PM Nguyen Xuan Phuc leaves for ASEAN-India summit
(VOVWORLD) - At the invitation of Indian Prime Minister Narendra Modi, Prime Minister Nguyen Xuan Phuc and his spouse, leading the Vietnamese delegation, left Hanoi for India to attend the ASEAN-India Commemorative Summit as well as the celebration of India’s 69th Republic Day.
 Prime Minister Nguyen Xuan Phuc (Photo VNA) |
With the theme “Shared Values, Common Destiny”, the ASEAN-India summit is considered a significant occasion to further boost the already flourishing ties between Vietnam and India. The event will also be a demonstration of Vietnam’s coordinating role in the growing relationship between ASEAN and India.
In 2017, ASEAN and India marked 25 years since they established the dialogue relationship, 15 years since setting up high-level dialogues, and five years of their strategic partnership.
The bilateral relationship continues to develop comprehensively on all three pillars, namely politics-security, economy, and culture-society. Bilateral trade between the two partners has increased 2.5 times over the last decade, reaching 76 billion USD in 2017.
Currently, ASEAN is the fourth largest trading partner of India, while India remains the sixth largest trading partner of ASEAN.
India is implementing a development fund of 75 million USD to support its enterprises investing into ASEAN countries such as Cambodia, Laos, Myanmar, and Vietnam, among others