Official calls and interaction with dignitaries of the Vietnamese government as well as guided tours and sports events for the visiting Indian Navy personnel have also been planned, the statement said.
Following the completion of harbour phase of activities, both the navies would conduct joint exercises.
India-Vietnam relations have grown stronger in recent years due to a vibrant economic engagement and growing convergence on political, regional and security issues.
"These high-level visits followed by regular exchanges from defence services have added momentum into ongoing bilateral defence and security cooperation," the embassy said.
Bilateral defence cooperation is a vital component of the 'Comprehensive Strategic Partnership' between India and Vietnam.
The Indian Navy has extensive interactions with Vietnam People's Navy, particularly in the field of training, repairs, maintenance and logistics support aimed at capacity building.
Earlier this month, in a series of ships' port calls between two countries, an Indian Coast Guard ship ICGS VIJIT paid a port call to Danang from April 1 to 4.
"There is growing convergence between India and Vietnam on various regional and international issues. Both countries are committed to building a peaceful and prosperous Asia and the Indo-Pacific region on the basis of respect for national sovereignty and international law as well as freedom of navigation, overflight and unimpeded economic activities.
"The current visit seeks to enhance bilateral maritime cooperation and will further bolster the strong bonds of friendship between the two countries and contribute to security and stability in the region and the world at large," the statement added.
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