Manila(VNA) – Prime Minister Nguyen Xuan Phuc met with his Indian counterpart NarendaModi on the sidelines of the 31st ASEAN Summit and related meetings in Manila, thePhilippines, on November 14.
PM Nguyen Xuan Phuccongratulated India on its socio-economic achievements and affirmed thatVietnam has continuously attached significance to developing the traditionalfriendship and comprehensive strategic partnership with India.
The Indian PM alsohailed Vietnam’s socio-economic development and international integration, andreiterated that his country continues considering Vietnam one of the pillars inits “Act East” policy.
The two PMsexchanged measures to boost bilateral cooperative ties, agreeing to step up defencepartnership with India providing technology transfer and financial credit forVietnam.
The two sidesexpressed their belief that the two-way trade between the two countries willreach 15 billion USD in 2020, and agreed on ways to boost aviation and maritimeconnection.
India will increaseits investment in Vietnam’s large potential sectors, such as infrastructurefacility, information and communication technology, mechanical engineering, industrialparks building, hi-tech agriculture.
The two sides reached consensus on pushing for cooperation in energy, referringto India conducting oil and gas exploration and production and building thermalelectricity plants.
The two sides alsoagreed on implementing the framework agreement on exploring and using the spacefor peaceful purposes while boosting cooperation in economic development,culture, and people-to-people exchange.
They discussedregional and international issues of shared interest. Vietnam backs India’s ActEast policy and its greater role in the region and the strategic partnershipwith ASEAN. The two sides will continue coordinating and supporting each otherat international and regional forums.
The two PMs sharedthe view on the importance of ensuring peace, stability, security, safety, andaviation and maritime freedom in the East Sea, highlighting the compliance withinternational law, including the United Nations’ Convention on the Law of theSea (UNCLOS) in 1982, with respect to the diplomatic and legal processes,settlement of disputes with peaceful measures on the basis of internationallaw.-VNA