PM begins tour to India

October 27, 2014 | 10:11

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PM Nguyen Tan Dung left Ha Noi on October 27 for an official visit to India at the invitation of his Indian counterpart Narendra Modi.

PM Nguyen Tan Dung and his spouse - Photo: VGP/Nhat Bac

The two nations’ traditional relationship and the Strategic Partnership have so far been promoted effectively in five main areas including politics, economics, national security, science technology and culture-education.

India attaches importance to the relations with Viet Nam and regards Viet Nam as the crucial pillar in its Look East policy.

The countries' two-way trade turnover grew 16% annually over the past five years. In 2013, it reached US$5.23 billion, up 30% compared to 2012. It is expected to hit US$15 billion by 2020.

India has so far invested in 78 projects worth more than US$254 million in Viet Nam, ranking 30th among the nations and territories investing in the country. India’s TATA Group will launch the Long Phu 2 thermoelectric plant, worth US$1.8 billion in Soc Trang Province.

The two countries have closely cooperated and supported each other at international and regional forums.

VGP

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