3 weeks ago
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India and Vietnam connected Wednesday (May 6, 2026) elevated their ties to an enhanced broad strategical concern and acceptable a $25 cardinal yearly commercialized people by 2030 as Prime Minister Narendra Modi and Vietnamese President To Lam held talks focusing connected expanding bilateral ties successful areas of trade, defence and captious minerals successful the look of expanding geopolitical upheavals.
Following the gathering betwixt Mr. Modi and Mr. Lam, the 2 sides signed arsenic galore arsenic 13 agreements which volition supply for deeper two-way engagement successful a scope of areas including integer payments, uncommon world minerals, pharmaceuticals, education, banking and culture.
Mr. Modi and Mr. Lam besides deliberated connected the concern successful the Indo-Pacific amid China's expanding assertiveness successful the portion and agreed to proceed to lend to the rule-of-law, peace, stability, and prosperity.
It is understood that China's increasing subject muscle-flexing successful the South China Sea besides figured successful the delegation-level talks betwixt the 2 sides.
Elected arsenic President earlier this month, Mr. Lam began his archetypal State sojourn to India connected Tuesday (May 5, 2026), starring a high-level delegation for a three-day trip.
Association of Southeast Asian Nations
"A decennary ago, Vietnam became India's archetypal broad strategical spouse successful ASEAN (Association of Southeast Asian Nations) . Since then, our relations person made accelerated and broad progress," Mr. Modi said successful his media statement.
"Building connected this beardown foundation, contiguous we are elevating our relations to the level of Enhanced Comprehensive Strategic Partnership. We volition present beforehand our concern to adjacent higher goals," helium said.
"Our practice volition scope caller levels successful each country ' culture, connectivity, and capableness building, arsenic good arsenic security, sustainability, and proviso concatenation resilience," Mr. Modi added.
He noted that the bilateral commercialized betwixt India and Vietnam has doubled successful the past decennary to scope $16 cardinal and that the people present is to summation it to $25 cardinal by 2030.
Mr. Modi besides cited a plethora of agreements signed betwixt the 2 countries to accent that the economical engagement is expected to witnesser a important upswing going forward.
"The MoU betwixt our cause authorities volition present summation entree to Indian medicines successful Vietnam. Exports of Indian agricultural, fisheries, and carnal products to Vietnam are besides acceptable to go easier. Very soon, Vietnam volition sensation India's grapes and pomegranates," helium said.
India-ASEAN statement to beryllium updated
The 2 sides besides agreed to update the India-ASEAN commercialized statement by the extremity of this year.
"This volition supply a caller impetus to commercialized and concern betwixt India and each ASEAN countries. New initiatives successful captious minerals, uncommon earths, and vigor practice volition guarantee the economical information and proviso concatenation resilience of some countries," Mr. Modi said.
"To boost fiscal connectivity, we person contiguous decided to heighten practice betwixt our cardinal banks. India's UPI and Vietnam's accelerated outgo systems volition soon beryllium linked. Furthermore, we are strengthening State-to-State and city-to-city practice betwixt the 2 countries," helium noted.
Mr. Modi said India is grateful to Vietnam for its beardown condemnation of the Pahalgam violent attack and lasting with India successful its combat against terrorism.
"In this epoch of planetary turmoil and economical challenges, acknowledgment to their talent, bully governance, and economical reforms, India and Vietnam are emerging arsenic the world's fastest-growing economies," helium said.
"Now, done our enhanced strategical partnership, we volition enactment each other's accelerated growth. As the Buddha's teachings say, 'If you airy a lamp for idiosyncratic else, it besides illuminates your ain path'," Mr. Modi said.
He besides described Vietnam a cardinal pillar of India's Act East Policy and Vision Ocean.
"In the Indo-Pacific portion arsenic well, we stock a communal outlook. Through our strengthening defence and information cooperation, we volition proceed to lend to the rule-of-law, peace, stability, and prosperity," helium said.
The Prime Minister said India volition broaden its relations with ASEAN with Vietnam's cooperation.
In his remarks, Mr. Lam said some sides agreed to deepen governmental spot and elevate information cooperation.
Last year, the 2 sides inked a pact to acceptable up a model for submarine search, rescue and enactment mechanism. They besides signed a missive of intent (LoI) to fortify bilateral defence manufacture collaboration.
