Prime Minister Modi and Vietnam’s Prime Minister Pham Minh Chen gave a joint press statement in New Delhi today.

New Delhi:

India and Vietnam today adopted an action plan to expand their strategic ties with Prime Minister Narendra Modi pledging to work together for a principle-based Indo-Pacific. New Delhi supports development and not “expansionism” in comments that came amid China’s concerns. Military positioning in the region.

The two sides signed six Memoranda of Understanding (MoUs) and finalized three other documents to expand cooperation in various fields after extensive discussions between PM Modi and Vietnamese Prime Minister Pham Minh Chen. gave

It was also decided that India would provide a USD 300 million credit line to Vietnam primarily to strengthen the Southeast Asian country’s maritime security.

An agreement was signed between the central banks of the two countries to initiate digital payment connectivity.

Prime Minister Chen arrived in New Delhi on Tuesday night on a three-day visit aimed at further expanding the comprehensive strategic relationship between the two countries.

“In our Act East policy and our Indo-Pacific vision, Vietnam is our key partner… We support development, not expansionism (we do not Vasarbad, Vikaswad ka Samrathan),” PM Modi said in his speech. said in a media statement in Hindi.

“We will continue our support for a free, open, principled and prosperous Indo-Pacific,” he said.

PM Modi said that both sides decided to strengthen cooperation to tackle the issues of terrorism and cyber security.

“We believe that ‘Developed India 2047’ and Vietnam’s ‘Vision 2045’ have accelerated development in both countries. This is opening up many new areas of mutual cooperation,” PM Modi said.

“And so, to further strengthen our comprehensive strategic partnership, today we have adopted a new strategy,” he said.

PM Modi said that new steps have been taken for cooperation in the field of defense and security.

The two Prime Ministers also remotely inaugurated the Army Software Park at the University of Telecommunications, Nha Trang. It has been built with development assistance from New Delhi.

PM Modi said the USD 300 million line of credit will strengthen Vietnam’s maritime security.

“We agree that, in order to realize mutual trade potential, the review of the ASEAN-India Trade in Goods Agreement should be completed as soon as possible,” he said.

Vietnam is a key member of the 10-nation ASEAN (Association of Southeast Asian Nations).

“We have decided to focus on green economy and new emerging technology sectors. Each other’s capabilities in energy and port development will be leveraged for mutual benefit,” PM Modi said.

The Prime Minister invited the people of Vietnam to the Buddhist circuit in India. “And we want Vietnamese youth to benefit from Nalanda University as well.” In his remarks, Modi said India-Vietnam relations have “broadened and deepened” over the past decade.

“Over the past 10 years, we have transformed our relationship into a comprehensive strategic partnership. Our bilateral trade has grown by over 85 percent,” he said.

He said that mutual cooperation has expanded in energy, technology and development partnership. Cooperation in the fields of defense and security has gained a new momentum.

PM Modi said, “During the last decade, connectivity has increased. And today we have more than 50 direct flights between us. Along with this, tourism is steadily increasing, and e-visa facility is also available to people. is given.”

(Other than the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

(Translation of tags) India-Vietnam relations



Source link