Summary:

Following discussions between Prime Minister Narendra Modi and President To Lam in New Delhi, India and Vietnam decided to strengthen their partnership and established a $25 billion trade objective by 2030. Defense and security, commerce and investment, atomic and renewable energy, research and technology, marine cooperation, space, and people-to-people exchanges were all discussed. For more economic participation, both nations upgraded their relationship to an Enhanced Comprehensive Strategic Partnership. Thirteen Memorandums of Understanding pertaining to rare earth minerals, digital payments, healthcare, tourism, education, culture, and academic collaboration were inked. With bilateral trade already at $16 billion, India and Vietnam have committed to strengthen resilience supplies, promote My Son Temple Center, link UPI with Vietnam payment systems, and increase agricultural trade.

Source: IBEF

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.