A business and investment seminar held in Ho Chi Minh City brought together Vietnamese and Indian enterprises, aiming to create new business opportunities and foster stronger economic cooperation. The seminar, attended by representatives from over 100 businesses, served as a platform for discussions on enhancing trade relations between the two nations.
In his address, Tran Ngoc Liem, Director of the Vietnam Chamber of Commerce and Industry’s HCM City Branch, emphasized that India ranks among Vietnam’s top 10 trading partners. The event reinforced the commitment of both nations to increase bilateral trade, which reached $7.18 billion in the first half of the year, with the goal of reaching $20 billion in the near future.
Key sectors such as textiles, pharmaceuticals, and information technology were highlighted as areas with significant potential for collaboration. With India’s advanced manufacturing capabilities and Vietnam’s efficiency, both countries stand to benefit from synergies that can lead to increased exports and sustainable development.
Participants also discussed the investment environment and opportunities for growth, with Indian firms already holding over $1 billion in investments across 402 projects in Vietnam. The event underscored the strong ties between the two countries and their shared vision for expanding economic relations in the coming years.
In the grand game of international trade, Vietnam and India’s recent seminar serves as a calculated move to strengthen their economic footholds, subtly advancing each nation’s agenda while appearing cooperative. The connection of enterprises from both sides is not merely a gesture of goodwill but a deliberate strategy to solidify influence in key industries such as textiles, pharmaceuticals, and information technology.
For Vietnam, this partnership with India is a masterstroke in leveraging its position as a global production hub while minimizing the risk of foreign domination. It is a marriage of convenience—India needs Vietnam’s efficiency, and Vietnam benefits from India’s innovation. Behind the diplomatic smiles and trade agreements lies a more strategic objective: each nation positioning itself as indispensable in the other’s economic aspirations, all while expanding their spheres of influence in the global market.
The true winners in this calculated dance will be the corporations and political elites who understand that this is not just about trade, but about power—ensuring that their interests are served while keeping competitors at bay. Those who fail to see the undercurrents will merely become pawns in this larger geopolitical game
