Hanoi (VNA) – Vietnam and India should bolsterinvestment ties in areas of India’s strength and Vietnam’s demand, whileminimizing and generally removing trade obstacles, Prime Minister Nguyen XuanPhuc said to visiting Indian Secretary of State for External Affairs V.K.Singh.
Meeting with Singh in Hanoi on April 21, PM Phuc expressedhope that two-way trade will reach 15 billion USD in 2020.
He noted that Vietnam and India have enjoyed soundtraditional relations with strong mutual trust, lauding India’s goodwill inproviding a preferential credit package to Vietnam for supporting the country’sdevelopment, as well as technical assistance in various fields of Vietnam’s demand.
Vietnam hopes that India will continue strengtheningbilateral defence cooperation, the Government leader said, and affirmed thatVietnam supports India in continuing its oil and gas exploration andexploitation activities at sea.
He underscored that the two sides should foster connectivityin both road and aviation, while create optimal conditions for aviation serviceproviders to open direct air route linking major political and economic centresof both countries.
Highlighting the importance of close coordination of the twocountries at multilateral forums, the PM made clear that Vietnam supports India’s”Act East” policy and higher role and position in the region.
Vietnam supports India in strengthening connectivity andlinks with the ASEAN in all fields, he added.
PM Phuc also lauded the stance and positive statements ofIndia regarding the East Sea issue over the past year, expressing his hope thatIndia will continue raising its voice for peace, stability, maritime andaviation safety and security in the East Sea, upholding the respect forinternational law, including the 1982 UN Convention on the Law of the Sea aswell as diplomatic and legal processes, and the settlement of disputes throughpeaceful methods in line with international law.
On his part, V.K Singh highly valued the sound relationsbetween the two countries and the two government leaders.
He noted that this year, the two sides will celebrate their45th anniversary of diplomatic ties and 25 years of the ASEAN-Indiadialogue partnership of which Vietnam plays the role of coordinator.
He underlined that the two countries should build roadmapsand specific plans to implement their comprehensive strategic partnership moreeffectively.
India is working hard to realise its commitment to provide a500 million USD credit package to Vietnam, while strengthening affiliation withthe country in cyber security, trade protection, defence personnel training,aerospace, and traditional medicine development, he noted.
He also pointed to strong potential in expanding bilateralpartnership, and suggested that Vietnam and India should create favourableconditions for people-to -people exchanges through the opening of air routes,while developing maritime transport to serve trade.-VNA