HCM CITY — The India – Vietnam Business Conference 2024 was held in HCM City on March 8, creating business cooperation opportunities for enterprises of both sides. The businesses were updated with information on business climate as well as policies to develop economic and trade ties of Vietnam and India. Two-way trade in 2023 was 14.36 billion USD, with Việt Nam’s export rising 6.8% year-on-year to US$8.5 billion and import falling 17.2% to $5.86 billion. In the meantime, India is an important supplier of raw materials and finished products for Việt Nam regarding steel, chemicals, pharmaceuticals, garment and textiles and animal food. India has registered some $1 billion in more than 400 projects in Việt Nam, making it the 26th largest investors among 141 countries and territories with investments in the country.
