Key facts
- India and Vietnam are seeking to increase bilateral trade and investment.
- The "China plus one" strategy is a key focus for both nations.
- Both countries aim to capitalize on supply chain diversification trends.
India and Vietnam are actively pursuing strategies to enhance their bilateral trade and investment relationships, with a particular focus on capitalizing on the global "China plus one" trend. This approach involves companies diversifying their supply chains away from China, creating opportunities for other nations to attract manufacturing and trade. Both India and Vietnam are positioning themselves to benefit from this shift, aiming to strengthen their economic ties and foster new avenues for growth.