PM Nguyen Tan Dung will pay an official visit to India from October 27-29 at the invitation of his Indian counterpart Narendra Modi.
The time-honoured friendship between Vietnam and India had formed from the first decades of the 20th century which was founded by late Prime Minister Jawaharlan Nehru and late President Ho Chi Minh and painstakingly cultivated by generations of leaders and people from both countries.
The two countries established diplomatic relations in 1972. India strongly supported Vietnam in the past struggle for national independence, and reunification as well as in the current Doi Moi (Renewal) and development process.
The Vietnam-India traditional relations have grown steadily through regularly exchanged visits at all levels, including President Truong Tan Sang’s India visit in 2011, PM Dung’s visit for a commemorative summit for the 20th anniversary of ASEAN-China Dialogue relations in 2012 and Party General Secretary Nguyen Phu Trong’s visit in 2013.
Meanwhile, Vietnam visits were conducted by Indian Vice President Hamid Ansari in 2013, Foreign Minister Sushma Swaraj in August 2014, President Pranab Mukherjee in September 2014 and Prime Minister Narendra Modi recently visited Vietnam.
The two nations often hold regular meetings on cooperation mechanisms such as the Vietnam-India Intergovernmental Committee and the Joint Trade Subcommittee.
The Vietnam-India strategic partnership has blossomed in five areas: politics, economics, security-defence, science-technology and culture-education.
India attaches great importance to developing relations with Vietnam and Vietnam is considered an important pillar in its “Look East” policy.
On the basis of sound political relations, bilateral cooperation in a multitude of areas in other fields has also flourished. Two-way trade has increased over the years since both nations established strategic partnership in 2007.
They have become important trade partners of each other with bilateral trade volume reaching US$5.23 billion in 2013, up 32% over 2012.
The two countries are targeting to raise bilateral trade to US$15 billion by 2020.
Vietnamese staple exports to India include components, chemicals, wood and timber products, iron and steel, coal, agricultural products, vehicles and spare parts, garments and footwear.
Investment between the two nations show positive signs and is expected to grow rapidly in the future when Indian TATA Group carries out the Long Phu thermal power project worth US$1.8 billion in southern Soc Trang province. As of May 2014, India poured US$273 million in 73 investment projects in Vietnam.
In terms of cultural and educational cooperation, India is helping Vietnam with the training of high quality human resources in the fields of information technology, economics, law and English teaching.
Regular cultural exchange programs have enhanced mutual understanding between the two peoples. India is accelerating the early opening of an Indian Cultural Centre in Hanoi.
Vietnam and India have always closely coordinated and offered mutual support at regional and international forums like the UN, ASEAN, ARF, ADMM and RCEP. India backed Vietnam’s candidacy as a non-permanent member of the UN Security Council for the 2020 -2021 term.
Vietnam supported India in joining the UN Security Council for next term and running for a seat as a permanent member when the UN Security Council is expanded.
PM Dung’s visit is also designed to further develop cooperation in various fields- science, technology, culture, education, tourism and aviation.
During the visit, the two sides will also discuss regional and international issues of common concern.
The two countries established diplomatic relations in 1972. India strongly supported Vietnam in the past struggle for national independence, and reunification as well as in the current Doi Moi (Renewal) and development process.
The Vietnam-India traditional relations have grown steadily through regularly exchanged visits at all levels, including President Truong Tan Sang’s India visit in 2011, PM Dung’s visit for a commemorative summit for the 20th anniversary of ASEAN-China Dialogue relations in 2012 and Party General Secretary Nguyen Phu Trong’s visit in 2013.
Meanwhile, Vietnam visits were conducted by Indian Vice President Hamid Ansari in 2013, Foreign Minister Sushma Swaraj in August 2014, President Pranab Mukherjee in September 2014 and Prime Minister Narendra Modi recently visited Vietnam.
The two nations often hold regular meetings on cooperation mechanisms such as the Vietnam-India Intergovernmental Committee and the Joint Trade Subcommittee.
The Vietnam-India strategic partnership has blossomed in five areas: politics, economics, security-defence, science-technology and culture-education.
India attaches great importance to developing relations with Vietnam and Vietnam is considered an important pillar in its “Look East” policy.
On the basis of sound political relations, bilateral cooperation in a multitude of areas in other fields has also flourished. Two-way trade has increased over the years since both nations established strategic partnership in 2007.
They have become important trade partners of each other with bilateral trade volume reaching US$5.23 billion in 2013, up 32% over 2012.
The two countries are targeting to raise bilateral trade to US$15 billion by 2020.
Vietnamese staple exports to India include components, chemicals, wood and timber products, iron and steel, coal, agricultural products, vehicles and spare parts, garments and footwear.
Investment between the two nations show positive signs and is expected to grow rapidly in the future when Indian TATA Group carries out the Long Phu thermal power project worth US$1.8 billion in southern Soc Trang province. As of May 2014, India poured US$273 million in 73 investment projects in Vietnam.
In terms of cultural and educational cooperation, India is helping Vietnam with the training of high quality human resources in the fields of information technology, economics, law and English teaching.
Regular cultural exchange programs have enhanced mutual understanding between the two peoples. India is accelerating the early opening of an Indian Cultural Centre in Hanoi.
Vietnam and India have always closely coordinated and offered mutual support at regional and international forums like the UN, ASEAN, ARF, ADMM and RCEP. India backed Vietnam’s candidacy as a non-permanent member of the UN Security Council for the 2020 -2021 term.
Vietnam supported India in joining the UN Security Council for next term and running for a seat as a permanent member when the UN Security Council is expanded.
PM Dung’s visit is also designed to further develop cooperation in various fields- science, technology, culture, education, tourism and aviation.
During the visit, the two sides will also discuss regional and international issues of common concern.
