Indian investment in Vietnam has gained notable momentum in recent years with 503 current valid projects worth over $1.17 billion, according to the Foreign Investment Agency under the Ministry of Finance.
In the first three months of 2026, Indian investors launched 30 new projects worth more than $95.2 million—an eightfold increase compared to the same period last year, when newly registered capital stood at just over $10.7 million.
Indian capital has largely been channelled into sectors where its firms hold competitive advantages, including manufacturing and processing, electricity production and distribution, and mining. This has helped establish a steady presence in several key industries.
Notable projects include the $94.5 million Son Hoa sugar plant in central Dak Lak province, invested by KCP Group, a $90 million instant coffee processing facility by Ngon Coffee Co., Ltd. (under CCL Products), and the nearly $72 million Infra 1 solar power plant in central Khanh Hoa province, developed by Shapoorji Pallonji Group.
Although most projects remain modest in scale, the presence of major Indian corporations such as Tata Group, KCP, CCL Products and HCL Technologies reflects a growing trend of expansion, particularly in agro-processing, information technology and energy.
Beyond existing investments, Vietnam is attracting increasing interest from leading Indian firms. In early April, a business delegation from the Confederation of Indian Industry visited Vietnam to explore new opportunities in infrastructure, energy, IT, manufacturing, high-tech agriculture and supply chains.
Bilateral trade has also seen steady growth, reaching $16.46 billion in 2025, up 10.5% year-on-year. Both countries are now working toward a target of $20 billion in the near future.
Google translate