Trade between India and Vietnam can touch $20 billion, says Vietnam’s PM Pham Minh Chinh
4 months, 3 weeks ago

Trade between India and Vietnam can touch $20 billion, says Vietnam’s PM Pham Minh Chinh

Live Mint  

New Delhi: Vietnamese Prime Minister Pham Minh Chinh on Wednesday sought closer cooperation between both countries in semiconductor technology innovation among other areas. Pham Minh Chinh, who is on a three-day visit to India, said Vietnam is a key partner in India’s Act East policy and acknowledging the role played by both governments in facilitating business between the regions. “ Countries have always met each other with mutual support for comprehensive strategic cooperation across the supply chain, strategic resources, climate action, environmental technology and human resources, defence, and security,” Pham Minh Chinh said while addressing the Vietnam-India Business Forum organised by industry body FICCI. Pham Minh Chinh, who will receive a ceremonial welcome on 1 August at Rashtrapati Bhavan, is expected to discuss bilateral with his Indian counterpart, Prime Minister Narendra Modi.

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History of this topic

India faces high exposure to US trade policy shift
2 weeks, 4 days ago

India faces high exposure to US trade policy shift

Deccan Chronicle  

Chennai: India will be one of the key economies that are most exposed to a potential trade policy shift in the US under the new regime. The 2025 trade outlook is clouded by potential US policy shifts, including broader tariffs that could disrupt global value chains and impact key trading partners, said UNCTAD in its global trade update. This 3.3 …

China-Vietnam dialogue held in Chongqing on boosting business, trade ties
1 month, 2 weeks ago

China-Vietnam dialogue held in Chongqing on boosting business, trade ties

China Daily  

A dialogue on cooperation in China-Vietnam business, trade and logistics is held in Chongqing's Nan'an district on Friday. As of Oct 30, the China-Vietnam freight trains passing through Chongqing have operated in both directions a total of 132 trips, carrying a combined total of 4,224 standard containers with a cargo value of 1.01 billion yuan. In the first three quarters …

China-Vietnam dialogue held in Chongqing on boosting business, trade ties
1 month, 2 weeks ago

China-Vietnam dialogue held in Chongqing on boosting business, trade ties

China Daily  

A dialogue on cooperation in China-Vietnam business, trade and logistics is held in Chongqing's Nan'an district on Friday. As of Oct 30, the China-Vietnam freight trains passing through Chongqing have operated in both directions a total of 132 trips, carrying a combined total of 4,224 standard containers with a cargo value of 1.01 billion yuan. In the first three quarters …

Beijing, Hanoi vow to advance traditional ties
4 months ago

Beijing, Hanoi vow to advance traditional ties

China Daily  

By Cao Desheng | China Daily | Updated: 2024-08-20 07:12 Xi Jinping, general secretary of the Communist Party of China Central Committee and Chinese president, and To Lam, general secretary of the Communist Party of Vietnam Central Committee and Vietnamese president, attend a welcoming ceremony in Beijing on Monday for the Vietnamese leader before their talks at the Great Hall …

Neighbors' adhering to socialist path is right way to build community with a shared future: China Daily editorial
4 months ago

Neighbors' adhering to socialist path is right way to build community with a shared future: China Daily editorial

China Daily  

This aerial photo taken on Sept 9, 2023 shows a view of the port of the Friendship Pass in Pingxiang, South China's Guangxi Zhuang autonomous region. It is undoubtedly a common expectation of Beijing and Hanoi that the ongoing visit to China of To Lam, general secretary of the Communist Party of Vietnam Central Committee and president of Vietnam, can …

Neighbors' adhering to socialist path is right way to build community with a shared future: China Daily editorial
4 months ago

Neighbors' adhering to socialist path is right way to build community with a shared future: China Daily editorial

China Daily  

This aerial photo taken on Sept 9, 2023 shows a view of the port of the Friendship Pass in Pingxiang, South China's Guangxi Zhuang autonomous region. It is undoubtedly a common expectation of Beijing and Hanoi that the ongoing visit to China of To Lam, general secretary of the Communist Party of Vietnam Central Committee and president of Vietnam, can …

India, Vietnam to bolster security cooperation, enhance trade
4 months, 3 weeks ago

India, Vietnam to bolster security cooperation, enhance trade

Hindustan Times  

India and Vietnam agreed on Thursday to bolster defence cooperation for greater stability in the Indo-Pacific and to redouble efforts for freedom of navigation and overflight in the South China Sea in the face of China’s assertive actions in the region. Following talks between Prime Minister Narendra Modi and his visiting Vietnamese counterpart Pham Minh Chinh, the two sides also …

India, Vietnam Forge Stronger Ties with $300M Aid and Defence Pact
4 months, 3 weeks ago

India, Vietnam Forge Stronger Ties with $300M Aid and Defence Pact

Deccan Chronicle  

Both leaders adopted a plan of action to strengthen the comprehensive strategic partnership between the nations from 2024-28, which was among the nine pacts inked on the day. In his remarks, the Vietnamese PM said his country shared a "special bond" with India and referred to the "high level of political trust" between the two nations while calling for "deeper …

India offers $300 million loan to build up Vietnam's maritime security, saying it is a key partner
4 months, 3 weeks ago

India offers $300 million loan to build up Vietnam's maritime security, saying it is a key partner

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy India on Thursday offered a …

'Vietnam Our Important Partner In Act East Policy, Indo-Pacific Vision': PM Modi
4 months, 3 weeks ago

'Vietnam Our Important Partner In Act East Policy, Indo-Pacific Vision': PM Modi

News 18  

India and Vietnam on Thursday firmed up a new action plan to expand their strategic ties, with Prime Minister Narendra Modi asserting that both sides will work towards a free and rules-based Indo-Pacific and that New Delhi supports development and not “expansionism”. After his wide-ranging talks with Vietnamese Prime Minister Pham Minh Chinh, Modi said the agreed USD 300 million …

India 'not rethinking' on issue of allowing Chinese investment as suggested by Economic survey: Piyush Goyal
4 months, 3 weeks ago

India 'not rethinking' on issue of allowing Chinese investment as suggested by Economic survey: Piyush Goyal

India TV News  

New Delhii: Commerce and Industry Minister Piyush Goyal said on Tuesday that there is no rethinking in the government to support foreign direct investments from China, as was pitched by the Economic Survey recently. India faces two choices to benefit from the 'China plus one strategy' -- it can integrate into China's supply chain or promote FDI from China. China …

What can India learn from countries like Vietnam to become an export giant?
10 months ago

What can India learn from countries like Vietnam to become an export giant?

The Hindu  

Like with the last episode of Business Matters, this one too was triggered by a headline I saw in an article: “India fears losing out to China in smartphone exports race”. This Reuters piece cited IT Minister of State Rajeev Chandrasekhar’s letter dated January 3 to Finance Minister Nirmala Sitharaman expressing fears that India’s high tariffs could be a deterrent …

India’s rival is Vietnam in the game of attracting global manufacturers
10 months, 1 week ago

India’s rival is Vietnam in the game of attracting global manufacturers

Live Mint  

If India wants to build a robust computer and electronics manufacturing industry, it needs to shift focus, fast. The latest reminder of this urgency came last week with a US appeal for New Delhi to make the business environment easier and more transparent to navigate, or keep losing out on foreign direct investment. Though India is getting a lot of …

India-US ties: Beyond fleeting expediencies
10 months, 1 week ago

India-US ties: Beyond fleeting expediencies

Hindustan Times  

As 2024 unfolds, the US and China appear to be dialling down on tensions. Most recently, even as the US, Japan and the ROK held an “informal” trilateral summit during the APEC meeting in San Francisco in November last year, the foreign ministers of the ROK and Japan also met with their Chinese counterparts in Busan later that month. The …

India-China bilateral trade hit a new record in 2023: Envoy
10 months, 2 weeks ago

India-China bilateral trade hit a new record in 2023: Envoy

The Hindu  

India and China trade reached record levels in 2023, said the Chinese envoy to India, indicating that bilateral trade had surpassed 2022 figures despite a slowdown mid-year. Speaking at an event in Delhi celebrating the Chinese New Year, the envoy, Charge D’Affaires Ma Jia said that the growth in trade, to US $136.2 billion went along with other areas of …

India-ASEAN trade deal ill conceived: Goyal
1 year, 4 months ago

India-ASEAN trade deal ill conceived: Goyal

Live Mint  

India-ASEAN trade deal signed under the UPA era is one of the most ill-conceived deals, commerce minister Piyush Goyal said on Thursday at an industry event. India mostly imports capital goods, raw materials and intermediates from Asean, the tariff concessions under the free trade agreements have also been advantageous to many sectors and adversely impacted domestic companies, especially chemicals and …

India’s Jan.-April imports from China rise 4.6% to $37.86 billion
1 year, 6 months ago

India’s Jan.-April imports from China rise 4.6% to $37.86 billion

The Hindu  

India’s imports of Chinese goods have continued to rise in 2023, growing 4.6% in the first four months of the year to cross $37.86 billion. Two-way trade climbed 4.5% from the year-earlier period to reach $44.34 billion at the end of April, data from China’s General Administration of Customs showed. In the first four months of the year, China’s trade …

US Says Committed to Advancing Economic Growth with India
1 year, 8 months ago

US Says Committed to Advancing Economic Growth with India

News 18  

The Biden administration is committed to working together with India in groups like the Quad to advance economic growth and expand bilateral cooperation, the White House has said. “The United States and India have a strong bilateral relationship and that’s including trade as well, trade relationship,” White House Press Secretary Karine Jean-Pierre told reporters at her daily news conference on …

India’s imports from China reach record high in 2022, trade deficit surges beyond $100 billion
1 year, 11 months ago

India’s imports from China reach record high in 2022, trade deficit surges beyond $100 billion

The Hindu  

January 13, 2023 11:00 am | Updated 11:54 am IST - Beijing India’s bilateral trade with China reached a record $135.98 billion in 2022, Chinese Customs data showed on January 13, 2023, driven by surging Indian imports of Chinese goods that were up by more than 21% last year. India’s exports to China, however, fell in 2022, driving an already …

Aakar Patel | If our trade with China can see a rise, why not with our neighbours?
1 year, 11 months ago

Aakar Patel | If our trade with China can see a rise, why not with our neighbours?

Deccan Chronicle  

Reserve Bank governor Shaktikanta Das said last week that the government and the RBI were in discussions with South Asian countries to enable cross-border trade in the rupee. The World Bank says that trade between South Asian nations accounts for only five per cent of the region’s total trade. The World Bank says “border challenges mean it is about 20 …

China’s total trade surplus with India ‘surpasses $1 trillion’
2 years, 2 months ago

China’s total trade surplus with India ‘surpasses $1 trillion’

The Hindu  

The favourable trade balance that China has enjoyed with India, since bilateral commerce began to boom in the early 2000s, has cumulatively exceeded $1 trillion, according to estimates. In 2021, annual two-way trade crossed $100 billion for the first time, reaching $125.6 billion, with India’s imports accounting for $97.5 billion, pegging the imbalance at close to $70 billion. Trade ties …

India, China comprehensive strategic partners of Vietnam: outgoing Vietnamese envoy
2 years, 3 months ago

India, China comprehensive strategic partners of Vietnam: outgoing Vietnamese envoy

The Hindu  

Both India and China are comprehensive strategic partners of Vietnam and “we do not take sides”, said outgoing Vietnamese envoy in India Pham Sanh Chau. On defence cooperation, Mr. Pham said visit of Vietnamese ships to India and participation in multilateral exercise ‘Milan’ happened for the first time. Talking of regional developments including the South China Sea, the envoy said …

Chinese exports to India go up, Indian exports fall sharply in 2022: China data
2 years, 5 months ago

Chinese exports to India go up, Indian exports fall sharply in 2022: China data

Hindustan Times  

BEIJING: Trade between India and China stood at $67.08 billion in the first six months of 2022, rising by 16.5% compared to the same period the year before, latest data from China’s General Administration of Custom showed on Wednesday. While total trade between India and China was $125 billion in 2021, a record high, the deficit between the two countries …

India an important trade and strategic partner: US Trade Representative
2 years, 8 months ago

India an important trade and strategic partner: US Trade Representative

The Hindu  

India is an important trading and strategic partner of the US, a top Biden administration official has told American lawmakers, asserting that despite some sharp differences, the two countries have agreed to work together on various issues, including the market access commitments. It was very important for us as the USTR and for me personally to go to Delhi to …

U.S., India should set bold goals to achieve $500 billion in bilateral trade, says new USIBC president
2 years, 11 months ago

U.S., India should set bold goals to achieve $500 billion in bilateral trade, says new USIBC president

The Hindu  

After achieving enormous progress in their overall relations, the U.S. and India must now set bold goals to take their ties to a new level and achieve the ambitious target of $500 billion in bilateral trade, Atul Keshap, the new president of the influential U.S. India Business Council has said. “I think it’s vitally important that we show that democracies …

India’s trade with China crosses $125 billion, imports near $100 billion
2 years, 11 months ago

India’s trade with China crosses $125 billion, imports near $100 billion

The Hindu  

India’s trade with China in 2021 crossed $125 billion with imports from China nearing a record $100 billion, underlining continued demand for a range of Chinese goods, particularly machinery. Bilateral trade reached $125.6 billion in 2021, with India’s imports from China accounting for $97.5 billion. While a break-up of imports and exports was not immediately available, India’s biggest exports to …

Despite Galwan, India’s trade with China has grown. But there is a shift
3 years, 2 months ago

Despite Galwan, India’s trade with China has grown. But there is a shift

Hindustan Times  

New Delhi : Notwithstanding the ongoing border dispute with China, and efforts to dilute economic linkages and reduce dependence, India’s merchandise trade with China is growing and may cross the $100 billion mark this year. While Indian exports to China have seen an 18.54% year-on-year growth at $10.66 billion in April-August 2021, imports of Chinese goods have surged by over …

India-China trade on course to touch record $100 billion-mark
3 years, 2 months ago

India-China trade on course to touch record $100 billion-mark

India Today  

The India-China trade volume looks set to cross the record figure of USD 100 billion this year as the total has already touched USD 90 billion in the first nine months, despite a chill in bilateral relations due to the continuing military standoff between the two countries in eastern Ladakh. China's total imports and exports expanded 22.7 per cent year …

India, U.S. discuss ways to increase trade
3 years, 4 months ago

India, U.S. discuss ways to increase trade

The Hindu  

A day after Commerce and Industry Minister Piyush Goyal said that hopes of an India-U.S. trade pact are off the table for now, U.S. Chargé D’affaires in India Atul Keshap, spoke to the Indian Minister for over two hours, discussing trade between the two countries. Meanwhile, Mr. Goyal, while speaking at an industry event in Mumbai on Thursday, had said …

India-China trade grows 62.7% in 1st half of year, crosses $57 billion
3 years, 5 months ago

India-China trade grows 62.7% in 1st half of year, crosses $57 billion

India Today  

The China-India bilateral trade in the first half of the year totalled USD 57.48 billion, up 62.7 per cent year on year, perhaps the highest in recent years amid the Ladakh impasse and the COVID-19 pandemic, according to data released by China’s Customs. Though Indian exports to China picked up with 69.6 per cent year on year increase, the trade …

Conclusion of US-India Trade Talks to be Phase 1 of Bilateral Trade Deal: Ambassador Sandhu
4 years, 4 months ago

Conclusion of US-India Trade Talks to be Phase 1 of Bilateral Trade Deal: Ambassador Sandhu

News 18  

Indian Ambassador to the US Taranjit Singh Sandhu on Thursday made a strong case for conclusion of the ongoing trade negotiations which would become the first phase of a comprehensive bilateral trade agreement between the two nations. Bilateral trade between India and the US, which touched USD 150 billion last year, has dropped 25 per cent in the first half …

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