Vietnamese Prime Minister Pham Minh Chinh Visits India
Vietnamese Prime Minister, Pham Minh Chinh, is on a state visit to India. During a business event in New Delhi, he praised the progress India has made under Prime Minister Narendra Modi’s leadership.
Expanding Cooperation
Chinh emphasized the need for India and Vietnam to expand cooperation in new areas such as the digital economy, transportation, and renewable energy. He highlighted the goal of raising bilateral trade to USD 20 billion.
Business and Trade
Vietnam is the 23rd largest global trade partner of India and the fifth largest among ASEAN countries, with bilateral trade of USD 14.70 billion during 2022-23. Vietnam is a key destination for India’s iron, steel, and agricultural products.
New Initiatives
Chinh announced a new air route from Ahmedabad to Da Nang and expressed the need to open up the economy for businesses. He also emphasized cooperation in healthcare, aiming to establish pharmaceutical infrastructure in Vietnam.
Memorandums of Understanding (MoUs)
During the event, multiple MoUs were signed, including those for waste treatment plants, pharmaceutical park developments, stem cell technology, and trade promotion.
Historical Ties
India and Vietnam share age-old historical and civilizational ties, elevated to a Comprehensive Strategic Partnership in 2016. Vietnam is a key pillar of India’s Act East Policy and an important partner in its Indo-Pacific vision.
Upcoming Events
Chinh was received at the Delhi airport by Minister of State for External Affairs Pabitra Margherita. He will receive a ceremonial welcome at Rashtrapati Bhavan and hold talks with Prime Minister Modi, witnessing the signing of cooperation agreements.
Doubts Revealed
Vietnamese Prime Minister -: The Vietnamese Prime Minister is the head of the government in Vietnam, similar to how Narendra Modi is the head of the government in India.
Pham Minh Chinh -: Pham Minh Chinh is the current Prime Minister of Vietnam. He is visiting India to discuss important matters with Indian leaders.
PM Modi -: PM Modi refers to Narendra Modi, who is the Prime Minister of India. He is the leader of the Indian government.
Digital economy -: The digital economy involves using the internet and other digital technologies to do business, like online shopping or digital payments.
Renewable energy -: Renewable energy comes from natural sources that can be replenished, like sunlight, wind, and water. It is better for the environment than using fossil fuels like coal and oil.
Bilateral trade -: Bilateral trade means the exchange of goods and services between two countries. In this case, it refers to trade between India and Vietnam.
USD 20 billion -: USD 20 billion means 20 billion US dollars. It is a large amount of money that India and Vietnam aim to achieve in trade.
Air route -: An air route is a path that airplanes follow to travel from one place to another. The new air route will connect Ahmedabad in India to Da Nang in Vietnam.
MoUs -: MoUs stands for Memorandums of Understanding. These are agreements between two parties to work together on certain projects or areas.
Healthcare -: Healthcare refers to the services provided to keep people healthy, like hospitals, doctors, and medicines.
Waste management -: Waste management involves collecting, treating, and disposing of waste materials in a way that is safe for the environment.