The Vietnam–India Business Forum is held within the framework of General Secretary and State President Tô Lâm’s official visit to India from May 5–7.

As part of the official visit to India by General Secretary and State President Tô Lâm and a high-level Vietnamese delegation from May 5–7, 2026, the Vietnam–India Business Forum, jointly organized by the Vietnam Chamber of Commerce and Industry (VCCI) and the Confederation of Indian Industry (CII), is expected to take place on May 7, 2026 with the aim of strengthening business connectivity, expanding investment and trade opportunities, and effectively tapping into the vast cooperation potential between Vietnam and India.

The Vietnam–India Business Forum is expected to be held on the afternoon of May 7 (local time) at the Regal Hall, Trident Nariman Point Hotel in Mumbai, India.

The event is also a meaningful activity marking the 10th anniversary of the Vietnam–India Comprehensive Strategic Partnership (2016–2026). In recent years, Vietnam–India economic relations have recorded many positive developments.

Since establishing diplomatic relations in 1972, and especially after upgrading ties to a Comprehensive Strategic Partnership in 2016, Vietnam and India have continuously strengthened political trust, expanded cooperation across multiple sectors, and achieved many positive outcomes.

Among them, economic and trade cooperation continues to stand out, with bilateral trade turnover growing strongly. Investment, digital technology, textiles, energy, supply chains, and innovation are increasingly being promoted in a more substantive and effective manner.

It is reported that the Vietnamese delegation will include around 200 leading enterprises.

India is currently one of Vietnam’s most important economic partners in South Asia, while Vietnam is India’s leading trading partner within ASEAN.

This clearly demonstrates the high complementarity between the two economies and shows that cooperation potential remains extensive. Beyond trade, investment cooperation between the two countries is also being strongly promoted.

Indian enterprises are increasingly interested in the Vietnamese market, particularly in infrastructure, energy, pharmaceuticals, and technology. Conversely, Vietnamese businesses are gradually gaining access to the Indian market — a market of more than 1.4 billion people with diverse and rapidly growing consumer demand.

Notably, amid the ongoing restructuring of global supply chains, Vietnam and India are emerging as promising partners capable of complementing each other in building resilient supply chains and diversifying markets.

Economic and trade cooperation between Vietnam and India continues to be a bright spot, with bilateral trade turnover growing strongly.

According to experts, bilateral economic relations are currently shifting from a traditional trade model toward long-term production and investment linkages.

Mr. Bùi Trung Thướng, Vietnam’s Trade Counselor in India, noted that the two countries have clear complementary advantages in information technology. Vietnam is emerging as a manufacturing and technology development hub, while India has world-leading strengths in software and digital services.

Therefore, strengthening relations with a highly complementary partner like India will help Vietnamese enterprises improve resilience, diversify markets, and expand long-term development opportunities.

In particular, the Vietnam–India Business Forum is expected to serve as an important bridge to help remove obstacles, enhance transparency of information, and promote more substantive cooperation between the business communities of both countries.

In the context of global economic volatility, strengthening connectivity between developing economies such as Vietnam and India is considered a strategic direction, contributing to the realization of the goal of elevating bilateral trade turnover to a new level in the coming years, while also expanding cooperation into new areas such as innovation, the digital economy, and green transformation.

According to data from the Ministry of Industry and Trade, in the first three months of 2026 alone, bilateral trade turnover between Vietnam and India reached USD 4.8 billion, up 28% compared to the same period in 2025.

Of this, Vietnam’s exports to India reached USD 2.9 billion, up 25% year-on-year, while imports from India totaled USD 1.8 billion, an increase of 34% over the same period in 2025.