India, Vietnam sign 12 agreements including defence, IT, double taxation
India and Vietnam on Saturday signed 12 agreements in a wide range of areas covering defence, IT, space, double taxation and sharing white shipping information, signalling a strong upward push in their strategic ties.
The agreements were signed by officials of the two sides in presence of Prime Minister Narendra Modi and his Vietnamese counterpart Nguyen Xuan Phuc in Hanoi.
"12 for togetherness! India & Vietnam sign a dozen agreements for further strengthening the Strategic Partnership," External Affairs Ministry Spokesperson Vikas Swarup tweeted.
12 for togetherness!
India & Vietnam sign a dozen agreements for further strengthening the Strategic Partnership pic.twitter.com/Fu4Er17udQ— Vikas Swarup (@MEAIndia) September 3, 2016
Vietnam has shown a keen interest in air and defense production. India's Larsen and Toubro (L&T) will build offshore high speed patrol boats for Vietnamese Coast Guards, while an agreement was signed on programme of cooperation in UN peacekeeping matters.
Indian Navy and Vietnam Navy will cooperate in sharing of white shipping information.
The pacts included agreement on exploration and uses of outerspace for peaceful purposes, agreement on avoidance of double taxation, health cooperation, IT cooperation, cyber security and agreement on contract and design, building of boat in India, equipment supply and technology transfer.
In addition, meamorandum of understanding (MoU) between Vietnamese Academy of Social Science and Indian Council of World Affairs, MoU between BIS and STAMEQ for mutual recognition of standards, agreement on setting up of sustainable IT Infra for advanced IT training and protocol between Vietnam and India on celebrating 2017 as 'The Year Of Friendship' were also signed.
Swarup quoting PM Modi said on Twitter, "We agreed to take several decisions today to move on the pledge of our partnership."
PM @narendramodi: We agreed to take several decisions today to move on the pledge of our partnership pic.twitter.com/PefqpVic2n
— Vikas Swarup (@MEAIndia) September 3, 2016
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
11:26 AM IST