Vietnam, India enjoy vigorous growth of strategic partnership

Vietnamese Ambassador to India Ton Sinh Thanh has highlighted the substantial and healthy development of Vietnam-India comprehensive strategic partnership in a recent media interview in observance of the ties between the two nations on the occasion of the 30th Diplomatic Conference slated for August 12-17 in Hanoi
vietnam india enjoy vigorous growth of strategic partnership

Vietnamese Ambassador to India Ton Sinh Thanh (Photo:VNA)

Ambassador Thanh underscored the four major points in the two countries’ relationship during the past two years.

First, bilateral political ties and mutual trust have been strengthened as a result of the frequent exchange of high-level visits, during which 17 more agreements on cooperation across a variety of fields were signed such as economics, defense-security, health care, agriculture, and information technology.

Second, defence-security cooperation has reached the highest level ever with its scope covering all military forces and both sides have also carried out their first joint naval exercise. India has become the most important defence cooperative partner of Vietnam.

Third, economic cooperation has enjoyed exponential growth of more than 40% in two-way trade, from US$5.6 billion in 2016 to US$7.6 billion in 2017. According to statistics from the General Department of Vietnam Customs, bilateral trade turnover hit US$5.44 billion in the first half of the year, a year-on-year rise of 48%. With this growth pattern, the figure for 2018 is likely to exceed the US$10 billion mark.

Fourth, cultural diplomacy related activities are in full swing on the occasion of the 45th anniversary of diplomatic ties and ten years of strategic partnership between the two countries, including the Vietnam Culture Days, photo and painting exhibitions, film festival and art performances. Notably, a Vietnam Book space was set up in India for the first time ever, and a Vietnam Study Centre made its debut in New Delhi.

India is currently maintaining its place as the world's fastest growing economy, thus facilitating trade exchanges between the two countries. Ambassador Thanh praised the Vietnamese Embassy’s tireless efforts to foster economic diplomacy with India through launching a broad range of trade, investment and tourism promotion events to introduce Vietnam to potential Indian partners, while dealing with problems impeding bilateral economic cooperation.

The Vietnamese diplomat emphasized that connectivity plays a key role in bringing about direct benefits to tourism. The number of Indian tourists to Vietnam has increased from 85,000 in 2016 to 110,000 in 2017 and the figure is expected to touch 150,000 this year.

The Vietnamese Embassy has played a part in the opening of a direct flight service between Ho Chi Minh City and New Delhi by Vietjet Air, which is set for October this year. An Indian airline, the Indigo is also destined to open a direct route to Vietnam next year.

Regarding the prospect of the Vietnam-India relationship, the Ambassador said that both sides have a solid foundation with real mutual trust based on shared strategic interests and huge potential for broader cooperation. He said he hopes the relationship between the two nations will grow and flourish in future.

Related News

Vietnam-Cambodia: Looking back on journey of cooperation

Vietnam-Cambodia: Looking back on journey of cooperation

VCN – The bilateral meeting between the General Department of Vietnam Customs (GDVC) and the General Department of Customs and Excise of Cambodia (GDCEC) was held by the GDVC on December 9.
Vietnam-China e-commerce: A perspective from Lang Son border

Vietnam-China e-commerce: A perspective from Lang Son border

VCN - Cross-border e-commerce is currently a hot topic among e-commerce businesses, particularly those actively developing digital platforms and cross-border electronic payment infrastructures through border gates in Lang Son province.
Promoting Vietnam-Laos Customs cooperation

Promoting Vietnam-Laos Customs cooperation

VCN - On November 19, 2024, in Hanoi, Vietnam Customs held the Vietnam - Laos Customs Directors General Conference.
Vietnam’s exports to the U.S. near US$100 billion milestone

Vietnam’s exports to the U.S. near US$100 billion milestone

VCN - By the end of October, Vietnam's exports to the United States approached US$100 billion, reaffirming its position as Vietnam's largest export market.

Latest News

Deputy PM urges extra efforts to remove Vietnam from money laundering grey list

Deputy PM urges extra efforts to remove Vietnam from money laundering grey list

Deputy Prime Minister Ho Duc Phoc on December 12 urged ministries and sectors to do their utmost to implement the Financial Action Task Force (FATF)’s 17 recommendations to lift Vietnam out of its list of Jurisdictions under Increased Monitoring (grey list) related to money laundering.
Vietnam pledges more contributions to UN humanitarian relief efforts

Vietnam pledges more contributions to UN humanitarian relief efforts

Deputy Minister of Foreign Affairs Do Hung Viet affirmed Vietnam's strong commitment to humanitarian relief efforts, helping people recover their lives after natural disasters and catastrophes, while addressing the 2025 Central Emergency Response Fund (CERF) High-Level Pledging Event in New York on December 10.
ADB raises growth forecasts for Vietnam

ADB raises growth forecasts for Vietnam

The Asian Development Bank (ADB) raised its 2024 and 2025 growth forecasts for Vietnam to 6.4% and 6.6% from previous predictions of 6.0% and 6.2%, driven by stronger trade activities and ongoing fiscal stimulus measures.
UNDP to support Vietnam on path toward circular economy

UNDP to support Vietnam on path toward circular economy

The UN Development Programme (UNDP) is willing to support Vietnam in conducting reforms to create an ecosystem to facilitate the transition to a greener circular and low-carbon economy, towards sustainable development, Resident Representative of UNDP in Vietnam Ramla Khalidi stated at the Vietnam Circular Economy Forum 2024 in Hanoi on December 10.

More News

Vietnam’s industrial production rises by 8.4% in 11 months

Vietnam’s industrial production rises by 8.4% in 11 months

Vietnam's index of industrial production (IIP) in the January – November period rose 8.4% from the same period last year, reported the General Statistics Office (GSO).
Vietnam maintains political stability, economic success in 2024: scholar

Vietnam maintains political stability, economic success in 2024: scholar

Professor Carl Thayer at the University of New South Wales at the Australian Defence Force Academy has described Vietnam’s maintenance of political stability and economic success as its outstanding achievements in 2024.
Vietnam expected to create hi-tech breakthroughs following partnership with NVIDIA

Vietnam expected to create hi-tech breakthroughs following partnership with NVIDIA

Two cutting-edge AI research centres, namely Vietnam Research and Development Centre and AI Data Centre, will be established under the partnership between Vietnam and US tech giant NVIDIA, making a significant milestone in the country’s technological transformation.
Vietnam needs a competitive energy market: experts

Vietnam needs a competitive energy market: experts

Vietnam is making significant strides toward transforming its energy sector by fostering a competitive and sustainable market to meet the nation’s socio-economic development demands.
PM calls for transformative energy projects

PM calls for transformative energy projects

Prime Minister Pham Minh Chinh has laid stress on the critical need for innovative power projects that are able to transform the nation’s energy landscape and prevent power shortages while addressing at a hybrid conference to review the investment and construction of the 500kVcircuit-3 power transmission line linking Quang Trach in the central province of Quang Binh and Pho Noi in the northern province of Hung Yen on December 8.
November’s CPI grows 0.13%

November’s CPI grows 0.13%

Vietnam's consumer price index (CPI) for November rose by 0.13% from the previous month and 2.77% compared to the same period last year, announced the General Statistics Office (GSO) on December 6.
PM urges extra efforts to fulfil all 15 targets set for 2024

PM urges extra efforts to fulfil all 15 targets set for 2024

Ministries and sectors need to promote the mindset of daring to think, daring to act, and daring to take responsibility for the common interests, with the goal of achieving all 15 out of 15 targets set for 2024 so as to lay the foundation and momentum for next year, Prime Minister Pham Minh Chinh stressed at the Government’s monthly regular meeting on December 7.
Expansionary fiscal policy prevents recession, boosts aggregate demand

Expansionary fiscal policy prevents recession, boosts aggregate demand

VCN - Customs News interviewed Ms. Nguyen Thanh Nga, Deputy Director of the Institute of Strategy and Financial Policy (Ministry of Finance).
Economic, diplomatic achievements promote Vietnam’s image: Chinese scholar

Economic, diplomatic achievements promote Vietnam’s image: Chinese scholar

Vietnam’s economic accomplishments and diplomatic efforts in 2024 have significantly contributed to building a positive image of the country both regionally and globally, commented Prof. Xu Liping, Director of the Centre for Southeast Asian Studies at the Chinese Academy of Social Science (CASS).
Read More

Your care

Latest Most read
Deputy PM urges extra efforts to remove Vietnam from money laundering grey list

Deputy PM urges extra efforts to remove Vietnam from money laundering grey list

Deputy Prime Minister Ho Duc Phoc on December 12 urged ministries and sectors to do their utmost to implement the Financial Action Task Force (FATF)’s 17 recommendations to lift Vietnam out of its list of Jurisdictions under Increased Monitoring (grey list) related to money laundering.
Vietnam pledges more contributions to UN humanitarian relief efforts

Vietnam pledges more contributions to UN humanitarian relief efforts

Deputy Minister of Foreign Affairs Do Hung Viet affirmed Vietnam's strong commitment to humanitarian relief efforts, helping people recover their lives after natural disasters and catastrophes, while addressing the 2025 Central Emergency Response Fund (CERF) High-Level Pledging Event in New York on December 10.
ADB raises growth forecasts for Vietnam

ADB raises growth forecasts for Vietnam

The Asian Development Bank (ADB) raised its 2024 and 2025 growth forecasts for Vietnam to 6.4% and 6.6% from previous predictions of 6.0% and 6.2%, driven by stronger trade activities and ongoing fiscal stimulus measures.
UNDP to support Vietnam on path toward circular economy

UNDP to support Vietnam on path toward circular economy

The UN Development Programme (UNDP) is willing to support Vietnam in conducting reforms to create an ecosystem to facilitate the transition to a greener circular and low-carbon economy, towards sustainable development, Resident Representative of UNDP in Vietnam Ramla Khalidi stated at the Vietnam Circular Economy Forum 2024 in Hanoi on December 10.
Vietnam’s industrial production rises by 8.4% in 11 months

Vietnam’s industrial production rises by 8.4% in 11 months

Vietnam's index of industrial production (IIP) in the January – November period rose 8.4% from the same period last year, reported the General Statistics Office (GSO).
Mobile Version