Southeast Asia / Market profile
A research starting point for understanding Vietnam from an Indian business perspective.
Last updated: 4 October 2026
VietnamIndia-focused research
Source: Time.is
View sourceKey indicators for the selected market. Country indicators are dated; trade figures use the latest available year.
100.99M
2024
World Bank
View sourceUS$476.32B
2024
World Bank
View source7.0%
2024
World Bank
View sourceUS$325.44B
2023
WTO Tariff & Trade Data, UN Comtrade
View sourceWorld Bank population, GDP and growth refer to 2024. The fetched WTO profile reports merchandise imports for 2023, excluding services. A newer import total has not been verified in this review. Generic research prompts are not country-specific regulatory findings.
Last verified: 4 October 2026
Data years: Population: 2024; GDP: 2024; GDP growth: 2024; Import market size: 2023
Historical exports and leading recorded products, not a forecast of demand.
US$5.48B
-8.1% YoYIndia exports to Vietnam (2024)
Source: CEPII BACI HS17 via India Trade Routes
Recorded route summary
India recorded exports to Vietnam in every BACI year from 2017 to 2024. In 2024, India's exports to Vietnam were $5.48B, down 8.1% year over year. The 3 largest HS6 products by value were Meat: of bovine animals, boneless cuts, frozen (HS 020230, $594.9M, 10.9% of the total); Crustaceans: frozen, shrimps and prawns, excluding cold-water varieties, in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water (HS 030617, $241.5M, 4.4% of the total); Aluminium: unwrought, (not alloyed) (HS 760110, $207.3M, 3.8% of the total).
HS6 020230
HS6 030617
HS6 760110
Four research lenses to understand the market, not a recommendation to enter it.
Vietnam recorded US$325.44B of merchandise imports in the WTO profile's 2023 data. Verify newer and product-specific evidence before drawing demand conclusions.
Source: WTO Tariff & Trade Data, UN Comtrade (2023)
View sourceCheck the linked evidence and its date before acting.
Review product fit, delivery capacity, localisation and customer support.
This research guidance has no linked supporting evidence yet.
Check AITIGA schedules and rules of origin for the actual product; agreement coverage does not guarantee eligibility.
Source: India Ministry of Commerce
View sourceCheck the linked evidence and its date before acting.
Assess staffing, location, operating responsibilities and costs before committing.
This research guidance has no linked supporting evidence yet.
Choose a research focus. No sector has been established as an opportunity in this country.
Possible routes to evaluate, not recommendations for this country.
Evaluate contracting, fulfilment and customer support responsibilities.
01Indian business
02Entry route
03Buyer or partner
04Local operations
05Expansion
Check these against your product, HS code and business model.
What to check
Define buyers and test demand with current product-specific evidence.
What to check
Verify classification, tariffs, restrictions, documentation and importer responsibilities.
What to check
Check the applicable schedule, origin rules and documentary requirements.
What to check
Verify the regulator and activity or product permissions.
What to check
Obtain current transaction-specific guidance; tax rates and obligations remain unverified in this profile.
What to check
Compare costs, control, obligations and delivery requirements without assuming a recommended route.
Verify current requirements with the relevant authority before acting. This is not legal or tax advice.
Verify incorporation, investment and activity approvals; country-specific operational requirements remain pending verification.
Verify incorporation, investment and activity approvals; country-specific operational requirements remain pending verification.
Verify classification, documentation and product restrictions with the relevant authority.
Verify classification, documentation and product restrictions with the relevant authority.
Verify entity and transaction tax obligations with the relevant authority and qualified advisers.
Verify entity and transaction tax obligations with the relevant authority and qualified advisers.
Verify applicable privacy, processing and sector requirements.
Verify applicable privacy, processing and sector requirements.
Verify conformity, standards, labelling and approvals for the actual product.
Verify conformity, standards, labelling and approvals for the actual product.
Identify the relevant regulator and confirm activity permissions.
Identify the relevant regulator and confirm activity permissions.
Explore sourced bilateral information relevant to Indian businesses.
No institutional endorsement or partnership is implied.
VietnamExplore recorded exports and products in the trade section above.
View trade dataIndia's Ministry of Commerce lists Vietnam among ASEAN members and records AITIGA entry into force on 1 January 2010. Verify schedules and origin requirements.
Source: India Ministry of Commerce
India's Ministry of Commerce lists Vietnam among ASEAN members and records AITIGA entry into force on 1 January 2010. Verify schedules and origin requirements.
Use the source and its scope to guide further research; no relationship or tariff entitlement is implied.
Source: India Ministry of Commerce
Last verified: 4 October 2026
View sourceThe Indian Embassy in Hanoi provides official bilateral resources. No institutional endorsement or partnership is implied.
Source: Indian Embassy Hanoi
The Indian Embassy in Hanoi provides official bilateral resources. No institutional endorsement or partnership is implied.
Use the source and its scope to guide further research; no relationship or tariff entitlement is implied.
Source: Indian Embassy Hanoi
Last verified: 4 October 2026
View sourceIdentify potential partners through further research. No relationship is implied.
Identify potential partners through further research. No relationship is implied.
Use the source and its scope to guide further research; no relationship or tariff entitlement is implied.
Consult the Indian Embassy's official resources and verify their scope for the proposed activity.
Source: Indian Embassy Hanoi
Consult the Indian Embassy's official resources and verify their scope for the proposed activity.
Use the source and its scope to guide further research; no relationship or tariff entitlement is implied.
Source: Indian Embassy Hanoi
Last verified: 4 October 2026
View sourceIdentify the product and HS code, verify current buyer evidence, origin eligibility, imports, licensing, standards and taxes, then compare routes.
Understand the market
Identify relevant sectors
Assess your readiness
Evaluate entry routes
Identify partners
Build an expansion plan
Discover → Prepare → Connect → Expand
Source and research starting points for this country briefing.
Start with your business context before drawing conclusions about a market.
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