The diplomat said the visit, scheduled from July 30 to August 1, marks the first by a Vietnamese Prime Minister to India in a decade. It is also the first prime ministerial-level visit between the two countries since they upgraded their relationship to a comprehensive strategic partnership.
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Prime Minister Pham Minh Chinh (front row, left) meets with Narayana Murthy, co-founder of Indian software company Infosys in Hanoi on May 20, 2024. |
Hai assessed that this event holds significant importance for both Vietnam and India, underscoring the Vietnamese leadership's emphasis on relations with the South Asian nation. For India, it is noteworthy that PM Chinh will be one of the first foreign leaders to visit the country following Indian Prime Minister Narendra Modi's re-election for a third term.
According to him, during the visit, Vietnamese and Indian leaders are expected to outline directions for deepening the partnership across various fields, aligning with the interests of both countries amid complex geopolitical and economic shifts in the region and the world. The two sides aim to strengthen traditional areas of cooperation and expand into such new potential sectors as information technology, renewable energy, green economy, digital economy, telecommunications, biotechnology, pharmaceuticals, and infrastructure.
The visit also offers an opportunity for Vietnam and India to enhance their collaboration and support each other on regional and international issues, as well as at multilateral forums, while boosting ASEAN-India strategic ties and contributing to the maintenance and promotion of peace, stability, cooperation, and development in the region and beyond.
Reflecting on the recent cooperation and future prospects of Vietnam-India relations, the ambassador noted that the bilateral traditional relations and friendship have been nurtured by late Vietnamese President Ho Chi Minh and Indian leaders like Mahatma Gandhi and Jawaharlal Nehru, alongside generations of the two nations’ leaders and citizens. Elevated to a comprehensive strategic partnership in 2016, the ties have so far grown across all sectors, underpinned by a strong relationship and political trust.
Bilateral engagements across the party, state, parliamentary, and people-to-people channels have expanded, while defense-security cooperation, a key pillar in bilateral relations, has seen significant progress. Two-way trade has increased 2.5 times since 2016, reaching nearly 15 billion USD in 2023. Major Indian conglomerates are increasingly interested in investing in the Vietnamese market, particularly in strategic sectors like renewable energy, processing industry, pharmaceuticals, infrastructure, and logistics. Notably, there are now about 60 direct flights per week between the two countries, with nearly 400,000 Indians visiting Vietnam so far this year.
Hai went on noting that India is emerging as a significant global player, expected to become the world's third largest economy in the coming years, while Vietnam's potential and international standing are on the rise. With strong political trust, they are presented with vast opportunities to realize their immense bilateral cooperation potential across various fields.
Source: VNA