India-Vietnam Bilateral Trade and Investment Relations: An Empirical Analysis

The relations between India and Vietnam have been strengthening in both social and economic aspects. The bilateral trade and investment relations between the two countries are on an upward trend. In this context, the present paper analyzes the trade intensity between India and Vietnam and provides an overview of the investment relations. The study also examines the impact of the host country's GDP and exchange rate on the home country's export level for both India and Vietnam using the Multilayer Perceptron Neural Network technique of Artificial Neural Network. The main findings of the study show that before 2017, India's exports are more intensive than imports with Vietnam and Vietnam's imports are more intensive than exports with India. However, since 2017, this trend is slightly reversed and Vietnam's exports are more intense than imports with India. Furthermore, it is found that the host country's GDP and exchange rate have a significant impact on India and Vietnam's bilateral exports.