During the recent visit of India’s Defence Minister to Vietnam, both countries agreed to boost bilateral cooperation, in particular defence partnership. Wide-ranging discussions on effective and practical initiatives to further expand bilateral defence engagements and regional and global issues were held between the two sides.
India-Vietnam Defence Partnership towards 2030: Both countries signed the ‘Joint Vision Statement on India-Vietnam Defence Partnership towards 2030’ to strengthen bilateral defence cooperation.
Mutual Logistics Support: India and Israel signed a Memorandum of Understanding (MoU) on Mutual Logistics Support. Logistics agreements are administrative arrangements facilitating access to military facilities for exchange of fuel and provisions on mutual agreement.
This is the first agreement of its kind that Hanoi has entered into with any other country and elevates the standing of Comprehensive Strategic Partnership (CSP) which Hanoi shares with New Delhi since 2016 (along with only Russia and China).
Defence Line of Credit: Both sides agreed on the early finalisation of the USD 500 million Defence Line of Credit extended to Vietnam. The credit will add substantially to Vietnam’s defence capabilities while furthering the government’s vision of ‘Make in India, Make for the World.’
Simulators and a Monetary Grant: India will gift two simulators and a monetary grant towards setting up of Language and IT (Information Technology) Lab at the Air Force Officers Training School for capacity building of the Vietnamese Armed Forces.
