PM Nguyen Xuan Phuc congratulated India on its socio-economic achievements and affirmed that Vietnam has continuously attached significance to developing the traditional friendship and comprehensive strategic partnership with India.
The Indian PM also hailed Vietnam’s socio-economic development and international integration, and reiterated that his country continues considering Vietnam one of the pillars in its “Act East” policy.
The two PMs exchanged measures to boost bilateral cooperative ties, agreeing to step up defence partnership with India providing technology transfer and financial credit for Vietnam.
The two sides expressed their belief that the two-way trade between the two countries will reach US$15 billion in 2020, and agreed on ways to boost aviation and maritime connection.
India will increase its investment in Vietnam’s large potential sectors, such as infrastructure facility, information and communication technology, mechanical engineering, industrial parks building, hi-tech agriculture.
The two sides reached consensus on pushing for cooperation in energy, referring to India conducting oil and gas exploration and production and building thermal electricity plants.
The two sides also agreed on implementing the framework agreement on exploring and using the space for peaceful purposes while boosting cooperation in economic development, culture, and people-to-people exchange.
They discussed regional and international issues of shared interest. Vietnam backs India’s Act East policy and its greater role in the region and the strategic partnership with ASEAN. The two sides will continue coordinating and supporting each other at international and regional forums.
The two PMs shared the view on the importance of ensuring peace, stability, security, safety, and aviation and maritime freedom in the East Sea, highlighting the compliance with international law, including the United Nations’ Convention on the Law of the Sea (UNCLOS) in 1982, with respect to the diplomatic and legal processes, settlement of disputes with peaceful measures on the basis of international law.
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