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India and Vietnam signed eight agreements

Nov 21, 2013 09:09 IST

India and Vietnam signed eight agreements on 20 November 2013 in areas of defence and security, oil exploration, civil aviation and scientific research. India will also assist Vietnam in the modernization and training of the defence and security forces of Vietnam and agreed to give a 100 million dollar line of credit to Vietnam for defence purchases.

The agreements were signed by Prime Minister, Manmohan Singh and General Secretary of the Communist Party of Vietnam, Nguyen Phu Trong in New Delhi after delegation level talks.

S.No

Name

Vietnamese Signatory

Indian Signatory

Remarks

1.

Air Service Agreement

Dinh La Thang, Minister for Transport

Ajit Singh, Minister for Civil Aviation

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.

2.

MOU for setting up of the Indira Gandhi Hightech Crime Lab (IGHCL ) in Hanoi

Lieutenant General Le Quy Vuong,
Deputy Minister for Public Security

Preeti Saran, Ambassador of India to Vietnam

The MoU reaffirms the desire to further strengthen and consolidate the cooperation between the two countries in the field of crime investigation, counter terrorism and other transnational organized crime, and other relevant areas. India shall provide financial grant towards procurement of technical equipment for IGHCL, teaching aids, training programmes for staff members and deputation of experts and Vietnam shall provide a permanent venue and related infrastructure to establish the IGHCL in Hanoi.

3.

Agreement on Protection of Classified Information

Senior Lieutenant General Nguyen Chi Vinh, Deputy Minister for Defence

Radha Krishna Mathur,
Defence Secretary

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.

4.

MOU between two Ministries of Finance

Vu Thi Mai, Deputy Minister for Finance

Arvind Mayaram, Secretary, Dept. of Economic Affairs

The MoU will permit the parties to strengthen exchanges and share experiences in the fiscal policies for transitional economies, macroeconomic 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.

5.

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

Prof. Phung Xuan Nha, President of Vietnam National University, Hanoi

Prof. Samir K Brahmachari, DG CSIR & Secretary, Dept. of Scientific & Industrial Research

The purpose of the Agreement is to promote Scientific and Technical Cooperation between the two institutions aimed at developing 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.

6.

MoU on Cooperation between India Institute of Management (IIM) Bangalore and HCM National Academy of Public Administration

Prof. Truong Thi Thong, Vice President of Ho Chi Minh National Academy of Public Administration

Prof. Devanath Tirupati,
Director (In-Charge), IIMB

The MoU shall focus on the activities and programmes such as exchange of faculty members and students, joint research activities, participation in seminars and academic meetings, exchange of academic materials and other information, special short-term academic programmes, training programmes and study tours. The cooperation will initially be focused on Public Policy, Entrepreneurship, Corporate Governance, Training for executives from public and private sector enterprises, Social Sciences and Student & Faculty Exchanges.

7.

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

Nguyen Vu Truong Son, Vice President of Petro Vietnam

D. K. Saraf Managing Director, 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.

8.

MOU between Vietnam Ministry of Industry and Trade and Tata Power Ltd. on development of Long Phu 2 Thermal Power Project in Soc Trang, Vietnam

Nguyen Khac Tho, Deputy Director General of the Energy Department

Anil Sardana, Chief Executive Officer of Tata Power

The MoU approves TATA Power belonging to TATA Group to act as Investor to develop Long Phu 2, coal-fired Power Plant Project of 2x660 MW capacity. The Project will be designed, engineered, procured, contracted, constructed, owned, operated and maintained through a BOT Company owned by TATA Power and additional investors, with TATA Power as the lead member and will reach commercial operation in accordance with Agreements with the Vietnam side.

Is this article important for exams ? Yes57 People Agreed

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