports of Vietnam are Integrated Circuits ($45.2B), Broadcasting Equipment ($19.5B), Refined Petroleum ($9.7B), Telephones ($9.43B), and Coal Briquettes ($7.03B), importing mostly from China ($138B), South Korea ($60.7B), Japan ($17.9B), Chinese Taipei ($15.7B), and Thailand ($13.4B).

Go To Back