Prime Minister Narendra Modi’s Virtual Summit with Prime Minister of Viet Nam Nguyen Xuan Phuc will also seek to achieve a resilient supply chain for strengthening business links and explore partnership to ensure rules-based order in the Indo-Pacific region. Modi is expected to emphasise on Freedom of Navigation in the South China Sea region.
This summit caps the series of high-level exchanges with Viet Nam this year, which witnessed the visit of Vietnam’s Vice President to India in February and the telephonic conversation between the two Prime Ministers in April to discuss the Covid-19 pandemic. The two Prime Ministers also met online during the 17th ASEAN-India Summit last month.
During the Summit, the two leaders will exchange views on wide-ranging bilateral, regional and global issues and provide guidance for CSP. They are also likely to issue a Joint Vision for this, ET has learnt. In addition, a number of agreements/announcements are likely, covering areas such as defence, energy, development partnership and healthcare, ET has further learnt.
Implementation of India’s Defence Line of Credit for high speed guard boats for Vietnam will be further progressed. New opportunities in renewable energy cooperation will also be explored, according to persons familiar with this sector.
India’s development and capacity building assistance to Vietnam through initiatives such as Quick Impact Projects (QIPs), ITEC and e-ITEC initiatives, PhD fellowships, as well as projects in water resource management in Vietnam’s Mekong Delta region, SDGs, digital connectivity and heritage conservation are also likely to be discussed.
The timing of the Virtual Summit in the context of the Covid-19 pandemic will also allow the two leaders to take stock of the regional and global landscape and exchange views on their respective strategies to deal with the pandemic as well as the post-pandemic economic revival. In this context, the existing economic and trade linkages between the two countries provide a useful platform to explore new and resilient supply chains, ET has learnt.
Both India and Vietnam are important countries in the Indo-Pacific region with significant maritime interests. This will enable the two sides to explore potential cooperation based on India’s Indo Pacific Ocean’s Initiative and ASEAN’s AOIP that Vietnam subscribes to. The two countries have shared interest in a free, open, peaceful, prosperous and a rules-based regional order.
India and Vietnam are also going to concurrently serve on the UN Security Council in 2021 as non-permanent members. This opens up new opportunities for closer cooperation and coordination on regional and international issues, as well as a shared agenda for respect of international law and reformed multilateralism, sources informed. Both India and Vietnam bring voices of moderation and equity in global discourse, which is important as both sides discuss the role of international organizations in dealing with contemporary challenges.