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India and Vietnam Strengthen Strategic Partnership Amid Regional Challenges

India and Vietnam have taken a significant step in their diplomatic relations by upgrading to an enhanced comprehensive strategic partnership. This move, following discussions between Prime Minister Narendra Modi and President To Lam, aims to strengthen economic and defense ties. Both leaders emphasized their shared vision for the Indo-Pacific region and the importance of cooperation in maintaining peace and stability. The agreement includes linking India's UPI with Vietnam's payment system and enhancing collaboration between their central banks. As regional tensions rise, particularly concerning China's military activities, this partnership is seen as a crucial development for both nations. Read on to discover more about this pivotal diplomatic engagement.
 

Strengthening Ties Between India and Vietnam

PM Modi and Vietnam President To Lam (left), during a joint press statement, in New Delhi on Wednesday. (Photo:PTI)


New Delhi, May 6: On Wednesday, India and Vietnam upgraded their relationship to an enhanced comprehensive strategic partnership, committing to significantly bolster their economic and defense collaborations following discussions between Prime Minister Narendra Modi and Vietnamese President To Lam.


Modi emphasized that both nations share a unified perspective on the Indo-Pacific, pledging to work together towards upholding the rule of law, peace, stability, and prosperity.


"Vietnam is a crucial component of India's Act East Policy and Vision Ocean. We also share a common vision for the Indo-Pacific region," Modi stated.


The Prime Minister highlighted India's intention to expand its relations with ASEAN, leveraging Vietnam's cooperation.


"By enhancing our defense and security collaboration, we will continue to contribute to the rule of law, peace, stability, and prosperity," he remarked.


To improve financial connectivity, both countries have agreed to strengthen cooperation between their central banks.


Modi also announced that India's UPI will soon be linked with Vietnam's fast payment system.


It was noted that discussions during the delegation-level talks included concerns regarding China's increasing military assertiveness.


Lam, who is on his first state visit since being elected President this month, arrived in India with a high-level delegation on Tuesday.


In his comments, Lam expressed that both nations are committed to deepening political trust and enhancing security cooperation.


Last year, the two countries signed an agreement to establish a framework for submarine search, rescue, and support mechanisms, along with a letter of intent to bolster bilateral defense industry collaboration.