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Vietnam, India work toward two-way trade of 15 billion USD

Vietnam and India will together make effort to achieve a two-way trade value of 15 billion USD in the coming time as their leaders have agreed to accelerate economics, trade, and investment cooperation.
Vietnam, India work toward two-way trade of 15 billion USD ảnh 1Vice President Dang Thi Ngoc Thinh (R) shakes hands with Vice President of India Venkaiah Naidu (Photo: VNA)
Hanoi (VNA)– Vietnam and India will together make effort to achieve a two-way trade valueof 15 billion USD in the coming time as their leaders have agreed to accelerateeconomics, trade, and investment cooperation.

Vice President Dang Thi Ngoc Thinh held talks in Hanoi on May 10 with herguest, Vice President of India Venkaiah Naidu and both reached that agreement.

Welcoming the guest’s first visit to Vietnam, Thinh stated Vietnam placesimportance to the time-honoured friendship with India and hailed the dynamicgrowth of the bilateral ties across the board, especially after the countriesestablished strategic partnership in 2007 and upgraded the ties to comprehensivestrategic partnership in 2016.

Vice President Venkaiah Naidu said the two countries worked closely toimplement projects to preserve the world cultural heritage My Son in Vietnam’s centralprovince of Quang Nam and assist the Cham ethnic people in the southernprovince of Ninh Thuan.

The leaders agreed to continue maintaining the exchange of visits at all levelsand deploying efficiently signed cooperation documents.

They said defence-security cooperation is continuously efficient and practical,hailing the organization of the first maritime security dialogue in March thisyear and the visits of Indian naval and coast guard ships to Vietnam sinceearly this year.

Towards the trade value of 15 billion USD, they suggested the early building ofdetailed plans to carry out signed trade deals and unblock current hindrancesand barriers.

They pointed to the need to step up investment promotion activities, especiallyin information technology, energy, renewable energy, infrastructure, hi-techagriculture, innovation, and oil and gas production, reaching consensus on theearly launch of direct air routes linking the two countries’ big cities.

They sought to speed up cooperation in training, and science-technology whileshowing their support for locality-to-locality partnership and youth exchangeprogrammes.

Discussing regional and global issues of shared concern, they asserted that thetwo countries will continue working closely and supporting each other atregional and global multilateral forums, especially at the United Nations, aswell as their run for a non-permanent member seat at the United NationsSecurity Council, for Vietnam in the 2020-2021 tenure and for India in the2021-2022 tenure.

Thinh said Vietnam supports India’s “Act East” policy and welcomes its stanceon the East Sea in the past time.

She suggested that India continue backing the maintenance of order in the EastSea by abiding by international law, respecting sovereignty, sovereign right,and territorial integrity, and ensuring navigation and overflight freedom,security and safety; and the settlement of disputes in the sea by peacefulmeans in conformity with international law, including the United NationsConvention on the Law of the Sea 1982 (UNCLOS).

The Indian leader spoke of Vietnam’s effort and contributions to the globe’sreligious activities in general and that of Buddhism in particular, expressinghis hope that this year’s Vesak celebration in the country will be successful.

He will attend the celebration of the United Nations Day of Vesak 2019 duringhis official visit to Vietnam from May 9-12.-VNA
VNA

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