Supporting in the auto supporting industry, Indian businesses consider investing in Vietnam

As the 6th largest economy in the world, India's total investment capital (FDI) into Vietnam only accounts for 0.2% of the total FDI that 139 countries and territories have invested in Vietnam. The opportunity to promote cooperation and investment between the two sides is the greatest in the context of Vietnam promoting FDI inflows into the automotive supporting industry...

Statistics from the Foreign Investment Agency show that Vietnam has investment relations with 139 countries and territories with more than 35,000 valid investment projects, with a total investment capital of over 420 billion USD. Only in the first 7 months of 2022, the total registered FDI capital reached 15.54 billion USD, disbursed FDI capital was 11.57 billion USD, up more than 10.2% over the same period last year.

“As the 6th largest economy in the world and in the future is forecasted to surpass Japan to become the 2nd largest economy in Asia, India's total investment capital accounts for only 0.2% of total FDI. into Vietnam. This figure shows that investment cooperation between the two countries still has a lot of potential to explore and is not commensurate with the particularly friendly relationship between the two countries.