PM Modi and President Quang hold bilateral talks over Act East Policy

PM Modi and President Quang hold bilateral talks over Act East Policy

PM Modi and President Quang hold bilateral talks over Act East Policy

President Tran Dai Quang, his spouse and the high-ranking delegation of Vietnam on March 2 visited Bodh Gaya city in the state of Bihar, the first destination in their three-day State visit to India.

He also pointed out that bilateral trade continued to grow even in the current global economic scenario and said trade between the two countries rose from $6 billion to $10 billion in the last five years.

Regarding defense cooperation, the Prime Minister emphasized that both sides chose to collaborate through technology transfer.

Three, an MoU on Cooperation between the Global Centre for Nuclear Energy Partnership, India (GCNEP) and the Vietnam Atomic Energy Institute (VINATOM), with the objective of strengthening the technical cooperation in the field of atomic energy for peaceful purposes.

Modi and Quang on Saturday also discussed ways to step up bilateral defence cooperation.

The two sides did not sign any agreements in the field of defence cooperation, but are expected to continue to work on fulfilling India's $100 million Credit Line commitment to Vietnam, some of which has been used for procuring Offshore Patrol Vehicles (OPVs), while talks continue on Akash Surface to Air Missile systems (SR-SAMS) and Dhruv advanced light helicopters.

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In their talks, Prime Minister Narendra Modi and Vietnamese President Tran Dai Quang also promised to expand bilateral cooperation in several key sectors, including defence, oil and gas, and agriculture.

The Vietnamese President arrived here on late Friday evening.

"Vietnam has an important place in India's framework of Act East policy and India's relations with ASEAN", he averred.

President Hamid visited Vietnam in August 2015, Prime Minister Sheikh Hasina in November, 2015 and Speaker of the Jatiya Sangsad Dr Shirin Sharmin Chaudhury in July, 2017.

In 2016, the two countries had agreed to elevate their ties from Strategic Partnership to Comprehensive Strategic Partnership.

He said that Vietnam and India have long-standing cultural and religious connections with Buddhism having been introduced to Vietnam thousands of years ago and becoming an essential part of Vietnamese life. External Affairs Ministry spokesperson Raveesh Kumar tweeted.

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