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India-Vietnam meet
Nov 21, 2013

Mr. Nguyen Phu Trong, General Secretary of the Communist Party of the Socialist Republic of Viet Nam paid a State visit to India from 19-22 November, 2013.

The leaders noted that India and Viet Nam had common objectives of inclusive growth and socio-economic development and affirmed that they shared a common vision to meet the aspirations of the peoples of both countries. They also noted that both countries faced similar challenges posed by global economic recession, the menace of terrorism and other issues confronting the international system. The Prime Minister reaffirmed that Vietnam was a pillar of India's Look East Policy, which was supported by the General Secretary. They envisaged a more active role for India in the regional and international arena.

India and Vietnam signed eight agreements including those in areas of defence and security, oil exploration, civil aviation and scientific research. 

The agreement signed during the meet:

a) Air Service Agreement: 

The ASA seeks to promote international air services, including direct flights between the two countries and also to promote an international aviation system based on competition among airlines. The ASA will ensure the highest degree of safety and security in international air services and reaffirms the grave concern about acts or threats against the security of aircraft, which jeopardize the safety of persons or property and adversely affects the operation of air services.

b) Agreement on Protection of Classified Information:

The MoU is based on the principles of the MoU on Defence Cooperation signed between the two countries in November 2009 to recognise the benefits of sharing of information and to confirm mutual interest in protection of such information in accordance with the respective national laws and relevant provisions.

c) MOU between two Ministries of Finance

The MoU will permit the parties to strengthen exchanges and share experiences in the fiscal policies for transitional economies, macro-economic management, budget management process, financial policies to support high technology and software technology development. Exchange of financial policies would be used to develop policies in related areas as mutually agreed by the Parties.

d) Cooperation Agreement between Hanoi National University and Indian Council for Scientific and Industrial Research:

The purpose of the Agreement is to promote Scientific and Technical Cooperation between the two institutions aimed at developing a long term S&T collaboration between the two countries and also promoting friendly relations. This would include exchange of Scientists, Research Scholars and Specialists etc. for the purpose of research, training and consultation.

e) MoU between Vietnam Oil and Gas Group and ONGC Videsh Limited(OVL)

The MoU provides for association in the field of exploration, development and production of petroleum resources between the two countries for new investments by OVL in oil and gas blocks in Vietnam for oil and gas exploration and production. Petro Vietnam is also invited to participate in open blocks in India and in third countries.



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