Opportunities exist for greater cooperation between Vietnam and India
Vietnam and India have been posting bilateral trade growth that is double global GDP growth, creating opportunities for businesses from both countries to work together, H.E. Sandeep Arya, Ambassador of India to Vietnam, told the recent Vietnam-India Interaction in the Electrical and Electronic Sector meeting hosted by Invest Global in cooperation with the Embassy of India in Vietnam. In particular, power generation and the manufacturing of electrical and electronic equipment are crucial sectors driving the economic development of both countries. With Vietnam having recently approved its National Power Development Plan VIII (PDP8), Indian enterprises will have numerous opportunities for trade cooperation in the sector. Analysts have also expressed a belief that with India’s leading position in the fields of electronics, information technology, and AI, Indian enterprises are highly likely to succeed when investing in Vietnam.