India-Vietnam Leaders’ Virtual Summit

India-Vietnam Leaders’ Virtual Summit

Part of: GS Prelims and GS-II – International Relations

In news

• Indian Prime Minister held a Virtual Summit with H.E. Nguyen Xuan Phuc, Prime Minister of Vietnam.

Key takeaways 

• A ‘Joint Vision for Peace, Prosperity and People’ document was adopted during the Summit, to guide the future development of the India-Vietnam Comprehensive Strategic Partnership.
• Both leaders also welcomed the signing of a Plan of Action for period 2021-2023 for further implementation of Comprehensive Strategic Partnership to implement the Joint Vision.
  

Announcements made:

• Implementation of the High Speed Guard Boat (HSGB) Manufacturing Project for Vietnam Border Guard Command under the US$ 100 million Defence Line of Credit extended by Government of India to Vietnam;
• Completion and handing over of seven Development Projects with Indian ‘Grant-in-Aid’ Assistance of US$ 1.5 million for the benefit of local community in Vietnam’s Ninh Thuan province.
• Enhancing the number of annual Quick Impact Projects (QIPs) from currently five to ten commencing FY 2021-2022.
• Three new Development Partnership projects in heritage conservation in Vietnam (F-block of Temple at My Son; Dong Duong Buddhist Monastery in Quang Nam province; and Nhan Cham Tower in Phu Yen province).
• Launch of bilateral project for preparing an Encyclopaedia on India – Vietnam Civilizational and Cultural Relations.