India and Vietnam have recently agreed to enhance their trade and commerce ties through a new bilateral agreement. This pact aims to boost trade volumes, which currently stand at $14 billion, with a target of $20 billion by 2025. Key areas of focus include increasing exports of Indian pharmaceuticals, agricultural products, and textiles to Vietnam, while Vietnam will enhance its export of electronics and machinery to India. The agreement also outlines plans for improved cooperation in technology and infrastructure sectors. Both countries are optimistic that this partnership will enhance economic growth, create job opportunities, and deepen strategic ties. The move reflects India’s broader strategy to strengthen economic relationships within Southeast Asia.
