Prime Minister Narendra Modi says trade between India and Vietnam is growing despite global slowdown

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National News

Mar 04, 2018

2:31PM

Prime Minister Narendra Modi says trade between India and Vietnam is growing despite global slowdown

Prime Minister Narendra Modi today said India and Vietnam will work together for an open and prosperous Indopacific region where sovereignty and international law are respected and disputes are resolved through dialogue.

In his press statement after holding delegation-level talks with President of Vietnam Tran Dai Quang in New Delhi, Mr Modi said, both countries will work for strengthening Defence, Maritime and energy cooperation.

He said Vietnam has played an important role under Act East policy and bilateral trade between the two nations has grown from six billion dollars to 10 billion dollars despite the global slowdown. He said Vietnam President Tran Dai Quang's visit will strengthen bilateral relations between both the countries.

Recalling his Vietnam visit, Prime Minister said both the countries are committed to further boost their relationship, which goes back to 2000 years old. Mr Modi said India and Vietnam inherited the legacy of Mahatma Gandhi and Ho Chi Min and both fought against colonialism.

After the talks, India and Vietnam signed three agreements on Nuclear energy partnership, Agriculture and trade. Vietnam President Tran Dai Quang in his press statement said both the leaders discussed regional security, maritime and cybersecurity. He said Vietnam is committed to further its ties with India in different areas including energy and connectivity.

External Affairs ministry has said Prime minister and Vietnamese President held fruitful talks and discussed steps to further strengthen comprehensive strategic partnership in defence and security, trade and investment, atomic energy, agriculture, science and technology, tourism, oil and gas, as well as regional and global issues.
Mr Quang will also meet President Ram Nath Kovind and Lok Sabha Speaker Sumitra Mahajan. He will also interact with prominent Indian businessmen.

External Affairs Minister Sushma Swaraj called on Mr Quang in New Delhi, this morning. In a tweet, External Affairs Ministry spokesperson Raveesh Kumar said, the discussion focused on steps to further strengthen comprehensive strategic partnership by expanding cooperation across all sectors.

Earlier, the visiting dignitary was accorded a ceremonial reception at the forecourts of Rashtrapati Bhawan. Mr Quang was received by the President Ram Nath Kovind and Prime Minister Narendra Modi at the ceremonial reception. He also visited Rajghat and paid tributes to Father of the Nation, Mahatma Gandhi.
Mr Quang, who is accompanied by his wife and a big delegation, began his three-day India tour yesterday. He visited the Mahabodhi Temple at Bodh Gaya in Bihar before reaching New Delhi in the evening.