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 wife, leading a Vietnamese delegation, left Hanoi for India to attend the ASEAN-India Commemorative Summit and the celebration of India’s 69th Republic Day.
Themed “Shared Values, Common Destiny”, the ASEAN-India summit is expected to 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 a dialogue relationship, 15 years since they set up high-level dialogues, and 5 years of a strategic partnership. ASEAN and India have now established 30 high-level dialogue mechanisms.
Bilateral trade between Vietnam and India has increased 150% over the last decade, reaching 76 billion USD in 2017. ASEAN is now India’s fourth largest trading partner and India is the sixth largest trading partner of ASEAN. India is implementing a 75 million USD development fund to support Indian enterprises investing in ASEAN countries like Cambodia, Laos, Myanmar, and Vietnam.