HCMC – Vietnam’s bilateral trade with India hit a record US$16.46 billion in 2025, up 10.5% from 2024, according to data released by the Ministry of Industry and Trade on January 13, citing Vietnam Customs.
Vietnam’s exports to India rose 14.2% year-on-year to US$10.3 billion, while imports from India totaled US$6.1 billion, up 4.9%. Vietnam posted a trade surplus of US$4.23 billion, jumping 31% from 2024, the Vietnam News Agency reported.
Phones and components were Vietnam’s largest export item, generating US$2.1 billion, up 27% and accounting for over one-fifth of total exports to India. Computers, electronic products and components followed with US$1.7 billion, rising 15.8%. Machinery, equipment and spare parts reached US$1.05 billion, up 11.3%.
Other exports recorded strong growth. Animal feed and raw materials surged 97%. Pepper exports grew 54% to US$74.2 million. Plastic products climbed 53% to US$252.6 million. Tea exports gained 27.5% to US$4.7 million, while seafood increased 26% to US$19.6 million. Chemicals, textiles, transport equipment, confectionery and chemical products also posted double-digit growth.
Imports from India accounted for 1.75% of Vietnam’s total import value. India mainly supplies steel, chemicals, pharmaceuticals, textiles, animal feed and seafood. Vietnam exports technology products, electronics, textiles, chemicals, wood products, footwear, spices, coffee and pepper.
On investment, India has 378 projects in Vietnam with total registered capital exceeding US$1 billion, according to the Foreign Investment Agency (FIA) under the Ministry of Finance. Key sectors include energy, mineral processing, agricultural processing, information technology, auto parts, pharmaceuticals, hospitality and infrastructure.
Vietnamese investment in India reached about US$28.55 million by 2022, focusing on consumer goods, electronics, construction, IT and pharmaceuticals, according to India’s Department for Promotion of Industry and Internal Trade.
In 2024, VinFast announced a US$2 billion electric vehicle production project in Tamil Nadu, with an initial phase of US$500 million. Electric vehicle products were launched in 2025. In December 2025, Vingroup signed a memorandum of understanding with the Telangana state government for a planned US$3 billion multi-sector investment.
The Vietnam Trade Office in India said bilateral trade could reach US$20 billion in the coming years, supported by economic growth in both countries and expanding cooperation.
From January 8 to 10, 2026, Vietnamese firms took part in the Indusfood 2026 trade fair in Greater Noida, India, showcasing processed foods such as frozen fruits, dried products and coffee. Nearly 20 Vietnamese companies also joined buyer delegations to explore imports of Indian raw materials, including buffalo meat, dairy products and shrimp.
