{"id":89434,"date":"2026-05-08T00:00:00","date_gmt":"2026-05-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/?p=89434"},"modified":"2026-05-10T11:23:59","modified_gmt":"2026-05-10T11:23:59","slug":"india-vietnam-upgrade-ties-eye-usd-25-bn-in-trade","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/mena-india\/2026\/05\/08\/india-vietnam-upgrade-ties-eye-usd-25-bn-in-trade\/","title":{"rendered":"India, Vietnam upgrade ties; eye USD 25 bn in trade"},"content":{"rendered":"

India<\/strong> and Vietnam are eyeing to scale bilateral trade to USD 25 bn by 2030<\/strong>, following talks between Prime Minister Narendra Modi and Vietnamese President To Lam in New Delhi, as per an External Affair Ministry press release<\/a>. <\/p>\n

Focus areas: <\/strong>Trade between the two countries crossed USD 16 bn<\/a> in FY 2026, lending a base for expansion as both countries look to diversify supply chains amid global disruptions. A set of 13 agreements were inked by the two countries spanning digital payments, healthcare, education and tourism with a nod towards deeper collaboration in rare earth metals and clean energy. <\/p>\n

Why it matters: <\/strong>Vietnam holds the world\u2019s second-largest rare earth reserves<\/a>, and India\u2019s push for economic security through this partnership suggests a move to secure the raw materials necessary for its domestic EV and semiconductor ambitions without relying on Beijing. Vietnam will also join the Indo-Pacific Oceans Initiative as New Delhi seeks to expand trade linkages in Asia and reduce concentration risks in an increasingly volatile global environment.<\/p>\n","protected":false},"excerpt":{"rendered":"

The discussions spanned defence, trade and investment, critical minerals, energy, maritime cooperation and technology<\/p>\n","protected":false},"author":1,"featured_media":89435,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2465],"tags":[2464,2402,2737],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diplomacy","tag-diplomacy","tag-enterpriseam-india","tag-rare-earth","wpautop","entry"],"acf":{"mongo_id":"37520206-a34c-423c-a8e1-d12c5883ad78","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/5\/390.jpg","photo_position":"above","homepage_title":"","full_issue_title":"India-Vietnam eye USD 25 bn trade target by 2030","related_issue":[89422],"teaser":"The discussions spanned defence, trade and investment, critical minerals, energy, maritime cooperation and technology"},"yoast_head":"\nIndia, Vietnam upgrade ties; 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