India is a large trading market, but the relationship with Vietnam in the past few years has not yet met the potential and expectation of both nations. Developing trade relationship with India is of great importance in the integration process of Vietnam. Within the article, the author has studied features of Indias trade, and comprehensively analyzed the situation of Vietnam - India trade relationship in the last few years to evaluate the achievements, problems and reasons. Moreover, the author has also made some recommendations to take advantage of developing Vietnam - India trade relationship to meet the target of USD 7 billion turnover by 2015 as agreed by two countries. The bilateral trade relationship discussed in the article only covers goods trading relation.