New Delhi (VNA) - Two-way trade between Vietnamand India in 2021 surpassed 13 billion USD for the first time, up 36.5 percentcompared to the previous year.
TheVietnam Trade Office in India cited data from the General Department of Vietnam Customs, saying that Vietnam exported 6.25 billion USD worth of goods in the year, up20 percent year-on-year; while India’s figure 6.95 billionUSD, up 56 percent.
Vietnam’s main exports to India in December last year were metals (79.3 million USD); computers,electronic products and components (78.8 million USD), phones and components (76.7million USD), other goods (75.2 million USD), machinery, equipment, tools andspare parts (49.8 million USD). Those that recorded strong growth included pepper (up 101 percent), coffee (up90 percent), and rubber products (up 88 percent).
Plastic raw materials, chemicals, rubber, and coal were were Vietnameseitems that witnessed the strongest growth in 2021, surging 231 percent, 162 percent and 138 percent,respectively.
Meanwhile, mobile phones and components continued to record the largestexport turnover, hitting more than 1.28 billion USD, accounting for about 21percent of Vietnam’s total export value to India, the department said.
InDecember last year, India mainly exported steel, metals, cotton, and machineryand equipment to Vietnam, with respective turnover of 116 million USD, 37million USD, 35 million USD, and 31 million USD.
🍎 Thesteel export posted the largest turnover in the whole year, reaching nearly 1.4billion USD, making up about 20 percent of the total export value of goodsfrom India to Vietnam./.
The relationship between Vietnam and India has grown significantly over the past 50 years, with India becoming one of the leading partners of Vietnam, Ambassador to India Pham Sanh Chau told Vietnam News Agency on the occasion of the 50th anniversary of bilateral diplomatic ties (January 7, 1972-2022).
The Vietnam-India Friendship Association in Ho Chi Minh city wished to strengthen collaboration with the Consulate General of India in the city and the Indian Business Association in Vietnam in organising more cultural, art and people-to-people exchange programmes, Huynh Thanh Lap, chairman of the association, said on January 25.
The Vietnam Trade Promotion Agency’s Export Promotion Center (PROMOCEN) has announced a virtual event to take place later this month serving trade connection between Vietnam and India regarding spices and flavourings.
A lack of Vietnamese firms' presence in the Indian market is a shortcoming that has hindered trade between the nations, saidVietnamese Ambassador to India Pham Sanh Chau at a recent seminar.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
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.
Illustrative image (Photo: VNA) 
