AsemconnectVietnam - According to the data from the Vietnam Customs Department, total bilateral trade between Vietnam and India reached a record high of US$16.46 billion in 2025, a 10.5% increase compared to 2024.

Of this, exports from Vietnam to India reached US$10.3 billion (a 14.2% increase), while imports from India reached US$6.1 billion (a 4.9% increase). Vietnam continued to maintain a trade surplus of US$4.23 billion, a 31% increase compared to the same period last year.
The product group with the largest export value or strong growth included telephones and components, reaching US$2.1 billion (a 27% increase, accounting for 20.7% of total export value); computers, electronic products and components ranked second with $1.7 billion (up by 15.8%, accounting for 16.8%); and other machinery, equipment, tools and spare parts with $1.05 billion (up by 11.3%, accounting for 10.2%). Other items showing significant growth include animal feed and raw materials (up by 97%), pepper (up by 54% to $74.2 million), plastic products (up by 53% to $252.6 million), tea (up by 27.5% to $4.7 million), seafood (up by 26% to $19.6 million), chemicals (up by 22.5% to $356.7 million), textiles (up by 23% to $194.2 million), transport vehicles and parts (up by 24% to $221.2 million), confectionery and cereal products (up by 16.5% to $2.8 million), and chemical products (up by 15% to $150.8 million).
Conversely, Vietnam's imports from India during this period reached only US$6.1 billion, a 4.9% increase compared to the same period of 2024. The imports from India accounted for only 1.75% of Vietnam's total imports. Notably, Vietnam recorded a trade surplus of US$4.23 billion with India in 2025, a 31% increase compared to the same period of 2024.
The structure of goods traded between the two countries differs significantly. India supplies essential raw materials such as iron and steel, chemicals, pharmaceuticals, textiles, animal feed, and seafood; while Vietnam strongly exports technology products, electronics, textiles, chemicals, wood, footwear, spices, coffee, and pepper. This complementarity helps reduce risks and promote regional value chains.
Regarding Indian investment in Vietnam, according to the Vietnam Foreign Investment Agency, India has 378 projects with a total investment capital of over US$1 billion in Vietnam. The main investment sectors from India are energy, mineral processing, agricultural processing (coffee, tea, sugar), information technology, automotive components, pharmaceuticals, hotels, and infrastructure. Conversely, according to the India Inland Trade and Industry Promotion Agency, as of 2022, Vietnam had invested approximately US$28.55 million in sectors such as consumer goods, electronics, construction, information technology, and pharmaceuticals in India.
In 2024, VinFast (Vietnam) announced a $2 billion investment in an electric vehicle factory in Tamil Nadu, with Phase 1 worth $500 million, and planned to launch electric vehicles in 2025. In December of 2025, Vingroup announced the signing of a Memorandum of Understanding (MoU) with the Government of Telangana at the Telangana Rising Global Summit for a planned investment of $3 billion, to be implemented in phases to develop a multi-sector ecosystem in the state.
With the high economic growth of both countries, complementary market needs, and momentum from high-level visits and multilateral forums, Vietnam-India trade is considered fully capable of reaching $20 billion in the coming years. In the context of a volatile global economy, India is emerging as a stable and reliable alternative partner, contributing to market diversification for Vietnamese businesses. The Vietnam Trade Office in India remains committed to accompanying and supporting businesses, promoting trade and investment connections, and taking Vietnam-India economic relations to a new level.
CK
Source: VITIC/moit.gov.vn