New Delhi: PM Narendra Modi greeted Vietnamese President Tran Dai Quang on his first State visit to India at the Hyderabad House ahead of the bilateral talks. Both leaders held bilateral talks over Act East Policy.
PM Narendra Modi and Vietnamese President Quang held fruitful talks and discussed steps to further strengthen comprehensive strategic partnership in defense, security, trade and investment, atomic energy, agriculture, S&T, tourism, oil & gas, as well as regional and global issues.
India-Vietnam exchanged three agreements on economic & trade cooperation, agricultural research, and nuclear energy partnership.
EAM talking head Raveesh Kumar, said “PM @narendramodi with Vietnamese President Tran Dai Quang during Exchange 3 Agreements at Hyderabad House, New Delhi,” he tweeted.
In his address, PM Modi said that Vietnam has an important place in India's framework of Act East policy and India's relations with ASEAN.
Lauding the trade ties between both sides, the Prime Minister said, "In the last five years, our bilateral trade has increased from six billion USD to more than 10 billion USD."
PM Modi further said that both nations are also working along with other countries on trilateral possibilities, in the oil and gas sector.
Besides trade relations, Prime Minister Modi also inscribed India-Vietnam ties as a centuries-old relationship based on cultural and historical similarities.
"Vietnam has an important place in India's framework of Act East policy and India's relations with ASEAN," he stated.
PM Narendra Modi added,” We have decided that we will enhance cooperation in defence production and explore opportunities in transfer of technology. We will jointly work for an open, independent & prosperous Indo Pacific area where sovereignty and international law is respected“.
On March 4, the Vietnamese president will deliver an address, which will be an important policy statement.