India–Vietnam Relations → India and Vietnam upgraded ties to an Enhanced Comprehensive Strategic Partnership, targeting $25 billion trade by 2030 while deepening cooperation in defence, maritime security, digital payments, and Indo-Pacific regional stability.
NEWS: India and Vietnam elevated their ties to an Enhanced Comprehensive Strategic Partnership following President to Lam’s state visit, setting a trade target of $25 billion by 2030.
ABOUT
- Vietnamà formally joined the Indo-Pacific Oceans Initiative (IPOI) and signed a UPI linkage agreement for cross-border transactions.
Overview of India-Vietnam Relations
- Vietnamà India’s 4th-largest trading partner in ASEAN, with bilateral trade reaching $16.46 billion in 2025.
- Indiaà mainly exports frozen bovine meat, engineering goods, and pharmaceuticals, while importing electrical and electronic equipment, machinery, and inorganic chemicals.
- The Joint Vision Statement for 2030à Aims to drive joint development of advanced defence platforms.
- India has extended a $500 million defence credit line to strengthen maritime security.
- Joint Exercisesà VINBAX (Army) and Sahyog (Coast Guard).
- Archaeological Survey of India (ASI)à has been restoring My Son Sanctuary, a UNESCO World Heritage Site and a 4th-13th-century Champa Hindu temple complex in Vietnam.
- Rules-based Indo-Pacific order, freedom of navigation, and deeper ASEAN-India and Quad-adjacent cooperation.