Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / World News / India and Vietnam increase cooperation across various sectors
  • World

    India and Vietnam increase cooperation across various sectors

    Supriya
    Written by
    Supriya
    Mail
    Last updated on Sep 03, 2016, 04:08 pm
    India and Vietnam increase cooperation across various sectors
  • Prime Minister Narendra Modi, who is on a two day visit to Vietnam, said both countries recognized the growing need for cooperation in order to respond to emerging regional challenges.

    India and Vietnam upgraded their Strategic Partnership to a comprehensive Strategic Partnership to lend renewed momentum, focus and direction to bilateral cooperation.

    Vietnam had earlier executed a Strategic Partnership with Russia and China.

  • In this article
    India - Vietnam Relationship India & Vietnam kinship India and Vietnam increase cooperation across various sectors India - Vietnam Meet Defence Cooperation China critical of defence cooperation Trade and Technology Space Cooperation
  • Brief

    India - Vietnam Relationship

    India - Vietnam Relationship
  • Prime Minister Modi's visit to Vietnam is the first visit by an Indian premier in the last 15 years.

    Although India and Vietnam's cultural ties go back centuries, there's a renewed focus on their bilateral relationship owing to PM Modi's 'Act East Policy' which is aimed at building partnerships with India's eastern neighbours.

    These partnerships will encompass security, counter-terrorism, political, defence and economic ties.

  • Common concerns

    India & Vietnam kinship

    India & Vietnam kinship
    Credits:
  • In recent years, Vietnam has aggressively been expanding and modernizing its military arsenal amid simmering territorial disputes with China in the strategic South China Sea.

    Beijing has built artificial islands that are capable of supporting military activities. This has perturbed countries like Vietnam which also lay claim to the same territories.

    Nearly 50 percent of India's trade also passes through the South China Sea.

  • 03 Sep 2016

    India and Vietnam increase cooperation across various sectors

    India and Vietnam increase cooperation across various sectors
  • Prime Minister Narendra Modi, who is on a two day visit to Vietnam, said both countries recognized the growing need for cooperation in order to respond to emerging regional challenges.

    India and Vietnam upgraded their Strategic Partnership to a comprehensive Strategic Partnership to lend renewed momentum, focus and direction to bilateral cooperation.

    Vietnam had earlier executed a Strategic Partnership with Russia and China.

  • Highlights

    India - Vietnam Meet

    India - Vietnam Meet
    Credits:
  • Prime Minister Narendra Modi described his discussions with his Vietnamese counterpart as "extensive and very productive".

    The two countries signed 12 agreements across a diverse range of sectors such as double taxation, health cooperation, space exploration, cyber security, IT cooperation and sharing of white shipping information.

    India also offered to provide a $500 million line of credit to Vietnam for defence cooperation.

  • Details

    Defence Cooperation

    Defence Cooperation
  • In a sign of defence engagement taking shape, an agreement was signed to construct offshore patrol boats.

    India's Larsen & Toubro will build these high-speed boats for Vietnamese Coast Guards.

    Both the countries' navies will increase cooperation with respect to white-shipping information i.e. information about commercial shipping and movement of cargo ships.

    An agreement for cooperation in UN peacekeeping matters was also signed.

  • Do you know?

    China critical of defence cooperation

  • In the past China has been critical of the growing defence engagement between India and Vietnam. In 2014 India had offered Vietnam a line of credit of $100 million for the purchase of patrol boats.

  • Key announcements

    Trade and Technology

    Trade and Technology
  • A $5 million grant was announced by India for a Software Park in the Telecommunications University in Nha Trang.

    India and Vietnam also signed an agreement to establish sustainable IT Infra for advanced IT training protocol.

    Enhancing the bilateral commercial-relationship is a key strategic objective; new business and trade opportunities will be tapped to achieve trade worth $15 billion by 2020.

  • Information

    Space Cooperation

  • Prime Minister Narendra Modi said, "The framework agreement on Space cooperation would allow Vietnam to join hands with Indian Space Research Organization to meet its national development objectives,". Other related agreements are in context of exploration and use of outer space 'for peaceful purposes'.

  • India
  • Narendra Modi
  • Vietnam
  • Act East Policy
  • South China Sea
  •  
Latest News
  • Anurag Kashyap posts message for "haters" after Income Tax raids
    Anurag Kashyap posts message for "haters" after Income Tax raids
    Entertainment
  • Mithun Chakraborty to share stage with PM Modi in Kolkata
    Mithun Chakraborty to share stage with PM Modi in Kolkata
    Politics
  • India vs England: Feats achieved by Axar Patel
    India vs England: Feats achieved by Axar Patel
    Sports
  • India vs England: India win Test series 3-1; key learnings
    India vs England: India win Test series 3-1; key learnings
    Sports
  • India win Test series against England, qualify for WTC final
    India win Test series against England, qualify for WTC final
    Sports
Trending Topics
Coronavirus
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love World news?

Subscribe to stay updated.

World Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Twitter Indian Premier League Samsung Virat Kohli
Rohit Sharma Cricket News YouTube Hollywood News WhatsApp Bollywood News ISRO Yoga Honda Batman
Football News BMW Vaccine Reliance Jio OPPO Food News, Healthy Recipes Royal Challengers Bangalore Toyota Fashion Tips Mercedes
James Anderson Isha Ambani India Vs England Cricket OnePlus Mobiles Android TV Smart TV Marvel Comics Avengers Neha Kakkar Premier League
Big Bang Theory X-Men TATA Royal Enfield
About Us Privacy Policy Terms & Conditions Contact Us News Reviews News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021