File: Prime Minister Narendra Modi and Vietnam counterpart Nguyen Xuan Phuc
NEW DELHI: Prime Minister Narendra Modi will hold an important summit meeting with his Vietnam counterpart Nguyen Xuan Phuc Monday, as India and Vietnam continue to bear the brunt of Chinese expansionism. Defence ties between the two countries, like in the recent past, will again be one of the main focus areas with Vietnam set to acquire a high-speed patrol boat from India and both the sides looking to finally operationalise a $500 million Line of Credit (LOC) offered by India to Hanoi for defence procurement.
In a significant statement last week, Vietnam ambassador to India Pham Sanh Chau had said Vietnam was looking forward to more investments by Indian companies in its oil and gas sector, in particular to Essar Exploration group ramping up its investment to $11 billion.
Highlights
The announcements will be on a range of issues from defence to energy to development partnership to healthcare.
On Defence, a key focus will be on implementation of India’s Defence Line of Credit for high-speed guard boats for Vietnam.
New Delhi has in the past extended defence Lines of Credit worth USD 600 million to strengthen Vietnam’s domestic defence manufacturing.
New Delhi: Around 27 outcomes in the form of a memorandum of understanding, agreements will be announced on Monday (December 21, 2020) at India-Vietnam virtual summit between Prime Minister Narendra Modi and Vietnamese PM Nguyen Xuan Phuc. This is the first such virtual summit of PM Modi with an ASEAN country.
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New Delhi: India and Vietnam are working towards taking their ‘Comprehensive Strategic Partnership’ to the next level by “building on it in order to prepare for an uncertain worldâ, according to the country’s ambassador to New Delhi, Pham Sanh Chau.
Ambassador Pham spoke to ThePrint just ahead of the annual summit between prime ministers Narendra Modi and Nguyen Xuan Phuc scheduled for Monday, and put the emphasis on deepening defence and energy cooperation.
“We need to deepen our bilateral relationship which was upgraded four years ago to Comprehensive Strategic Partnership. This is needed as we look to a world full of uncertainties,” the ambassador said.
India, Vietnam virtual summit to see around 27 key outcomes wionews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wionews.com Daily Mail and Mail on Sunday newspapers.
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NEW DELHI: Prime Minister Narendra Modi is set to hold a virtual summit with his Vietnamese counterpart Nguyen Xuan Phuc on Monday to discuss the future development of the comprehensive strategic partnership.
According to sources, this summit caps the series of high-level exchanges with Vietnam this year, which witnessed the visit of Vietnam s Vice President to India, in February and the telephonic conversation between the two Prime Ministers in April to discuss the COVID-19 pandemic. The two Prime Ministers also met online during the 17th ASEAN-India Summit last month.
Both countries enjoy a Comprehensive Strategic Partnership and India is one of the very few countries with whom Vietnam has such characterisation for bilateral relations, sources said.