Cargo Breaking News
Ahead of FIATA World Congress, set to be held from October 6 to 10, 2025, in Hanoi, Vietnam Logistics Business Association (VLA) conducted virtual session of B2B ‘Matching Online Towards’ FIATA World Congress 2025 Initiative, with the purpose of connecting businesses and creating new opportunities for VLA members and international partners. The Air Cargo Agents Association of India (ACAAI) was invited to collaborate and discuss opportunities for connection, cooperation and business expansion for members of both sides, contributing to promoting trade between Vietnam and India in the coming time. Nguyen Duy Minh, Vice President of VLA said, “India is currently one of Vietnam’s top strategic economic partners. Bilateral trade between Vietnam and India has grown significantly in recent years, reaching over USD 15 billion in 2022, and is expected to further expand with the goal of hitting USD 20 billion in the near future. India is a key market in sectors such as pharmaceuticals, agricultural products, textiles, chemicals, and especially logistics and supply chain services. At the same time, Vietnam is becoming an increasingly important manufacturing and investment destination for Indian enterprises. There is a growing interest from Indian companies to enhance their footprint in Vietnam, particularly in logistics infrastructure, port development, and cold chain logistics.” Dinesh Krishnan, Chairman, ACAAI Southern Region also said, “India and Vietnam have longstanding trade and economic relations which have steadily grown over a period of time. From a meagre US$200 million in the year 2000, bilateral trade grew to April 2024 – March 2025 reached US$ 15.76 billion, registering an increase of 6.40 percent year on year. In FY 2024-2025, Vietnam is India’s 20th largest trading partner and 15th largest export destination globally. India is Vietnam’s 8th largest trading partner, the 7th largest export market and the 10th largest import source. In Financial Year 2024-2025, key items of exports from India to Vietnam include frozen bovine meat, fishery products, machinery and equipment, electrical equipment, auto component, pharmaceutical and API, chemicals, ordinary metals, cereal, cotton, animal fodder and gems & jewellery. Key items of imports into India from Vietnam were electronic equipment, telecom equipment, machinery and mechanical appliances, iron and steel, ordinary metals, chemicals, article of plastic, products of steel, footwear, garment, textile materials, wood, rubber, coffee, etc.”
