India and Vietnam signed seven agreements for cooperation in areas reminiscent of defence, petrochemicals and nuclear power and unveiled a joint imaginative and prescient for peace and prosperity in opposition to the backdrop of issues in each international locations about China’s aggressive actions throughout the area.
Taking part in a digital summit together with his Vietnamese counterpart Nguyen Xuan Phuc, Prime Minister Narendra Modi described Vietnam as “an vital pillar of India’s Act East coverage and an vital ally of our Indo-Pacific imaginative and prescient”.
“We see our relationship with Vietnam from a long-term and strategic view. Peace, stability and prosperity are our frequent goals within the Indo-Pacific area. Our partnership can contribute considerably to take care of stability and peace within the area,” Modi mentioned.
Nyugen Xuan Phuc mentioned the upgrading of bilateral ties to a complete strategic partnership in 2016 had bolstered belief and bolstered understanding of different’s imaginative and prescient and pursuits on worldwide points. He mentioned the Vietnamese aspect had aso agreed on India’s proposals for an additional defence line of credit score.
Modi mentioned the seven agreements signed by the 2 international locations cowl numerous points reminiscent of defence, nuclear energy, petrochemicals, renewable power and therapy of most cancers. “We’re additionally taking new initiatives within the space of our growth cooperation and cultural conservation. All this reveals the enlargement and potential of our rising mutual cooperation,” he added.
The assembly was held at a time when each international locations are grappling with China’s aggressive actions within the area. India is locked in a army standoff with China in Ladakh sector of the Line of Precise Management (LAC) whereas Vietnam has main variations over Chinese language claims inside its unique financial zone within the South China Sea.
The 2 leaders launched a joint imaginative and prescient doc and a plan of motion for bilateral engagements throughout 2021-23. “This joint imaginative and prescient for peace, prosperity and folks will ship a powerful message to the world concerning the depth of our relationship,” Modi mentioned.
India’s is presently implementing a $100-million defence line of credit score for 12 excessive pace patrol boats for Vietnam. The boats being constructed for the Vietnam Border Guard are supposed to improve coastal safety and forestall unlawful actions.
5 vessels are being constructed at Larsen & Toubro’s shipyard in Chennai, and the remaining might be made at Hong Ha shipyard within the Vietnamese port metropolis of Hai Phong beneath the Indian agency’s supervision.
Each international locations even have stakes within the Indo-Pacific area and vital maritime pursuits, and the summit enabled them to have a look at potential cooperation on India’s Indo-Pacific Oceans Initiative and Asean’s Indo-Pacific outlook.
India and Vietnam will even concurrently function non-permanent members of the UN Safety Council from 2021, and this has opened up new alternatives for cooperation and coordination on regional and worldwide points.