India and Vietnam on 25 May 2015 signed a Joint Vision Statement on Defence Cooperation for the period 2015-2020 in New Delhi.
It was signed by the Indian Defence Minister Manohar Parrikar and the Vietnamese Minister for National Defence General Phung Quang Thanh.
The statement is an outcome of delegation level talks held in New Delhi to discuss cooperation on maritime security.
Besides the Joint statement, a Memorandum of Understanding (MoU) on cooperation between the Coast Guards of the two countries was also signed in the presence of the two Defence Ministers.
Earlier, in October 2014, India announced 100 million US dollar line of credit to Vietnam during the Vietnamese Prime Minister Nguyen Tan Dung visit to the country to enable Vietnam acquire new naval vessels from India.
The above initiatives of the Union Government are part of its Act East policy, aimed at deepening its strategic and economic relations with Asian countries and curtailing growing China’s influence in the region.
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