India-Vietnam Elevate Ties to Enhanced Comprehensive Strategic Partnership During State Visit

India and Vietnam elevate their ties to an Enhanced Comprehensive Strategic Partnership during the visit of the President of Vietnam to India. The development is for trade, defence, maritime cooperation, and Indo-Pacific engagement.

India–Vietnam Enhanced Comprehensive Strategic Partnership:

Dimension	Key Details
Partnership Upgrade	The Enhanced Comprehensive Strategic Partnership marks an elevation of the Comprehensive Strategic Partnership established in 2016.
Trade Target	India and Vietnam have set a bilateral trade target of $25 billion by 2030 from the current level of around $16 billion.
AITIGA Review	Both sides support early review and conclusion of the ASEAN-India Trade in Goods Agreement.
MoUs Signed	13 strategic MoUs have been signed across critical minerals cooperation, digital connectivity, FinTech, healthcare, and digitisation of ancient Cham manuscripts.
Defence Dialogue	India and Vietnam will establish a Strategic Diplomacy-Defence Dialogue in 2+2 format.
Maritime Cooperation	Vietnam has joined the Indo-Pacific Oceans Initiative.
IPOI	The Indo-Pacific Oceans Initiative is a voluntary, non-treaty initiative launched by India at the East Asia Summit 2019 in Thailand.
Act East Policy	Vietnam is a core partner of India in ASEAN and a critical partner in India’s Act East Policy, Vision MAHASAGAR, and Indo-Pacific vision.
Geostrategic Location	Vietnam’s location in the Indo-Pacific is important for secure and stable trade routes.
South China Sea	India and Vietnam support freedom of navigation and a rules-based order in the South China Sea in accordance with the 1982 UNCLOS.
Supply Chain Diversification	Vietnam’s cooperation in imports and rare earths supports India’s manufacturing ecosystem and supply chain diversification.
Energy Security	Indian companies have invested in oil and gas exploration projects in Vietnamese waters in the South China Sea.