India has agreed to expedite the implementation of one hundred million US
dollar line of credit to Vietnam for building high speed boats for the Vietnam
border guards to enable that country to effectively patrol the South China Sea,
a joint statement issued at the end of the visit of Vietnamese President Tran
Dai Quang”s official visit to New Delhi last week.
The move is significant since Vietnam and neighbouring China are locked
in a battle of nerves over annexation of some islands in South China Sea by
Beijing. The speed boats to be supplied by India will help Vietnam to
effectively patrol the seas.
This was decided at the delegation level talks between the two countries
Prime Minister Narendra Modi had with the visiting Vietnamese President Tran
Dai Quang last week.
the countries urged for early signing of a framework agreement on the 500
million US Dollars Line of Credit for Defense industry. Both sides agreed to
further enhance defense ties, including through exchanges of senior level defense
delegations, regular senior level dialogues, cooperation between the two armed
forces, port calls of naval and Coast Guard ships, capacity building projects,
procurement of equipment, transfer of technology and cooperation in regional fora,
including ADMM plus.
sides agreed that it is essential to strengthen cooperation in maritime domain,
including anti-piracy, security of sea lanes, exchange of white shipping
information, etc. In the spirit of the proposal for an ASEAN-India Strategic
Dialogue on Maritime Cooperation made at the Commemorative Summit held in New
Delhi in January 2018, the two sides agreed to further promote Viet Nam-India
bilateral consultation on maritime issues.
sides agreed that enhancing strong trade and economic engagement is a strategic
objective, a core element of the Comprehensive Strategic Partnership and are
essential for strengthening bilateral ties. Both leaders expressed satisfaction
and commended the significant rise in trade turnover during the last two years.
order to realize potential to both increase the volume of trade and diversify
its composition, they requested the relevant ministries and agencies on both
sides to explore substantive and practical measures to achieve the trade target
of 15 billion US Dollars by 2020, by strengthening exchanges of trade
delegations, business-to-business contacts, regular organization of trade fairs
and events. Both sides agreed to hold the next Meeting of the Joint
Sub-Commission on Trade in Ha Noi in 2018 at the earliest.
sides urged leaders of business and industry of both countries to explore new
trade and investment opportunities in identified priority areas of cooperation:
hydrocarbons, power generation, renewable energy, energy, conservation,
infrastructure, textiles, footwear, pharmaceuticals, machine tools, agriculture
and agro-products, tourism, chemicals, ICT and other service sector
industries., The two sides agreed to intensify cooperation to increase
productivity, quantum and content of science and technology in agricultural
Tran Dai Quang welcomed Indian companies to invest in Viet Nam and affirmed
Viet Nam’s commitment to create favourable conditions and facilitation for
Indian investments in accordance with Vietnamese laws. He applauded Prime
Minister Modi’s efforts which improved India’s ranking in the "ease of
Quang highly appreciated India’s long standing and continued grants-in-aid and
lines of credit for Viet Nam. the Mekong
- Ganga Cooperation (MGC) framework, as well as the projects under the fund of
Quick Impact Projects (QIPs),
two sides agreed that their cooperation in oil and gas exploration, thermal and
hydroelectric power and renewable energy and energy conservation is registering
remarkable progress. President Quang welcomed Indian businesses to expand their
oil and gas exploration and exploitation activities on land and in the
continental shelf and Exclusive Economic Zone (EEZ) of Viet Nam and to this
effect suggested that relevant Indian companies file concrete proposals for the
blocks offered by the Vietnamese side.
sides agreed to actively pursue the signing of a Memorandum of Understanding on
collaboration in oil and gas exploration projects in third countries. The
Vietnamese side also welcomed Indian oil and gas companies to avail of
opportunities in the midstream and downstream sectors in Viet Nam.
Vietnamese side took note of the request by the Indian side on actively
considering signing the Framework Agreement of the International Solar Alliance
with a view to strengthening the cooperation in the renewable energy space.
sides agreed on the importance of stronger connectivity between Viet Nam and
India as well as between ASEAN and India. The Indian side urged Viet Nam to
utilize various initiatives of India for CLMV countries, including the US$1
billion line of credit for physical and digital connectivity projects. The
progress made in regional connectivity endeavors such as the India-Myanmar-Thailand
Trilateral Highway was noted by the two Leaders. The two sides agreed to
explore the possibility of extending the India-Myanmar-Thailand Trilateral
Highway further to Viet Nam through Cambodia and Laos PDR.
two sides stressed the importance of the early signing of an ASEAN-India
Maritime Transport Cooperation Agreement. They sought acceleration of the
establishment of direct shipping routes between the Sea Ports of India and Viet
Nam. They also welcomed the commencement of direct flights between New Delhi
and Ho Chi Minh City during the visit and urged the airlines of both countries
to soon open more direct flights between major cities of the two countries.
Minister Modi and President Tran Dai Quang shared convergence of views on
various bilateral and international issues, including the regional security
situation in Asia. They reiterated the importance of achieving a peaceful and
prosperous Indo-Pacific region where sovereignty and international law, freedom
of navigation and over flight, sustainable development and a free, fair and
open trade and investment system are respected.
the significance of sub-regional frameworks in strengthening bilateral
cooperation and complementing regional cooperation through ASEAN frameworks,
they agreed to optimally develop and utilize existing sub-regional frameworks,
especially the Mekong-Ganga Economic Corridor.
The two sides re-affirmed their determination and efforts to further
cooperate in maintaining peace, stability and development in the Indo – Pacific
Ocean region as well as in the world at large. They reiterated the importance
of, and the need for complete compliance with international law, notably the
United Nations Convention on the Law of the Sea 1982 (UNCLOS), including the
implementation of international legal obligations in good faith, the
maintenance of freedom of navigation and over-flight in the South China Sea,
full respect for diplomatic and legal processes, peaceful settlement of
disputes without resorting to the threat or use of force, and in accordance
with international law. In this regard, both sides support the full and
effective implementation of the Declaration on the Conduct of the Parties in
the South China Sea (DOC) and look forward to an early conclusion of an effective
and substantive Code of Conduct in the South China Sea.
At the invitation
of President Ram Nath Kovind, Vietnam President Tran Dai Quang, and Spouse paid
a State Visit to India from March 02-04 . The President of Viet Nam was
accompanied by a high-level official delegation, including Deputy Prime
Minister and Foreign Minister Mr. Pham Binh Minh, leaders of many ministries,
provinces and a large business delegation.
During the visit,
the high level Vietnamese delegation held delegation-level talks with the Prime
Minister Narenda Modi. He also addressed the Viet Nam - India Business Forum
and held discussions with several prominent leaders of Indian industry and