Prime Minister Narendra Modi on Saturday flew into this Chinese city for the crucial G20 summit and talks with top world leaders+, including Chinese President Xi Jinping on irritants in bilateral ties like India’s NSG bid+ and the CPEC, which runs through PoK.
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India also offered a $500-million defence credit line part of which will be used for the construction of offshore patrol boats by Liamp;T and the Vietnam Border Guards. “As two important countries in this region, we also feel it necessary to further our ties on regional and global issues of common concern”, said Modi.
After meeting with Vietnamese Prime Minister Nguyen Xuan Phuc, Modi said since the efforts to bring economic prosperity should be accompanied by steps to secure them, the two countries have agreed to deepen defence and security engagement to advance our common interests.
Noting that enhancing bilateral commercial engagement is the strategic objective of the two nations, he said, “For this, new trade and business opportunities will be tapped to achieve the trade target of United States dollars 15 billion by 2020”. “He asked for more Indian participation in oil and gas sectors of Vietnam”.
Prime Minister Narendra Modi on Saturday left Vietnam for China to attend the G20 summit beginning Sunday after wrapping up his two-day maiden visit to the country that witnessed the signing of 12 agreements.
Bilateral ties were also upgraded to Comprehensive Strategic Partnership besides inking of 12 agreements including in defence, trade and sharing white shipping information.
He also committed to provide a new Line of Credit for Vietnam in this area.
Prime Minister Modi also called on Vietnamese President Tran Dai Quang at the Presidential Palace today.
Russian Federation and China are the other two countries with which Vietnam has comprehensive strategic partnerships. India has also granted $5 million to set up a software park in the country.
He called for frequent high-level exchanges to further strengthen political trust between the two countries and sought further support from India in investment, education, training and science and technology. The framework agreement on space cooperation would allow Vietnam to join hands with Indian Space Research Organisation to meet its national development objectives.
The Prime Minister also said that the Asean region was “important to India in terms of historical links, geographical proximity cultural ties and the strategic space that we share”.
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PM Modi will also hold bilateral meetings with Australian Prime Minister Malcolm Turnbull and Saudi Arabia’s Deputy Crown Prince Mohammad bin Salman.
