‘India crucial market for pharma, IT, renewable energy & machinery’

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Ahead of upcoming FIATA RAP Meet in New Delhi in May, Đào Trọng Khoa, President, Vietnam Logistics Business Association (VLA) shared, “The ‘Make in India’ initiative has helped India promote domestic production and attract foreign investment. VLA highly values the trade and investment potential with India, especially given the long-standing traditional friendship between the two nations. Vietnam and India established diplomatic relations in 1972 and elevated ties to a Comprehensive Strategic Partnership nine years ago. India is now one of Vietnam’s top 8 trading partners and its largest trading partner in South Asia, accounting for nearly 80% of Vietnam’s exports to the region. Meanwhile, Vietnam ranks as India’s 17th largest global trading partner and 4th largest within ASEAN.
India’s geographical location makes it a gateway for Vietnamese goods to access South Asian markets, and conversely, Vietnam is seen as a gateway for Indian goods into ASEAN and Vietnam’s trade partner countries. The complementary nature of the two countries’ trade structures is also a major factor behind the rapid and positive development of Vietnam–India economic relations.
The two countries hold great potential for cooperation in IT, pharmaceuticals, machinery, renewable energy, and logistics services. India’s market remains wide open for Vietnamese exports, particularly agricultural products, seafood, and consumer goods.
These are the very reasons why VLA was approved by Vietnam’s Ministry of Industry and Trade to organize a National Trade Promotion Program in India in May 2025—one of its key missions being to participate in the FIATA Region Asia Pacific (RAP) Annual Meeting 2025.”