AsemconnectVietnam - The bilateral trade turnover between Vietnam and India in 2025 was estimated to reach an all-time high, clearly reflecting the complementary nature of the two economies.

Stable growth, an increasingly rationalized product structure, and expanding investment cooperation are creating room for stronger economic breakthroughs between the two countries in the coming period.
Exports and imports increased strongly
The Information from the Vietnamese Trade Office in India indicated that total bilateral trade turnover between Vietnam and India in 2025 reached nearly US$16.5 billion, an increase of 10.5% compared to 2024, setting an all-time high. Of this, Vietnam's exports to India reached US$10.3 billion, an increase of 14.2%; and imports from India reached US$6.1 billion, an increase of 4.9%.
Notably, Vietnam continued to maintain a large trade surplus with India, reaching over US$4.2 billion, a 31% increase compared to the same period last year. This result clearly reflects the effectiveness of the bilateral trade structure, as Vietnam's export growth rate significantly exceeds that of imports, and affirms the increasingly solid position of Vietnamese goods in the Indian market.
In terms of product groups, telephones and components continued to play a leading role with a turnover of US$2.1 billion, a 27% increase, accounting for 20.7% of total exports to India. Computers, electronic products and components ranked second with US$1.7 billion, a 15.8% increase, accounting for 16.8%. Machinery, equipment, tools and other spare parts reached US$1.1 billion, an 11.3% increase, accounting for 10.2%.
Many other items recorded high growth in export turnover to India, indicating the diverse and stable demand of the Indian market. The exports of animal feed and raw materials increased by 97%; pepper increased by 54%, reaching US$74.2 million; plastic products increased by 53%, reaching US$252.6 million; chemicals reached US$356.7 million, up by 22.5%; textiles reached US$194.2 million, up by 23%; transportation vehicles and parts reached US$221.2 million, up by 24%; seafood increased by 26%, tea by 27.5%, and confectionery and cereal products by 16.5%.
Conversely, the imports from India reached US$6.1 billion, accounting for approximately 1.8% of Vietnam's total import turnover. Main imported items included other base metals, seafood, chemicals, pharmaceuticals, animal feed and raw materials, textile fibers, and automotive components and parts. The slower growth of imports compared to exports continued to strongly favor Vietnam in the trade balance.
Expanding investment cooperation, aiming for the $20 billion mark
A highlight in the trade relationship between Vietnam and India is the clear complementarity in the structure of goods. India supplies Vietnam with many important input materials such as: iron and steel, chemicals, pharmaceuticals, textiles, animal feed, and seafood.
Conversely, Vietnam exports to India products with high processing content and added value such as electronics, technology, textiles, chemicals, wood, footwear, spices, coffee, and pepper. This complementarity helps minimize market dependence risks and promotes regional value chain linkages.
Alongside trade, investment cooperation between the two countries continues to expand. According to the Foreign Investment Agency (Ministry of Finance), India currently has 378 active projects in Vietnam with a total investment of over US$1 billion, focusing on sectors such as energy, mineral processing, agricultural processing, information technology, automotive components, pharmaceuticals, hotels, and infrastructure. Conversely, Vietnam has invested approximately US$28.6 million in India in the consumer goods, electronics, construction, information technology, and pharmaceutical sectors.
Notably, in 2024, VinFast announced a $2 billion investment in an electric vehicle factory in Tamil Nadu, with Phase 1, worth of $500 million, launching electric vehicles in 2025. In December of 2025, Vingroup further signed a Memorandum of Understanding with the Government of Telangana for a planned $3 billion investment, implemented in phases to develop a multi-sector ecosystem in the state. These large-scale projects create new momentum for bilateral investment and trade cooperation.
With the high economic growth of both countries, complementary market needs, and impetus from high-level visits and multilateral forums, trade between Vietnam and India 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 Vietnamese Trade Office in India remained committed to continuing its partnership with and support for businesses, promoting trade and investment connections, and elevating economic relations between Vietnam and India to a new level.
CK
Source: VITIC/ thuehaiquan.tapchikinhtetaichinh.vn