New opportunities for Vietnam-India relations

09:00 | 23/03/2018 Cooperation

(VEN) - The visit by President Tran Dai Quang to India in early March is expected to open significant opportunities for the two countries “to promote comprehensive strategic cooperation and propose a roadmap to increase bilateral cooperation in the future,” Indian Ambassador to Vietnam Parvathaneni Harish said at a recent press conference in Hanoi. 

new opportunities for vietnam india relations
Indian Prime Minister Narendra Modi (left) met with Vietnamese President Tran Dai Quang in Vietnam in September 2016 - Photo: REUTERS

According to Ambassador Parvathaneni Harish, this was the fourth visit to India by a Vietnamese President, following a visit by President Ho Chi Minh in 1958, President Tran Duc Luong in 1999, and President Truong Tan Sang in 2011.

During his visit, President Tran Dai Quang held talks with his Indian counterpart Ram Nath Kovind, Indian Prime Minister Narendra Modi, and other leaders. Important agreements were signed to further increase the comprehensive strategic partnership between the two countries, focusing on cooperation in nuclear energy for peaceful purposes, economics and trade, agriculture, security and national defense.

In the framework of the visit, the Vietnamese Ministry of Industry and Trade and the Indian Ministry of Commerce and Industry signed a cooperation agreement to boost economic and trade ties in an effort to raise bilateral trade to US$15 billion by 2020.

Indian data shows that bilateral trade between Vietnam and India has exceeded US$10 billion. Vietnam currently is India’s fourth largest trading partner among ASEAN countries, and India stands among Vietnam’s top ten trading partners.

A Vietnamese business delegation accompanied President Tran Dai Quang to attend a Vietnam-India business forum with the participation of more than 200 businesses from both sides, including Indian companies investing in Vietnam. Ambassador Parvathaneni Harish believes there’s room for economic and trade relations between Vietnam and India to expand. He hopes the presence of the Vietnamese businesses in India during President Tran Dai Quang’s visit will contribute to promoting bilateral cooperation.

The ambassador affirmed agriculture, renewable energy and energy efficiency will be potential areas of bilateral cooperation. The Indian side pledged to help Vietnam diversify its energy sources until 2022. The two sides are considering cooperation in the field of textiles and garments.

In 2017, Vietnam and India celebrated the 45th anniversary of diplomatic relations and the 10th anniversary of their strategic partnership.

According to the Ministry of Foreign Affairs, after visiting India, President Tran Dai Quang and his entourage paid a state visit to Bangladesh from March 4-6 at the invitation of Bangladeshi President Mohammad Abdul Hamid.

Nguyen Huong