India and Vietnam Deepen Their Economic and Commercial Cooperation
- Author: Joey Payne Mar 04, 2018,
Mar 04, 2018, 1:42
The same day, President Tran Dai Quang, his spouse, and the Vietnamese delegation visited Viet Nam Phat Quoc Tu, the first Vietnamese Buddhist temple in Bodh Gaya, where he praised the monks' efforts to bring the cultural values of Vietnamese Buddhism to the home of the Buddha. Subsequently, the two side exchanged three MoUs on economic and trade promotion, agriculture, and nuclear cooperation.
Regarding defense cooperation, the Prime Minister emphasized that both sides chose to collaborate through technology transfer.
China has been opposing India's Oil and Natural Gas Corporation (ONGC) exploring oil in areas claimed by Vietnam in the South China Sea (SCS).
President Hamid visited Vietnam in August 2015, Prime Minister Sheikh Hasina in November, 2015 and Speaker of the Jatiya Sangsad Dr Shirin Sharmin Chaudhury in July, 2017. India and Vietnam enjoy warm and cordial relationship with common roots in history.
During the discussions the Congress leaders discussed matters of mutual interest between India and Vietnam, the economic situation and worldwide issues.
The Vietnamese President will also have an interaction with prominent Indian businessmen.
India and Vietnam signed today three agreements, including one for peaceful nuclear cooperation, as part of joint efforts to boost relations in sectors such as defense, energy and agriculture.
He said that both countries respect the UN Convention on the Law of the Sea (Unclos), adding that the Comprehensive Strategic Partnership will continue to be deepened.
The Vietnam President said the two countries would together address "regional security challenges especially in spheres of maritime security and cyber-security".
In their talks, Prime Minister Narendra Modi and Vietnamese President Tran Dai Quang also promised to expand bilateral cooperation in several key sectors, including defence, oil and gas, and agriculture.
Earlier in the day, Modi and Quang discussed ways to enhance cooperation in defence, tourism and energy, as well as regional and global issues, the Ministry of External Affairs said.
Issuing a joint statement after the signing of MoUs along with Vietnamese President Tran Dai Quang, Prime Minister Narendra Modi said that the two nations have made a decision to increase cooperation in defence production and explore technology transfer opportunities.