The two PMs stressed the necessity of high-level exchanges, meetings, and substantive and successful cooperation across many domains to realize the objective of a comprehensive strategic alliance.
PM Chinh commended the Indian side on their achievements under PM Modi, including significant economic development, science and technology advancements, and India’s growing regional and global influence.
Affirming that both sides have numerous strategic interests, the Vietnamese Government leader proposed that the two sides continue to expand all-around connections, prioritizing political, diplomatic, and cooperative cooperation in the two countries areas of need.
Trade, investment, services, finance and banking, tourism, research and technology, innovation, and strengthening links to address global crises and uncertainties are included.
PM Modi greeted PM Chinh and stressed Vietnam’s role in India’s “Act East” Indo-Pacific Strategy.
He commended the Vietnamese side for attending the Southern Forum and collaboratively increasing developing nations’ role and voice, saying that bilateral economic ties have improved recently, with last year’s trade turnover reaching approximately US$15 billion.
The Indian PM said that economic-trade co-operation remains an important pillar in the bilateral relationship and that they will continue to promote consultation and dialogue mechanisms, expand co-operation in fields of complementary advantages, and closely work together and share views on international and regional issues of shared concern.
The two sides resolved to expand cooperation at international and regional forums, including the UN, ASEAN-led structures, and Mekong-Ganga cooperation.
The two government leaders stressed the importance of peace, stability, security, safety, freedom of navigation and aviation, and international law, calling on all parties to fully and effectively implement the Declaration on the Conduct of Parties in the East Sea (DOC) and soon finalize a substantial and effective Code of Conduct (COC). This should be done in accordance with international law and UNCLOS 1982, providing circumstances for peaceful East Sea dispute resolution.
The two presidents also discussed concrete steps and directions to create favorable conditions for enterprises of each nation to access their markets, do business, and realize the potential and excellent cooperation between the two countries.
PM Chinh warmly accepted PM Modi’s offer to visit India this year.
