India, Vietnam sign 12 agreements for ‘deeper defence and security engagements’

Agencies, Hanoi: India and Vietnam on Saturday signed 12 agreements for cooperation in several areas, including defence and IT, to boost bilateral

ties during Prime Minister Narendra Modi’s two-day visit to the country.
“Vietnam is undergoing rapid development and strong economic growth… We agreed to tap into the growing economic opportunities in the region and recognised the need to cooperate in responding to emerging regional challenges,” Modi said after the agreements were signed in Hanoi.
“Vietnam PM and I have agreed to deepen our defence and security engagements to advance our common interests,” the PM added.
PM Modi also said that India has extended a new defence line of credit of $500 million for facilitating deeper defence cooperation.
“Under Vietnam’s leadership as the Asean coordinator for India, we will work towards a strengthened India-Asean partnership across all areas,” Modi said.
Modi met his Vietnamese counterpart Nguyen Xuan Phuc for one-to-one talks ahead of delegation-level talks.
This is the first bilateral prime ministerial visit from India to Vietnam in 15 years since the visit of then premier Atal Bihari Vajpayee in 2001. India’s bilateral trade with Vietnam has been growing at almost 26% per annum in the last few years and stands at 7.8 billion dollars.
Modi, who arrived in the Vietnamese capital on Friday evening, started the day by laying a wreath at the Monument of National Heroes and Martyrs in Hanoi. He also visited the much revered stilted house where Vietnamese icon Ho Chi Minh lived.
Modi was then accorded a ceremonial welcome with a guard of honour at the Presidential Palace.
The Prime Minister will leave for Hangzhou, China, from Vietnam in the evening on Saturday to attend the G-20 Summit on September 4 and 5.

Posted by on September 3, 2016. Filed under State. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.