India and Vietnam Forge Ahead with $25 Billion Trade Ambition

India aims to achieve $25 billion in trade with Vietnam by 2030, as announced by Prime Minister Modi following talks with Vietnam's President To Lam. New initiatives in critical minerals, rare earths, and energy cooperation are planned to enhance economic security and supply chain resilience.

India is setting its sights on reaching $25 billion in trade with Vietnam by the year 2030. This bold ambition was declared by Prime Minister Narendra Modi after important discussions with Vietnamese President To Lam, who is currently visiting New Delhi for the first time.

The two leaders emphasized new initiatives focusing on critical minerals and rare earths, alongside energy cooperation, aiming to bolster economic security and strengthen the resilience of their supply chains. This move is part of the upgraded 'enhanced comprehensive strategic partnership' between the two nations.

Trade between India and Vietnam surpassed $16 billion in the fiscal year ending in March 2026, marking a significant milestone in their economic relations and setting the stage for future growth.