Source: The Economic Times / Photo: The Economic Times 

In terms of investment, India has over 315 active projects in Vietnam with a total investment capital of nearly $ 1 billion ranking 26th out of 141 countries and territories investing in Vietnam. The capital mainly focuses on the processing and manufacturing industries (accounting for 54.5%). In terms of trade, the two-way turnover in the first 10 months of 2021 reached nearly $ 11 billion, up by nearly 40% y-o-y and surpassed the total trade turnover of 2020. India is currently amongst the top 10 biggest trading partners of Vietnam while Vietnam is India's fourth-largest trading partner in ASEAN.

Specifically, India can become a supplier of input materials, for Vietnam in industries such as textiles and garments, shoes and leather, and machine manufacturing; at the same time, creating more favorable conditions for Vietnamese products, such as consumer goods, electronics, agricultural and aquatic products, wood products, rubber, to penetrate deeply into the Indian market. Besides, Vietnam also offers a wide scope for cooperation and mutual support in the fields of textiles and garments...

Full article: https://economictimes.indiatimes.com/news/economy/foreign-trade/indian-industry-inks-12-business-mous-with-vietnam/articleshow/88341327.cms