Vietnamese, Indian Prime Ministers hold talks

They engaged in talks in New Delhi on January 24 during PM Nguyen Xuan Phuc's trip to attend the ASEAN-India Commemorative Summit and a ceremony celebrating the 69th anniversary of Republic Day of India.

Both sides said that activities during the Friendship Year 2017 contributed to promoting the two countries' all-around ties, especially in culture, tourism and people-to-people exchanges.

They agreed to regularly maintain all-level visits via the Party, government, National Assembly and local channels and people-to-people exchanges, and to soon hold the next meeting of the ministerial-level Inter-Governmental Committee in the first half of 2018 in order to outline specific measures that will accomplish the Action Programme for the 2017-2020 period. 

In order to achieve the target of US$15 billion in two-way trade by 2020, they asked the Inter-Subcommittee on Trade to convene a meeting early this year to discuss measures, with a focus on stepping up airline and maritime connectivity and gradually removed trade barriers to facilitate exports and imports.

The Vietnamese leader pledged to create favourable conditions for the Indian enterprises to enhance economic and trade links, especially in fields of India's strengths and Vietnam's demand such as infrastructure, information technology, mechanical engineering, energy, and the construction of industrial and high-tech agriculture areas.

Modi asked for Vietnam's support for Indian businesses operating in oil and gas, renewable energy and pharmaceuticals.

PM Phuc spoke highly of non-refundable official developmental assistance and preferential credit that India has provided for Vietnam over the past years. He also thanked India for continuing to supply scholarships to Vietnam.

Modi vowed to enhance Vietnam's capacity via the Indian Technical and Economic Cooperation Programme, the Mekong-Ganga Cooperation, the Quick Impact Projects, actively considered increasing long-term scholarships to Vietnamese students in prestigious Indian universities, as well as helping Vietnam build several vocational training centres.

The two sides consented to working closely together in multilateral forums, particularly within the United Nations framework.

As Coordinator of the ASEAN-Indian relations for the 2015-2018 period, Vietnam is willing to partner with India to increase its multifaceted links with ASEAN, the Vietnamese PM said.

He stated that Vietnam is ready to work with India and other ASEAN member states to step up maritime security coordination in important meetings throughout the region.

Following the talks, the two PMs witnessed the hand-over of cooperation agreements between the Vietnamese Ministry of Information and Communications and the Indian Ministry of Information and Broadcasting, and between the National Remote Sensing Department of Vietnam and the Indian Space Research Organisation.