Both sides agreed to effectively implement the Joint Vision Statement on India-Vietnam Defence Relations of May 2015. Prime Minister Narendra Modi reaffirmed India's significant interest in promoting defence industry cooperation between the two sides and committed to provide a new Line of Credit for Vietnam in this area.
Both sides welcomed the signing of the contract for Offshore High-speed Patrol Boats between M/s Larsen & Toubro and Vietnam Border Guards utilizing the US$100 million Line of Credit for defence procurement extended by India to Vietnam. Prime Minister Modi announced a grant of US$ 5 million for the construction of an Army Software Park at the Telecommunications University in Nha Trang.
The Prime Ministers welcomed the signing of the MOU on Cyber Security between Ministry of Public Security of Vietnam and Ministry of Electronics and Information Technology of India and the transfer of equipment to the Indian funded Indira Gandhi High-Tech Crime Laboratory. They agreed to an early conclusion of the MOU for cooperation between the National Security Council Secretariat of India and the Ministry of Public Security of Vietnam, emphasized the need to establish the Deputy Ministerial level dialogue and to enhance cooperation on traditional and non-traditional security matters, cyber security, counter-terrorism, transnational crimes, disaster management and response, and undertaking training and capacity building programmes.
The two Leaders emphasized that enhancing bilateral economic engagement is a strategic objective. In this regard, they requested the related ministries and agencies on both sides to explore substantive and practical measures to achieve the trade target of US$15 billion by 2020, including but not limited to: utilizing established mechanisms such as the Joint Sub-Commission on Trade, intensifying the exchanges among states of India and provinces of Vietnam, strengthening exchanges of delegation and Business-to-Business contacts, regular organization of trade fairs and events such as the India-CLMV Business Conclave and Vietnam - India Business Forum.
Both sides encouraged greater two-way investment between Vietnam and India. Prime Minister Narendra Modi welcomed Vietnamese companies to take advantage of the various schemes and facilities offered under the 'Make in India' programme.
Prime Minister Nguyen Xuan Phuc welcomed Indian companies to invest in Vietnam and affirmed Vietnam's commitment to create favourable conditions and facilitation for Indian investments in accordance with Vietnamese laws. Prime Minister Modi sought facilitation of the Government of Vietnam for major Indian investments such as Tata Power's Long Phu-II 1320MW thermal power project for achieving contractual conclusion.
The Prime Ministers expressed satisfaction at signing of the Inter-Governmental Framework Agreement between the two countries for Exploration of Outer Space for Peaceful Purposes and urge both sides to soon conclude the Implementing Arrangement between the Indian Space Research Organisation and Vietnam Ministry of Natural Resources and Environment on Establishment of Tracking and Data Reception Station and Data Processing Facility in Vietnam under the India-ASEAN Space Cooperation. The Vietnamese side welcomed the establishment of the facility which would increase capabilities of Vietnam and ASEAN countries in remote sensing with numerous commercial and scientific applications.
Both Vietnam and India stressed the need for reform of the United Nations and expansion of the UN Security Council in both the permanent and the non-permanent categories of membership, with enhanced representation from developing countries. Prime Minister Narendra Modi expressed gratitude for Vietnam's consistent support to India's candidature for permanent membership of a reformed and expanded UNSC. The Prime Ministers reaffirmed support for each other's candidature for non-permanent membership of the UNSC, Vietnam for the term 2020-21 and India for the term 2021-22. Both sides expressed satisfaction at the conclusion of the Program of Cooperation in UN Peacekeeping Matters. The Indian side expressed its commitment to capacity building and training to enable Vietnam's participation in UN peacekeeping operations.
Noting the Award issued on 12 July 2016 of the Arbitral Tribunal constituted under the Annex VII to the 1982 United Nations Convention on the Law of Sea (UNCLOS), both sides reiterated their support for peace, stability, security, safety and freedom of navigation and over flight, and unimpeded commerce, based on the principles of international law, as reflected notably in the UNCLOS. Both sides also called on all states to resolve disputes through peaceful means without threat or use of force and exercise self-restraint in the conduct of activities that could complicate or escalate disputes affecting peace and stability, respect the diplomatic and legal processes, fully observe the Declaration on the conduct of parties in the South China Sea (DOC) and soon finalize the Code of Conduct (COC). They also recognised that the sea lanes of communication passing through the South China Sea are critical for peace, stability, prosperity and development. Vietnam and India, as State Parties to the UNCLOS, urged all parties to show utmost respect for the UNCLOS, which establishes the international legal order of the seas and oceans.
The following Agreements were signed in the presence of the two Prime Ministers:
(i) Framework Agreement on Cooperation in the Exploration and Uses of Outer Space for Peaceful Purposes;
(ii) Protocol for Amending the Agreement on Avoiding Double Taxation;
(iii) Program of Cooperation in UN Peacekeeping Matters;
(iv) Protocol between the Ministry of Foreign Affairs of Vietnam and the Ministry of External Affairs of India on Celebrating 2017 as the "Year of Friendship”;
(v) MOU on Health Cooperation;
(vi) MOU on Cooperation in Information Technology;
(vii) MOU on Cooperation between the Vietnam Academy of Social Sciences and the Indian Council of World Affairs;
(viii) MOU on cooperation in Cyber Security;
(ix) MOU between the Bureau of Indian Standards and Directorate for Standard, Metrology and Quality for Cooperation in the Fields of Standardization and Conformity Assessment;
(x) MOU on Establishment of the Centre of Excellence in Software Development and Training;
(xi) Technical Agreement on Sharing of White Shipping Information;
(xii) Contract for Offshore High-speed Patrol Boats;.
http://www.mea.gov.in/bilateral-doc...during_the_visit_of_Prime_Minister_to_Vietnam
This is L&T OPV
