India and Vietnam have set a target of reaching $25 billion in bilateral trade by 2030, with both countries looking to deepen economic engagement across sectors.
Speaking on the growing partnership, Prime Minister Narendra Modi highlighted the role of India-Vietnam ties in strengthening supply chain resilience, particularly in the context of shifting global trade dynamics.
The two sides are expected to expand cooperation in areas such as manufacturing, technology, and logistics, alongside efforts to improve market access and reduce trade barriers. Strengthening connectivity and diversifying sourcing strategies are also emerging as key priorities within the partnership.
Bilateral trade between the two countries has seen steady growth in recent years, supported by regional trade frameworks and increasing business engagement. The new target signals an intent to accelerate this momentum while positioning both economies as reliable partners in regional and global supply chains.
