India and Vietnam announce a trade roadmap aimed at increasing bilateral commerce to $25 billion by 2030. Multiple outlets report that Prime Minister Narendra Modi says the target builds on recent growth in trade between the two countries. According to the reports, India–Vietnam bilateral trade reaches about $16 billion in the Indian fiscal year that ended in March 2026, and Modi describes this as a more than doubling over the past decade. NDTV adds that the two leaders issue a joint press statement outlining measures intended to boost market access and expand trade volumes, indicating a coordinated approach rather than a standalone goal. The Economic Times and Business Standard similarly frame the announcement as an effort to scale up trade steadily through 2030. Free Malaysia Today also echoes the same figures and the political commitment to the target. While details of the roadmap are described broadly across the coverage, the shared message is that both governments treat the $25 billion target as a formal objective supported by specific steps to facilitate greater trade flows.
India and Vietnam set trade target of $25 billion by 2030
India and Vietnam announce a trade roadmap aimed at increasing bilateral commerce to $25 billion by 2030. Multiple outlets report that Prime Minister Narendra Modi says the target builds on recent gro...
- India and Vietnam target $25 billion in bilateral trade by 2030.
- Bilateral trade is reported at about $16 billion in India’s fiscal year ending March 2026.
- Prime Minister Narendra Modi says trade has more than doubled over the past decade.
- India and Vietnam issue a joint press statement on a trade roadmap.
- The roadmap focuses on steps to enhance market access and increase trade volume.
Delivering a joint press statement, the Prime Minister highlighted the specific measures taken to enhance market access and trade volume.
3 months agoPrime Minister Narendra Modi said bilateral trade between the two nations has doubled in the last decade and reached US$16 billion.
3 months agoTrade between India and Vietnam crossed $16 billion in the Indian fiscal year that ended in March 2026
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