Vietnam seeks defence collaboration, Indian investments

Vietnam seeks defence collaboration, Indian investments

Agency News

Hanoi, May 12: Vietnam has proposed India to continue boosting collaboration between the defence forces of the two countries and sharing its experience in UN peacekeeping operations.

Prime Minister Nguyen Xuan Phuc welcomed Indian investment in sectors such as information technology, infrastructure, energy and hi-tech agriculture.

At a meeting with Vice President Venkaiah Naidu here on Saturday, he said that India should also continue assisting Vietnam in human resources training. He asked for the prime minister's personal intervention in facilitating entry of Indian pharmaceutical products into Vietnam, saying that Indian companies can provide medicines and high-tech health systems for public health at an affordable cost.

Both leaders agreed to consider the opening of the Indian market for Vietnam’s longan, grapefruit, rambutan and durian, and allowing India’s pomegranate, grapes and millet to enter the Vietnamese market.

They suggested detailed plans be made to carry out trade deals, dismantling barriers and take two-way trade to $15 billion by 2020 from the current $14 billion.

Naidu sought the personal intervention of the prime minister in facilitating entry of Indian pharmaceutical products into Vietnam and offered Indian assistance in satellite construction, both for civilian and non-civilian uses, to the Southeast Asian nation. The leaders also pledged to create favourable conditions for Vietjet, Indigo and other airlines to soon launch direct air routes connecting the two nations.

Private airline Indigo plans to start direct flights between India and Vietnam later this year. (UNI)