Vietnam is an attractive destination for Indian businesses

Indian businesses interested in investing in Vietnam

Sharing with reporters of Cong Thuong Newspaper on the sidelines of the India - Vietnam Multi-Industry Business Exchange Forum held on the afternoon of May 12, in Hanoi, Dr. Bui Trong Thoan - Deputy General Director of the International Investment Promotion Alliance (Invest Global) said that recently, many Indian enterprises have come to Vietnam to learn about the investment and business environment.

A delegation of 25 Indian businesses visited Vietnam to seek investment and business cooperation opportunities. Photo: NH

According to Dr. Bui Trong Thoan, the fields that Indian enterprises are interested in investing in Vietnam include: Textiles, infrastructure construction, energy, healthcare, etc. These are also fields that Indian enterprises have experience in and that Vietnam is looking to attract.

Leading a delegation of 25 businesses to Vietnam to seek investment opportunities, Ms. Rekha Sharma - Chairwoman of the International Committee of the Indian Industries Association, Founder of Marketing and Research Support Company (MARS), said: The Indian business delegation to Vietnam this time includes leaders in the fields of healthcare, pharmaceuticals, construction, food processing, mining, AI, information technology, finance, textiles and renewable energy... These businesses all want to build meaningful relationships with Vietnamese partners.

According to Ms. Rekha Sharma, the Indian Industries Association has led many Indian business delegations to Vietnam to seek investment opportunities. Accordingly, Indian businesses are very impressed by the strong development of the Vietnamese economy, Vietnam is becoming an attractive destination for many Indian businesses.

Meanwhile, according to Ms. Nguyen Thi Thu Ha - General Director of the International Investment Promotion Alliance: The delegation of 25 Indian enterprises from many key fields to attend the forum and seek investment opportunities has continued to affirm the attractiveness of Vietnam's investment environment to Indian enterprises.

Ms. Nguyen Thi Thu Ha said that Vietnam is currently in a period of strong transformation, not only expanding the domestic market but also promoting the internationalization of the supply chain, attracting high-quality investment and technological cooperation for sustainable development.

As a bridge between domestic and international enterprises, Invest Global is committed to accompanying the Indian and Vietnamese business communities in seeking investment opportunities, technology transfer, trade promotion, as well as developing innovative cooperation models, suitable to the market needs of each side.

Vietnam has attracted more than 500 billion USD of FDI capital from 150 countries and territories around the world. Illustrative photo

Long-term investment cooperation prospects

According to the report of the Foreign Investment Agency (Ministry of Finance), by the end of April 2025, Vietnam had attracted 441 Indian direct investment projects in Vietnam, with a total registered capital of more than 1 billion USD. With the above results, India ranked 25th out of 150 countries and territories investing in Vietnam.

According to Mr. Bui Trong Thoan, the results of attracting investment from India are not commensurate with the potential of Indian enterprises as well as the opportunities to attract FDI in Vietnam. However, with its superior geographical location, open FDI attraction policy and positive economic growth rate, especially with the advantage of participating in 17 Free Trade Agreements (FTAs), recently, Vietnam has become an attractive destination for Indian investors.

Also appreciating the opportunity for Vietnam to attract investment from Indian enterprises, Mr. Chinpau Ngaihte - Commercial Counselor of the Embassy of India in Vietnam - said that after upgrading the bilateral relationship to Comprehensive Strategic Partnership, trade and investment cooperation between Vietnamese and Indian enterprises has had positive opportunities.

In particular, according to Mr. Chinpau Ngaihte, the prospect of attracting investment between Vietnam and India is also reflected when India is becoming an economy worth more than 3,000 billion USD and Vietnam records stable economic growth. Trade and investment activities between the two countries will be enhanced in the coming years, on the basis of bilateral trade surpassing 15 billion USD in 2024.

Although the prospect of attracting FDI from India is quite positive, however, in an interview with a reporter from the Industry and Trade Newspaper, Mr. Bui Trong Thoan still said that some Indian investors who have come to learn about the investment environment in Vietnam recently reported that they still encounter difficulties in carrying out investment and business procedures in Vietnam.

Accordingly, in order for Vietnam to truly become an attractive investment destination for FDI in general and Indian enterprises in particular, Dr. Bui Trong Thoan said that Vietnam still needs to continue to improve the investment and business environment in an open direction, creating favorable conditions for investors to learn about and implement projects.

By the end of April 2025, Vietnam had attracted 43,020 FDI projects with a total registered capital of 513.8 billion USD. Of which, Indian enterprises have invested in 441 projects in Vietnam, with a total registered capital of more than 1 billion USD, ranking 25th out of 150 countries and territories investing in Vietnam.

Nguyen Hoa

Source: https://congthuong.vn/viet-nam-la-diem-den-hap-dan-cua-doanh-nghiep-an-do-387259.html