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Modi, Vietnam’s Hung Discuss Defence, Energy and Critical Minerals

Modi, Vietnam’s Hung Discuss Defence, Energy and Critical Minerals
PM Modi holds talks with Vietnamese counterpart · theprint.in

India’s Prime Minister Narendra Modi met Vietnam’s Prime Minister Le Minh Hung during the BRICS Summit.

They talked about working more closely on defence and security.

They also discussed energy, rare earths, critical minerals and space.

The leaders considered creating regular talks between their defence and foreign ministers.

India and Vietnam want to increase their trade to $25 billion by 2030.

They also want stronger investment and cultural ties.

Modi said Vietnam is important to India’s engagement with Southeast Asia and the Global South.

Modi also met Ethiopia’s prime minister to discuss cooperation in several areas, including clean energy and healthcare.

Key facts

India-Vietnam trade target
The two countries are working toward USD 25 billion in bilateral trade by 2030.
Proposed mechanism
India and Vietnam discussed a proposed two-plus-two mechanism involving their defence and foreign ministers.
Main cooperation areas
Defence, security, energy, rare earths, critical minerals and space.
Strategic partnership
India and Vietnam reviewed progress since their ties were elevated to an Enhanced Comprehensive Strategic Partnership.
Vietnam’s regional role
Modi described Vietnam as a key pillar of India’s Act East Policy and MAHASAGAR vision.
India-Ethiopia discussions
Modi and Abiy Ahmed Ali discussed defence, capacity building, investment linkages, critical minerals, clean energy and healthcare.

Quotes

Ministry of External Affairs

India’s foreign ministry

“India and Vietnam share a time-tested friendship rooted in shared civilisational heritage, mutual trust and understanding. Vietnam is a key pillar of India’s Act East Policy and an important partner in India’s broader engagement with Southeast Asia.”
theprint.in
“The meeting provided an opportunity for both leaders to review the progress made in bilateral ties, which were elevated to an Enhanced Comprehensive Strategic Partnership.”
theprint.in

Sources

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