Vietnam, India approve 2024-2028 action plan for Comprehensive Strategic Partnership

By Vietnam News Agency/The Investor
Fri, August 2, 2024 | 12:14 pm GMT+7

Vietnam and India adopted a joint statement on strengthening their bilateral Comprehensive Strategic Partnership during Prime Minister Pham Minh Chinh's state visit to India from July 31-August 1.

The statement aims for higher political-strategic trust, deeper defense-security cooperation, more substantial and effective economic-trade-investment collaboration, broader cooperation in science-technology, and closer cultural-tourism and people-to-people exchange. The two sides proposed priorities to materialize the goals.

The two sides also approved a plan of action to implement their Comprehensive Strategic Partnership in 2024-2028 and exchanged diplomatic notes on Vietnam’s joining the Coalition for Disaster Resilient Infrastructure (CDRI).

The two PMs launched a military software park in Nha Trang town in Vietnam’s south-central province of Khanh Hoa.

Ministries, sectors and agencies of the two countries signed and exchanged nine cooperative documents in healthcare, justice, diplomacy, human resources training, agricultural science, broadcasting, tourism, culture and agriculture.

Businesses of the two sides also inked 10 deals in infrastructure, logistics, aviation, tourism, culture, and pharmaceuticals.

Prime Minister Pham Minh Chinh leaves India, concluding his successful state visit. Photo courtesy of Vietnam News Agency.

Prime Minister Pham Minh Chinh leaves India, concluding his successful state visit. Photo courtesy of Vietnam News Agency.

PM Chinh's state visit to India at the invitation of Indian Prime Minister Narendra Modi has contributed to turning a page in the Vietnam-India Comprehensive Strategic Partnership with broader and more substantial cooperation, in the interest of each country and their people, and for the sake of peace, friendship and cooperation in the region and the world.

During the visit, the first by Chinh as Prime Minister and also the first by a Vietnamese PM to India in 10 years, PM Chinh engaged in over 20 activities in various fields.

He has held talks and meetings with PM Modi, President Droupadi Murmu, Vice President and Chairman of the Indian Upper House (Rajya Sabha) Jagdeep Dhankhar and speaker of the Lok Sabha (lower house) Om Birla.

The Vietnamese PM also met with leaders of some Indian political parties, attended the Vietnam-India business forum, delivered a policy speech at the Indian Council of World Affairs, visited the Vietnamese Embassy in India and met with representatives from the Vietnamese community in the South Asian country.

PM Chinh and Indian leaders reviewed bilateral ties and set orientations for the two countries to further deepen their Comprehensive Strategic Partnership.

Comments (0)
  • Read More
MBBank ranks among Vietnam's leading lenders for SME working capital in key industries

MBBank ranks among Vietnam's leading lenders for SME working capital in key industries

Military Bank (MB) has emerged as one of Vietnam’s leading providers of working capital financing for small and medium-sized enterprises (SMEs) operating in key economic sectors, according to National Credit Information Center (CIC) data.

Banking - Fri, May 8, 2026 | 8:56 am GMT+7

Hanoi eyes massive replanning of Red River corridor, relocation of riverside communities

Hanoi eyes massive replanning of Red River corridor, relocation of riverside communities

Hanoi plans to gradually relocate and reorganize all residential areas outside the Red River dike system as part of an ambitious urban redevelopment strategy aimed at transforming both banks of the river into a new economic and cultural corridor for the capital.

Economy - Thu, May 7, 2026 | 5:04 pm GMT+7

Thaco, VinFast, TC Group urge Vietnam gov't to keep auto sector under conditional business rules

Thaco, VinFast, TC Group urge Vietnam gov't to keep auto sector under conditional business rules

Vietnam’s three major domestic automotive corporations - Thaco, VinFast and TC Group - have urged the government to maintain automobile manufacturing, assembly and import activities within the list of “conditional business sectors,” warning that deregulation could weaken the country’s long-term industrial strategy and expose local producers to unfair competition.

Economy - Thu, May 7, 2026 | 4:09 pm GMT+7

Prudential Vietnam remits $194 mln in retained earnings to parent company

Prudential Vietnam remits $194 mln in retained earnings to parent company

Prudential Vietnam transferred over VND5.1 trillion ($194 million) in retained earnings to its parent company, Prudential Corporation Holdings, earlier this year, according to disclosures in its 2025 financial statements.

Finance - Thu, May 7, 2026 | 3:33 pm GMT+7

$120 mln export ambition: What drives Vietnam’s home appliance giant Sunhouse to strengthen position in global supply chain?

$120 mln export ambition: What drives Vietnam’s home appliance giant Sunhouse to strengthen position in global supply chain?

The prominent presence of Sunhouse, Vietnam’s leading home appliance brand, at the 139th Canton Fair reinforces its strategic direction to become a key manufacturing partner in the global supply chain.

Companies - Thu, May 7, 2026 | 2:10 pm GMT+7

Vietnam makes 'huge difference' in terms of accessibility criteria: FTSE Russell exec

Vietnam makes 'huge difference' in terms of accessibility criteria: FTSE Russell exec

Vietnam has made “significant progress in meeting the requirements” over the past two years for an upgrade from frontier market to secondary emerging market status, said Wanming Du, FTSE Russell's Asia-Pacific director of index policy.

Finance - Thu, May 7, 2026 | 11:54 am GMT+7

Taiwan's electronics major Lite-On to pump additional $149 mln into Vietnam arms

Taiwan's electronics major Lite-On to pump additional $149 mln into Vietnam arms

Taiwanese electronics maker Lite-On Technology plans to inject an additional $149 million into its wholly owned subsidiaries in Vietnam, as part of efforts to expand production capacity and strengthen its manufacturing footprint.

Industries - Thu, May 7, 2026 | 8:00 am GMT+7

FedEx forms strategic tie-up with Viettel Post in push for Vietnam expansion

FedEx forms strategic tie-up with Viettel Post in push for Vietnam expansion

FedEx Express and Viettel Post, an arm of Vietnam's military-run telecom giant Viettel, have announced a strategic partnership with a view to strengthening nationwide delivery capabilities and enhance cross-border logistics connectivity.

Companies - Wed, May 6, 2026 | 5:16 pm GMT+7

Van Phu Invest, T&T Group exit Hanoi’s $27 bln Red River megaproject consortium

Van Phu Invest, T&T Group exit Hanoi’s $27 bln Red River megaproject consortium

Two more developers, Van Phu Invest and T&T Group, have withdrawn from the investor consortium for Hanoi’s Red River Scenic Boulevard project, leaving a three-member group to pursue the plan.

Real Estate - Wed, May 6, 2026 | 3:10 pm GMT+7

Gemadept eyes integrated maritime group expansion

Gemadept eyes integrated maritime group expansion

Gemadept is shifting strategy toward becoming an integrated maritime logistics group, as the company embarks on a new expansion cycle focused on shipping and inland waterway transport.

Companies - Wed, May 6, 2026 | 2:39 pm GMT+7

Five notable trends in Vietnam’s industrial real estate

Five notable trends in Vietnam’s industrial real estate

FDI inflows remain central to driving demand for industrial real estate. However, the trend is shifting - from a focus on processing and assembly toward high-tech manufacturing, research and development, writes Phung Xuan Minh, chairman of Saigon Ratings.

Industrial real estate - Wed, May 6, 2026 | 12:45 pm GMT+7

Middle East revenue share limited, impact manageable: top seafood exporter Vinh Hoan

Middle East revenue share limited, impact manageable: top seafood exporter Vinh Hoan

Vinh Hoan Corporation's revenue exposure to the Middle East remains limited, helping shield the company from geopolitical tensions in the region, said its chairwoman Truong Le Khanh.

Companies - Wed, May 6, 2026 | 11:11 am GMT+7

Banks should cut lending rates to lowest possible level: Deputy PM

Banks should cut lending rates to lowest possible level: Deputy PM

Vietnam’s Deputy Prime Minister Nguyen Van Thang has called for lending rates to be reduced to the lowest possible level, with a focus on priority sectors to better support businesses and economic growth.

Banking - Wed, May 6, 2026 | 8:50 am GMT+7

Japan’s Nishi-Nippon Railroad plans to build 22,000 homes in Vietnam by 2035

Japan’s Nishi-Nippon Railroad plans to build 22,000 homes in Vietnam by 2035

Japan’s Nishi-Nippon Railroad, widely known as Nishitetsu, plans to develop 22,000 housing units in Vietnam by 2035 via a partnership with local developer Nam Long Investment Corporation (HoSE: NLG).

Real Estate - Tue, May 5, 2026 | 9:49 pm GMT+7

Vietnam's tech unicorn VNG books record quarterly profit since 2022 listing

Vietnam's tech unicorn VNG books record quarterly profit since 2022 listing

Vietnam’s tech unicorn VNG (UPCoM: VNZ) reported its highest quarterly profit since going public in 2022, as growth across core business segments and tighter cost controls lifted earnings in Q1/2026.

Companies - Tue, May 5, 2026 | 4:01 pm GMT+7

Dragon Capital Vietnam posts best quarterly profit in 3 years

Dragon Capital Vietnam posts best quarterly profit in 3 years

Dragon Capital Vietnam (UPCoM: DCV) reported its strongest quarterly earnings in three years, driven by robust growth in investment advisory and asset management activities.

Companies - Tue, May 5, 2026 | 3:44 pm GMT+7