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India – Vietnam Relations - Coggle Diagram
India – Vietnam Relations
Context
Both signed the 20 Year ‘Joint Vision Statement on India-Vietnam Defence Partnership towards 2030’
MoU on Mutual Logistics Support was also signed
Defence Minister was on a three day official visit to Vietnam.
Prospective signing of Brahmos Deal
Background of ties
Pursued the Geneva Accord of 1954 to facilitate the peace process in Vietnam
India established full diplomatic relations with unified Vietnam on 7 January 1972.
India chaired the International Commission for Supervision and Control (ICSC)
Strategic Partnership since 2007
Traditionally close and cordial bilateral relations
Areas of Cooperation
Development partnership
Mekong Ganga Cooperation (MGC) framework
Defence
Vietnam is interested in India’s Akash surface-to-air systems and Dhruv advanced light helicopters and Brahmos Missiles
India recently handed over 12 high-speed guard boats to Vietnam
Vietnam is an important partner in India’s Act East policy and the Indo-Pacific vision
Economic
India granted “Most Favoured Nation” status to Vietnam in 1975
ONGC videsh to explore South China Sea
FY 2020-21 Bilateral Trade amounted to $11.2 billion USD
Vietnam’s Importance for India
Vietnam has rich hydrocarbon reserves
Vietnam lies at a centrestage of India's “Necklace of Diamonds Strategy”
Connectivity between India and Vietnam via Myanmar and existing transit routes in Cambodia and Laos
India is expanding its naval bases in the region
Vietnam is an important element of India’s Act East Policy
India’s significance to Vietnam
India has additionally conducted capacity-building programs
There are numerous opportunities to increase trade
Countering territorial dispute with Beijing in the South China Sea
Indian companies can infuse much needed capital and technology
Bulwark against the dominance of any single countryin the region
China Factor in bilateral ties
Both have border disputes
It is natural for both the countries to come closer with a view to restrain China
Both countries had fought wars with Chin
China aggressively continues to encroach in the territories of the two countries
Way forward
Leverage the economic opportunities left out of anti-China sentiments
Finalisation of defence deals
Maintaining strategic balance in South East Asia
India can learn from Vietnam’s open trade policy
Same template in engaging with other Southeast Asian states such as the Philippine
Areas for improvement
Rarely are Indian films and television shows broadcast on television channels
Films depicting ancient traditions do not impact the youths and send mixed signals on India’s development.
India’s cultural presence in Vietnam is modest.