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India, Vietnam sign pacts on trade, agriculture and nuclear energy

04 March 2018

President Tran Dai Quang, his spouse and the high-ranking delegation of Vietnam on March 2 visited Bodh Gaya city in the state of Bihar, the first destination in their three-day State visit to India.

MoU on Cooperation between the Global Centre for Nuclear Energy Partnership, India (GCNEP) and the Vietnam Atomic Energy Institute (VINATOM).

He was welcomed by Indian officials including Minister of State for Defence Subhash Ramrao Bhamre, Ambassador to Vietnam Parvathaneni Harish, representatives of the Ministry of External Affairs, and Vietnamese Ambassador to India Ton Sinh Thanh.

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EAM Sushma Swaraj has met Tran Dai Quang and discussed ways to strengthen India's comprehensive strategic partnership by expanding cooperation across all sectors.

India-Vietnam relations, he said, are not only important for the two countries but also for the peace and security of the region.

Quang is on a three-day visit to India, which ends on Sunday.

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Apart from ASEAN, India and Vietnam closely cooperate in other regional forums such as the East Asia Summit, Mekong Ganga Cooperation, Asia Europe Meeting (ASEM) besides the United Nations and WTO.

The remarks assume significance given China's increasing influence in the Indian Ocean region and aggressive attitude in the South China Sea.

Quang said India and Vietnam would strive to raise bilateral trade to $15 billion by 2020. "In our discussions today", Modi said, "we agreed to further strengthen our trade and investment ties, including in fields such as renewable energy, agriculture, textiles, and oil and gas".

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President Quang is also expected to interact with prominent Indian businessmen. Both India and Vietnam have strongly supported the need for rule of law and freedom of navigation and overflight in the region, as outlined in the United Nation Convention of the Law on the Sea (UNCLOS). The Vietnamese President said it was important to respect the diplomatic and legal process in resolution of maritime dispute. The two sides chose to explore co-development projects in defence sector and boost ties in oil and gas exploration, including with third countries.

India, Vietnam sign pacts on trade, agriculture and nuclear energy