In an effort to fortify their development partnership, India and Vietnam have signed seven agreements spanning defence, petrochemicals, and nuclear energy. The main objective of this partnership is to facilitate the achievement of Sustainable Development Goals (SDGs) and develop capabilities to combat climate change effectively.
Understanding the Memorandums of Understanding (MoU) / Agreements
These agreements encompass a multitude of domains including IT, UN peacekeeping, and cancer research. Notably, one agreement allocates a $5 million Indian Grant Assistance for the Army Software Park at the National Telecommunications University in Nha Trang, Vietnam. Both countries also pledged to increase bilateral cooperation between their regulatory bodies in radiation protection and nuclear safety.
Defence and Security: A Pillar of Stability
The defence and security alliance between India and Vietnam serves as a stabilising factor in the Indo-Pacific region. To strengthen this relationship, both nations plan to amplify military exchanges, training programmes and defence industry collaboration. The VINBAX military exercise is a representation of this strengthened bond.
Addressing Security Threats
Together, India and Vietnam are implementing plans to counter traditional and non-traditional security threats in various domains. An example of this is the High Speed Guard Boat (HSGB) Manufacturing Project for Vietnam Border Guard Command, financed by a $100 million Defence Line of Credit extended by the Indian Government.
United Against Terrorism
Joining efforts in the fight against terrorism, both countries are working to build a strong consensus for the early adoption of the Comprehensive Convention on International Terrorism (CCIT).
South China Sea: A Call for Peace and Stability
Both nations have affirmed the importance of maintaining peace, security, and freedom in the South China Sea, emphasizing peaceful resolution of disputes in accordance with international law.
Cooperation at Various Forums
The aim is to bolster multilateral and regional cooperation through United Nations, ASEAN-led mechanisms and Mekong sub-regional cooperation.
Management of Covid-19 Pandemic
In dealing with the global pandemic, both nations will collaborate in sharing experiences, coordinating health professional training, and promoting open supply chains.
Economic Cooperation: Exploring New Horizons
India and Vietnam share a comprehensive strategic partnership, reflected through their respective economic goals. They aim to fully explore the potential of their economies in various segments including blue economy, MSMEs and farming communities.
Cooperation on Climate Change
Acting as partners in new and renewable energy resources, energy conservation and other climate-resilient technologies, both nations are looking forward to Vietnam’s possible future participation in the International Solar Alliance.
Cultural Cooperation and Links
Cultural exchange is another aspect of this partnership, with plans to publish an Encyclopedia of India – Vietnam Cultural and Civilizational Relations to mark their 50th anniversary of diplomatic ties in 2022.
People-to-People Exchange: Facilitating Tourism and Education
By increasing direct flights, easing visa procedures and promoting tourism, India and Vietnam aim to strengthen people-to-people exchange. This includes enhancing Parliamentary exchanges, collaborations between educational institutions, joint research programmes, and media exchanges among others.
The Way Forward
Vietnam plays a vital role in India’s Act East policy and there is ample scope for increased cooperation. This partnership holds significance in maintaining strategic balance in South East Asia, which is witnessing aggressive Chinese activities. Both countries need to leverage the economic opportunities arising from anti-China sentiments and companies shifting away from China. Considering the strategic challenges in the Indo-Pacific region, primarily those posed by China, India and Vietnam should work in close coordination at multilateral institutions.
