India and Vietnam on January 24, 2018 exchanged Memorandums of Understanding (MoUs) for cooperation in the field of Information and Broadcasting and space.
The agreements were exchanged in the presence of Indian Prime Minister Narendra Modi and his Vietnam counterpart, Nguyen Xuan Phuc.
MoU for cooperation in Information and Broadcasting Sector
The two nations agreed to enhance cooperation in the field of Information and Broadcasting based on principles of equality and reciprocity pursuant to their national laws and regulations.
The countries even agreed on the implementation of the arrangement between the Indian Space Research Organisation (ISRO) and Vietnam's National Remote Sensing
Department for the establishment of tracking and data reception station and data processing facility in Vietnam under the ASEAN-India Space Cooperation.
MoU on Space Cooperation
The agreements exchanged between the two nations for space cooperation would define the framework and conditions of cooperation for the establishment of a facility to provide Indian remote sensing satellite data over ASEAN region.
This would enable remote sensing applications, which include natural resources management, ocean development and disaster management by the ASEAN member states.
Besides this, both the leaders also discussed cooperation in trade and investment, defence, maritime and other areas.