InternationalThursday, 7 May 2026·The Hindu
India and Vietnam set $25 billion trade target by 2030 and agree on 2+2 dialogue
India and Vietnam agreed in New Delhi to raise bilateral trade to $25 billion by 2030 and create a 2+2 dialogue mechanism.
Key highlights
Direct fact
In May 2026, India and Vietnam held bilateral talks in New Delhi and agreed to target $25 billion in trade by 2030, while also deciding to establish a 2+2 dialogue mechanism between their Foreign and Defence Ministries.
Key specifics
- The talks were held in New Delhi in May 2026.
- The bilateral trade target is $25 billion by 2030.
- India and Vietnam agreed to a 2+2 dialogue involving Foreign and Defence Ministries.
- Indian grapes and Vietnamese durians received market access.
- India-Vietnam diplomatic relations were established in 1972 and elevated to a Comprehensive Strategic Partnership in 2016.
Exam lens
Question type: international relations and trade, New Delhi, 2030, 1972, 2016. TNPSC may ask the year of diplomatic ties and the new trade target with Vietnam.