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As India, Vietnam strengthen ties, PM Modi speaks against ‘expansionism'

Millennium Post Delhi

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August 02, 2024

India and Vietnam on Thursday adopted an action plan to expand their strategic ties, with Prime Minister Narendra Modi vowing to work jointly for a rules-based Indo-Pacific and asserting that New Delhi supports development and “not expansionism.”

As India, Vietnam strengthen ties, PM Modi speaks against ‘expansionism'

His remarks came amid concerns over China’s military posturing in the region.

The two sides signed six memorandums of understanding (MoUs) and finalised three other documents to broaden cooperation in a range of areas following wide-ranging talks between Modi and his Vietnamese counterpart Pham Minh Chinh.

It was also decided that India will provide a USD 300 million credit line to Vietnam, primarily to strengthen the Southeast Asian nation’s maritime security.

An agreement was sealed between the central banks of the two countries for rolling out digital payment connectivity.

Chinh arrived in Delhi on Tuesday night on a three-day visit aimed at further expanding the comprehensive strategic ties between the two countries.

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