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India and Vietnam on Monday inked a pact to set up a framework for submarine search, rescue and support mechanism in case of any eventualities. The two sides also signed a letter of intent (LoI) to strengthen bilateral defence industry collaboration. The documents were signed after the two sides held the 15th edition of India-Vietnam Defence Policy Dialogue (DPD) in Hanoi. It was co-chaired by Defence Secretary Rajesh Kumar Singh and Deputy Minister of National Defence Senior Lt Gen Hoang Xuan Chien. Both sides expressed satisfaction on progress made in the areas of hydrography cooperation, capacity building and training and ship visits, and cooperation in niche domains namely AI and shipyard upgradation, the defence ministry said. They also decided to expand and further deepen cooperation in important emerging areas like cyber security and real-time exchange of information, it said. The two sides also exchanged views on the regional security situation. A Memorandum of Agreement
The imposition of 27 per cent tariffs by the US still positions India more favourably compared to electronics export rivals like China, Vietnam, and Indonesia, as these nations face even higher rates, according to the India Cellular and Electronics Association (ICEA). That said, the true long-term inflection point for India's electronics trade with the US will hinge on the successful conclusion of a bilateral trade pact, the industry body said. The comment assumes significance as the US has slapped a 27 per cent tariff on imports from India. "While some countries like Brazil and Egypt enjoy marginally better tariff outcomes, India's positioning, particularly with China and Vietnam facing combined tariffs of up to 54-79 per cent, (China) and Vietnam at 46 per cent offers a valuable near-term window of export competitiveness," Pankaj Mohindroo, Chairman of ICEA said. He, however, added in the same breath that "the true long-term inflection point for India's electronics trade with the
India has initiated a countervailing duty probe into increased imports of a chemical - Calcium Carbonate Filler Masterbatch - used in the plastic industry, from Vietnam following a complaint from domestic players. The move is aimed at guarding domestic manufacturers from the increase in imports that are subsidised by Vietnam. The investigation has been initiated by the Directorate General of Trade Remedies (DGTR), an arm of the commerce ministry. Compounds and Masterbatch Manufacturers Association of India and Masterbatch Manufacturers Association have filed a petition before the directorate on behalf of the domestic industry for initiation of the probe on the chemical exported from Vietnam into India. The DGTR in a notification has said that the applicants have alleged that the product is being imported into India from Vietnam at subsidized prices in significant quantities for a prolonged period, causing material injury to it. They have requested for imposition of countervailing
Politburo member of the Communist Party of Vietnam Nguyen Xuan Thang called on Vice President Jagdeep Dhankhar here on Wednesday. Thang is the President of Ho Chi Minh National Academy of Politics and member of Communist Party of Vietnam's Central Theory Council. Both leaders discussed various issues of mutual interest including the role of emerging technologies for further strengthening the Comprehensive Strategic Partnership between India and Vietnam, the Vice President's Secretariat said.
India and Vietnam have held a key defence meeting here during which it was proposed to have cooperation in emerging areas such as cyber security, information security, military medicine and submarine search and rescue, officials said on Friday. The 14th India-Vietnam Defence Policy Dialogue took place in New Delhi on Thursday. It was co-chaired by Defence Secretary Giridhar Aramane and Deputy Minister of National Defence of Vietnam Senior Lieutenant General Hoang Xuan Chien, they said. "During the meeting, the two sides reviewed the range of bilateral defence cooperation issues and noted the transformative progress in the ties after the signing of the 'Joint Vision Statement on India-Vietnam Defence Partnership towards 2030' in June 2022 during the visit of Defence Minister Rajnath Singh to Vietnam," the defence ministry said in a statement. After the meeting, the defence secretary and the deputy minister of national defence of Vietnam signed a Letter of Intent to strengthen ...
India and Vietnam on Thursday firmed up a new action plan to expand their strategic ties, with Prime Minister Narendra Modi asserting that both sides will work towards a free and rules-based Indo-Pacific and that New Delhi supports development and not "expansionism". After his wide-ranging talks with Vietnamese Prime Minister Pham Minh Chinh, Modi said the agreed USD 300 million credit line for Vietnam will strengthen the Southeast Asian nation's maritime security. Chinh arrived in Delhi on Tuesday night on a three-day visit that is aimed at further expanding the comprehensive strategic ties between the two countries. "We have adopted a new plan of action to further strengthen our comprehensive strategic cooperation," Modi said in his media statement in presence of Chinh. Modi said both sides will continue cooperation for a free, open, rules-based and prosperous Indo-Pacific. Vietnam is India's important partner in our Act East Policy and Indo-Pacific vision, he said. "We support
Vietnam's top security official To Lam was confirmed on Wednesday as the nation's new president. He oversaw police and intelligence operations over a period when rights groups say basic liberties have been systematically suppressed, and its secret service was accused of violating international law. Lam was confirmed by Vietnam's National Assembly after his predecessor resigned amid an ongoing anti-corruption campaign that has shaken the country's political establishment and business elites and has resulted in multiple top-level changes in government. Vietnam's presidency is largely ceremonial, but his new role as head of state puts the 66-year-old in a very strong position to become the next Communist Party general secretary, the most important political position in the country, said Nguyen Khac Giang, an analyst at Singapore's ISEAS-Yusof Ishak Institute. Communist Party General Secretary Nguyen Phu Trong was elected to a third term in 2021, but at age 80, he may not seek another .
Union Minister of State for External Affairs Rajkumar Ranjan Singh on Saturday urged airlines from Vietnam to explore launching direct flights to cities in north-eastern states of India to provide increased investment and tourism opportunities to both countries. Guwahati, considered the Gateway to Southeast Asia, has an international airport with direct flights connecting Bangkok and Singapore, Singh said while addressing a session on investment and trade at the North East India Festival here. "All eight North East states are well connected by air, land and rail with other parts of India. I invite airlines from Vietnam to explore possibilities of connecting NE states with cities by air," he said. Singh said that India and Vietnam are long-standing friends with their bilateral relations and friendship rooted in shared history. He said the relation has been further strengthened by India's Act East Policy. "It has further fostered its strategic relationship promoting economic cooperat
External Affairs Minister S Jaishankar met his Vietnamese counterpart Bui Thanh Son on Monday and discussed ways to boost cooperation in the areas of trade, energy, defence and maritime security while also sharing perspectives on the Indo-Pacific region. Jaishankar and Son jointly unveiled the commemorative stamps celebrating 50 years of establishment of diplomatic ties between India and Vietnam. "Stamps depicting Kalaripayattu and Vovinam capture our shared affinity for sports and celebrate the strong cultural, social & people-to-people links between India and Vietnam," he posted on X. Jaishankar, who arrived on a four-day official visit to Vietnam on Sunday, also attended a meeting of the 18th India-Vietnam Joint Commission in Hanoi. "Thank my co-chair @FMBuiThanhSon. Our discussions covered cooperation in political, defense & maritime security, judicial, trade & investment, energy, development, education & training, science & technology, cultural domains," he ...
As Vietnam is largely becoming an emerging tourism destination for Indian travellers, Vietjet, the country's largest private carrier, is getting ready to tap this growing interest by expanding its service to India connecting more cities. A new route connecting Tiruchirappalli (Tamil Nadu) and Ho Chi Minh City is expected to be launched this November, airline authorities said here. Direct flight services from Kerala's Kochi to Ho Chi Minh City had already been launched by the private carrier from Cochin International Airport in August. A senior airline official said here that Vietjet currently has 32 return flights servicing India each week. "From November, Vietjet is expected to launch a new route connecting Tiruchirappalli and Ho Chi Minh City and we have plans to have an initial frequency of three return flights per week, in order to meet rising demand from travellers in both countries," the official, who doesn't want to be named, said. Vietjet would like to eventually expand it