Prime Minister's Visit to India Looks to Strengthen Bilateral Relations
	Vietnam-India Friendship Association: A Strong Bridge for Bilateral Relations

On July 31, during his State visit to India, in the capital city of New Delhi, Prime Minister Pham Minh Chinh attended and delivered a speech at the Vietnam-India Business Forum.

The forum was organized by the Ministry of Planning and Investment of Vietnam, the Embassy of Vietnam in India, and the Federation of Indian Chambers of Commerce & Industry. The forum was attended by leaders of ministries and branches, many representatives of the business communities of the two countries.

Prime Minister Pham Minh Chinh attends the Vietnam-India Business Forum. Photo: VGP

Enterprises of the two countries were introduced to the potential and opportunities for cooperation. They discussed plans, investment and business projects, advantages and difficulties, presented comments, proposals, and recommendations to the authorities of the two countries.

Indian businesses and leaders of agencies appreciated the investment and business environment. They expressed their impression of the great successes that have made Vietnam a bright spot in the region in terms of socio-economic development.

Speaking at the Forum, Prime Minister Pham Minh Chinh said that after more than five decades of establishing diplomatic relations, upgrading the relationship between the two countries to Comprehensive Strategic Partnership has opened up new cooperation spaces in value chains and strategic resources, economic security, response to climate change, environment, science and technology, financial connectivity, high-quality human resources, education, national security and defense.

The Prime Minister assessed that economic, investment, and trade cooperation has become a bright spot and an important pillar in the relationship between the two countries. The Prime Minister expressed his impression of Indian Prime Minister Narendra Modi's statement at the G20 Summit that Vietnam is a strong pillar in India's Act East policy, based on mutual trust and understanding.

By prioritizing Vietnam as a central pillar and bridge in its Act East policy, India has significantly contributed to elevating the Vietnam-India relationship, as well as economic ties, to new heights.

The Prime Minister assessed that between the two nations, there are five crucial foundational elements that foster high levels of trust, success, and efficiency in business cooperation, thereby contributing to the overall bilateral relationship. These elements include a strong traditional friendship, high political trust, open markets, shared cultural and civilizational values, aligned visions, and a common aspiration to build prosperous, powerful nations with rapid and sustainable economic development.

The Prime Minister witnessed the handover ceremony of the minutes between Vietnam Airlines and Innovations India on organizing the third Vietnam-India friendship festival. Photo: VGP

According to the Prime Minister, the Vietnamese Government encourages Indian businesses to expand their investment cooperation in areas where India has strengths and Vietnam has high demand and prioritization, such as high technology, electronics, science and technology, artificial intelligence (AI), infrastructure development, renewable energy, new energy (hydrogen), biotechnology, innovation, high-tech agriculture, and pharmaceuticals.

The Prime Minister suggested that the two sides continue to promote dialogue and investment connection activities, creating conditions for businesses of both sides to expand cooperation, investment and effective business.

The two sides will implement effective measures to achieve the target of bilateral trade turnover of US$20 billion in the coming time, create favorable conditions for Vietnamese goods to access the Indian market, and soon open more direct flights between the two countries.

The Prime Minister hopes that Indian businesses and investors will pay attention to supporting and creating conditions for Vietnamese businesses to participate in the value chains of corporations, considering Vietnam a strategic destination for building research and development (R&D) centers, and applying high technology.

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