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India Vietnam launch 25 billion trade push by 2030 with rare earth and defence MoUs
International
Published on 8 May 2026
Durian imports and QR payments are on the deal sheet
India and Vietnam upgraded ties to an Enhanced Comprehensive Strategic Partnership as President To Lam visited New Delhi. Modi and To Lam set a USD 25 billion bilateral trade target by 2030 and signed 13 MoUs spanning defence, rare earths, digital payments, pharmaceuticals, and emerging tech. The package also moves agricultural access, including durian and grape openings.
- USD 25 billion trade target by 2030 announced by Modi and To Lam
- 13 MoUs cover defence, rare earth cooperation, digital payments, and tech
- Agri market access expands with durian imports and grape openings
- Cross-border QR payment interoperability and new healthcare procurement timelines
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This summarization was done by Beige for a story published on 
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