The Indian corporate sector has a growing interest in investing in and doing business with Viet Nam. They are investing in many sectors, including solar energy.
Though trade between India and Viet Nam in basic chemicals, cosmetics, dyes, and paper products has grown significantly, there is still huge untapped potential.
India is strong in fibre and yarn production and Viet Nam is dependent on import of feedstock for its textile industry, and so they could both benefit by co-operation.
Trade in paper between Viet Nam and India is quite low and there is significant potential for growth, a meeting between Indian and Vietnamese paper companies heard in HCM City on February 9.