India, Vietnam ink three MoUs on nuclear, economic and trade cooperation

Vietnam President on 3 day visit to India
Vietnam President Tran Dai Quang Arrives in Delhi on Three-day Visit
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04 March, 2018

India and Vietnam on Saturday inked three Memorandum of Understandings (MoUs), including on cooperation between the Global Centre for Nuclear Energy Partnership, India (GCNEP) and the Vietnam Atomic Energy Institute (VINATOM), after talks between Prime Minister Narendra Modi and Vietnamese President Tran Dai Quang.

Stating that defence and security is an important pillar of the strong bilateral ties, he said that the all defence services of the two nations enjoy close cooperation and it was decided in the talks to increase cooperation in defence production.

Regarding defense cooperation, the Prime Minister emphasized that both sides made a decision to collaborate through technology transfer.

In January this year, the Chinese Foreign Ministry reacted to the Vietnamese Ambassador's invitation to India for more joint exploration projects in areas it claims, by saying that they must not be used as an "excuse to infringe upon China's legitimate rights and interests in the South China Sea and impair regional peace and stability".

The Vietnamese President will also have an interaction with prominent Indian businessmen.

The two sides also resolved to harness the potential of trade, minimise barriers and facilitate exports to bring the two way trade to United States dollars 15 billion by 2020, which is now around USD 10 billion.

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Also on March 2, President Quang, his spouse and the Vietnamese delegation visited Viet Nam Phat Quoc tu (Vietnam Bouddha Bhumi Vihara), the first Vietnamese temple in Bodh Gaya.

EAM Sushma Swaraj has met Tran Dai Quang and discussed ways to strengthen India's comprehensive strategic partnership by expanding cooperation across all sectors.

In an endeavour towards bolstering bilateral ties, India and Vietnam on Saturday made a decision to enhance cooperation in defence production among other sectors, Prime Minister Narendra Modi said.

Vietnamese President, who is on a three-day visit to India, arrived here on late Friday evening.

Modi said the two sides had extensive dialogue on all aspects of bilateral relationship and noted that Vietnam has played an important role in India's Act East policy framework and its cooperation with the ASEAN bloc.

He said that Vietnam and India have long-standing cultural and religious connections with Buddhism having been introduced to Vietnam thousands of years ago and becoming an essential part of Vietnamese life.


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