PM begins tour to India

PM Nguyen Tan Dung and his spouse - Photo: VGP/Nhat Bac

The two nations’ traditional relationship and the Strategic Partnership have so far been promoted effectively in five main areas including politics, economics, national security, science technology and culture-education.

India attaches importance to the relations with Viet Nam and regards Viet Nam as the crucial pillar in its Look East policy.

The countries' two-way trade turnover grew 16% annually over the past five years. In 2013, it reached US$5.23 billion, up 30% compared to 2012. It is expected to hit US$15 billion by 2020.

India has so far invested in 78 projects worth more than US$254 million in Viet Nam, ranking 30th among the nations and territories investing in the country. India’s TATA Group will launch the Long Phu 2 thermoelectric plant, worth US$1.8 billion in Soc Trang Province.

The two countries have closely cooperated and supported each other at international and regional forums.