India, Vietnam sign seven agreements during virtual summit

India, Vietnam sign seven agreements during virtual summit

India and Vietnam signed seven agreements for cooperation in areas like defence, petrochemicals and atomic energy and disclosed a joint vision for peace and prosperity against the scene of considerations in each countries concerning China’s aggressive actions across the region.

taking part in an exceedingly virtual summit together with his Vietnamese counterpart Nguyen Xuan Phuc, Prime Minister Narendra Modi delineate Vietnam as “a necessary pillar of India’s Act East policy associate degreed a very important ally of our Indo-Pacific vision”.

“We see our relationship with Vietnam from a long-run and strategic read. Peace, stability and prosperity area unit our common objectives within the Indo-Pacific region. Our partnership will contribute considerably to take care of stability and peace within the region,” Modi aforesaid.

Nguyen Xuan Phuc aforesaid the upgrading of bilateral ties to a comprehensive strategic partnership in 2016 had bolstered trust and bolstered understanding of other’s vision and interests on international problems. He aforesaid the Vietnamese aspect had also united on India’s proposals for an extra defence line of credit.

Modi aforesaid the seven agreements signed by the 2 countries cowl various problems like defence, atomic energy, petrochemicals, renewable energy and treatment of cancer. “We also are taking new initiatives within the space of ​​our development cooperation and cultural conservation. All this shows the growth and potential of our growing mutual cooperation,” he added.

The meeting was command at a time once each countries area unit grappling with China’s aggressive actions within the region. The Asian country is fastened in an exceedingly military standoff with China in Ladakh sector of the road of Actual management (LAC) whereas Vietnam has major variations over Chinese claims at intervals its exclusive economic zone within the South China ocean.

The two leaders free a joint vision document and an inspiration of action for bilateral engagements throughout 2021-23. “This joint vision for peace, prosperity and other people can send a powerful message to the globe concerning the depth of our relationship,” Modi aforesaid.

India’s is presently implementing a $100-million defence line of credit for twelve high-speed patrol boats for Vietnam. The boats being engineered for the Vietnam Border Guard area unit meant to boost coastal security and forestall outlaw activities.

Five vessels area unit being engineered at Larsen & Toubro’s work in Chennai, and also the rest are created at Hong hour angle work within the Vietnamese port town of Hai Phong below the Indian firm’s oversight.

Both countries even have stakes within the Indo-Pacific region and important maritime interests, and also the summit enabled them to seem at potential cooperation on India’s Indo-Pacific Oceans Initiative and Asean’s Indo-Pacific outlook.

India and Vietnam will at the same time function non-permanent members of the UN Security Council from 2021, and this has opened new opportunities for cooperation and coordination on regional and international problems.

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