A senior Vietnamese trade
official has stated that
India and Vietnam possess
considerable opportunities
to enhance collaboration in
investment and the textile
sector, underscoring the
strengthening economic rela
tionship between the two na
tions. Bui Trung Thuong, the
Trade Counsellor and Head of
the Trade Office at the Em
bassy of Vietnam, informed
that both countries, especially
regions such as Telangana,
present significant potentialfor business partnerships. “We have identified substantial oppor
tunities for cooperation between India and Vietnam, particularly in
Telangana, in terms of business and investment, especially within
the textile industry,” he remarked. Thuong expressed admiration for
the craftsmanship and quality of products displayed in Telangana. “I
was truly impressed by the artisans from Telangana. Their work is of
exceptional quality, and we have noticed similarities with Vietnam,
(he observed. He also emphasized that the current geopolitical
tensions, especially in West Asia, are affecting global supply chains,
thereby making closer collaboration between nations like India and
Vietnam increasingly vital. “In light of the recent unrest and conflict in the Middle East, it significantly impacts the
global value chain. Therefore, I believe that India and Vietnam should enhance their cooperation, not only in textiles
but also in energy. Energy security is of utmost importance,” he stated. India and Vietnam have a long-standing
history of trade and economic relations, which have progressively developed over the years. As per government
statistics, bilateral trade between the two nations
reached USD 15.76 billion from April 2024 to
March 2025, reflecting a year-on-year increase of
6.40 percent. India’s exports to Vietnam amounted
to USD 5.43 billion, while imports from Vietnam
were higher at USD 10.33 billion during the same
timeframe. Currently, Vietnam ranks as India’s
20th largest trading partner and the 15th largest
export destination worldwide. Concurrently, India
is Vietnam’s 8th largest trading partner, the 7th
largest export market, and the 10th largest source
of imports.