With an aim to strengthen bilateral cooperation between India and Vietnam, the All India Association of Industries and the M. Visvesvaraya Industrial Research and Development Centre organised a roundtable meeting with the delegation from Ho Chi Minh City to discuss business and investment opportunities.
Addressing the gathering in Mumbai today, Maharashtra’s Minister of State for Finance, Mr. Ashish Jaiswal, said Maharashtra’s strength lies in its unmatched infrastructure facilities and seamless logistics connectivity, making it one of the most attractive investment destinations in India. Inviting the Vietnamese companies to invest in emerging sectors such as green hydrogen,bamboo-based industries and steel manufacturing, Mr. Jaiswal said Maharashtra is keen to develop dedicated infrastructure, specialized IT parks, and advanced data center ecosystems for Vietnamese companies in Maharashtra.
The Standing Vice Chairman of the Ho Chi Minh City People’s Committee, Mr. Nguyen Loc Ha, said Ho Chi Minh City and Mumbai can strengthen collaboration in sectors such as logistics infrastructure, urban connectivity, megacity governance, smart transportation, sustainable energy, waste management, healthcare, education, tourism, and disaster prevention.
Stating that bilateral trade between India and Vietnam crossed 16 billion US dollars in FY 2025-26, President of the All India Association of Industries, Dr. Vijay Kalantri, said trade between the two nations can reach 30 billion US dollars by 2030 through enhanced cooperation in sectors such as data centers, information technology, artificial intelligence, textiles, and agro-processing. Dr. Kalantri further invited the Vietnamese delegation to establish its first Coffee Diplomacy Center at the World Trade Center in Mumbai as a symbol of cultural and business engagement.
The roundtable concluded with a strong commitment to build a future-orientated economic relationship driven by innovation, sustainability, infrastructure development, and people-to-people cooperation between India and Vietnam.
