Key agreements signed in India-Vietnam virtual summit

India-Vietnam virtual summit was recently held on December 21. PM Modi represented the Indian side while Vietnamese PM Nguyen Xuan Phuc represented the other side. India and Vietnam signed 7 agreements in the virtual summit in different areas.

Both the PMs adopted the joint statement of Peace, Prosperity, and People and signed the Plan of Action for the period 2021-2023.

Key Points

  • An agreement between the Atomic Energy Regulatory Board (AERB) of India and the Vietnam Agency for Radiation and Nuclear Safety (VARANS) has been signed to promote cooperation in nuclear safety and radiation protection.
  • An agreement has been signed between Vietnam Petroleum Institute and CSIR-Indian Institute of Petroleum for promoting cooperation in petroleum research and training.
  • Vietnam National Cancer Hospital and Tata Memorial Centre of India signed an agreement for promoting exchanges in the field of health care services, training and scientific research, collaboration in diagnosis and treatment for cancer patients.
  • The National Solar Federation of India and Vietnam Clean Energy Association signed an agreement for promoting the exchange of information between solar power industries of both countries and exploring new business opportunities.
  • India will provide a grant of US$ 5 million for Army Software Park at National Telecommunications University, Nha Trang, Vietnam. For this, an agreement has been signed between the Indian Embassy, Hanoi, and Telecommunications University, Vietnam.
  • An implementing arrangement has been signed between the Dept. of Defence Production, India, and General Dept. of Defence Industry, Vietnam for promoting cooperation between the defence industries of the two countries.
  • An implementing arrangement has been signed between the Vietnam Dept. of Peacekeeping Operations for Cooperation and Centre for United Nations Peacekeeping Operations, India for cooperation in the field of UN Peacekeeping.

Other Announcements

A bilateral project for preparing an Encyclopedia on India – Vietnam Civilizational and Cultural Relations will be launched.

The number of annual Quick Impact Projects (QIPs) will be enhanced to 10 for FY 2021-2022 from 5.

Other announcements include implementing High-Speed Guard Boat (HSGB) Manufacturing Project for Vietnam Border Guard Command through the Defence Line of Credit of US$ 100 million extended by India to Vietnam, the launch of two HSGBs manufactured in India, handing one completed HSGB to Vietnam, etc.