In a significant step toward enhancing economic cooperation between India and Vietnam, the International Affairs Division of the PHD Chamber of Commerce and Industry (PHDCCI) recently held a high-level meeting with officials from the Embassy of Vietnam in India to discuss strategies for boosting bilateral trade and encouraging greater participation of Indian businesses in Vietnam International Sourcing (VIS) 2026.
The meeting, held on 22 June 2026, brought together senior representatives from both organizations, highlighting their shared commitment to expanding trade relations and creating new opportunities for businesses across diverse sectors. The discussions focused on strengthening commercial ties, facilitating market access, and promoting collaborative initiatives that can benefit companies from both countries.
Representing PHDCCI were Naveen Seth, Deputy Secretary General, and Manisha Singh, Senior Secretary – International Affairs, while the Embassy of Vietnam was represented by Bui Trung Thuong, Trade Counsellor, and Tran Thi Lan Huong, First Secretary. The interaction served as a platform for exchanging views on emerging trade opportunities and exploring mechanisms to deepen business engagement between India and Vietnam.
Focus on Strengthening India-Vietnam Trade Relations
India and Vietnam have witnessed growing economic cooperation in recent years, supported by strong diplomatic ties and expanding trade volumes. Both countries have emerged as important economic partners in the Asia-Pacific region, with increasing collaboration in manufacturing, agriculture, technology, pharmaceuticals, textiles, engineering, and consumer goods.
During the meeting, participants emphasized the need to further strengthen bilateral trade relations by facilitating business-to-business interactions and creating platforms where companies can identify new suppliers, buyers, and strategic partners. The discussions underscored the importance of trade diversification and the role of international sourcing events in connecting businesses with global markets.
Officials from both sides acknowledged that the evolving global trade landscape presents significant opportunities for Indian and Vietnamese companies to collaborate in supply chain development, export promotion, and investment partnerships. As businesses increasingly seek to diversify sourcing destinations and strengthen supply chain resilience, Vietnam has emerged as a preferred manufacturing and export hub within Southeast Asia.
Vietnam International Sourcing 2026 to Showcase Export Opportunities
A key focus of the discussions was the promotion of Vietnam International Sourcing 2026 (VIS 2026), one of Vietnam’s most prominent international sourcing and trade promotion events. The exhibition is scheduled to take place from 3–5 September 2026 at the Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City.
VIS 2026 is expected to attract buyers, sourcing professionals, importers, distributors, retailers, and business leaders from around the world. The event will provide a comprehensive platform for connecting international buyers with Vietnamese manufacturers and exporters across multiple industry segments.
According to organizers, the upcoming edition will feature more than 600 Vietnamese manufacturers and exporters, presenting over 12,000 export-ready products. The exhibition will showcase a wide range of product categories, offering international buyers access to Vietnam’s growing manufacturing capabilities and competitive export offerings.
The event aims to facilitate direct engagement between suppliers and buyers, enabling participants to explore new sourcing opportunities, negotiate partnerships, and establish long-term business relationships. It is also expected to serve as a gateway for companies seeking to expand their presence in the ASEAN market and strengthen regional supply chain networks.
PHDCCI Encourages Indian Business Participation
During the meeting, PHDCCI expressed strong interest in promoting participation by Indian businesses at Vietnam International Sourcing 2026. The chamber highlighted the potential benefits of the event for Indian importers, exporters, sourcing professionals, and business leaders looking to diversify their supplier networks and explore new international markets.
PHDCCI reaffirmed its commitment to supporting initiatives that encourage trade collaboration between Indian and Vietnamese enterprises. These efforts include facilitating business delegations, promoting networking opportunities, organizing business matchmaking sessions, and assisting companies in identifying strategic partners.
The chamber believes that greater participation by Indian companies at VIS 2026 can help strengthen commercial relationships while opening new avenues for trade and investment. By engaging directly with Vietnamese manufacturers and exporters, Indian businesses can gain access to competitive products, innovative solutions, and emerging market opportunities.
Expanding Business Opportunities Across ASEAN
The discussions also highlighted the growing importance of ASEAN as a strategic region for Indian businesses seeking international expansion. Vietnam, in particular, has become one of Southeast Asia’s fastest-growing economies and an increasingly attractive destination for manufacturing, sourcing, and investment activities.
As global companies continue to diversify their supply chains, Vietnam has positioned itself as a key production and export center, supported by strong industrial infrastructure, favorable trade agreements, and a competitive business environment. Events such as Vietnam International Sourcing provide a valuable platform for companies looking to capitalize on these opportunities.
Indian businesses participating in VIS 2026 will have the opportunity to engage with suppliers from multiple sectors, evaluate new sourcing options, and gain insights into emerging market trends. The exhibition will also facilitate direct interaction with international buyers and industry stakeholders, creating opportunities for collaboration beyond bilateral trade.
Strengthening Economic Partnerships for Future Growth
The meeting between PHDCCI and the Embassy of Vietnam reflects the growing momentum in India-Vietnam economic relations and the shared commitment of both countries to fostering stronger business connectivity. By promoting platforms such as Vietnam International Sourcing 2026, both sides aim to support trade diversification, enhance market access, and encourage cross-border investment opportunities.
As India and Vietnam continue to deepen their economic partnership, initiatives focused on business engagement, sourcing collaboration, and international trade promotion are expected to play a critical role in driving future growth. Vietnam International Sourcing 2026 is set to serve as an important platform for connecting businesses, strengthening commercial ties, and unlocking new opportunities across the rapidly expanding ASEAN region.
