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DAILY NEWS ANALYSIS
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28 November, 2020
7 Min Read
Defence Cooperation:
Both countries reaffirmed the strong India-Vietnam Defence cooperation which is a key pillar of Comprehensive Strategic Partnership (2016).
Underlining the vision of “Atmanirbhar Bharat” for enhancing self-reliance including defence industries, India urged closer defence industry cooperation by concluding an institutionalised framework agreement in the near future.
Cooperation in the field of Hydrography:
This will enable sharing of Hydrographic data and assist in production of navigational charts by both sides.
What is Hydrography?
Hydrography is the science that measures and describes the physical features of the navigable portion of the Earth's surface and adjoining coastal areas.
ADMM Plus Meeting:
Vietnam invited India to ASEAN Defence Ministers’
Meeting-Plus (ADMM Plus) being hosted by Vietnam in December 2020.
What is ADMM Plus?
The ADMM-Plus is a platform for the Association of Southeast Asian Nations (ASEAN) and its eight Dialogue Partners Australia, China, India, Japan, New Zealand, the Republic of Korea, Russia and the USA (collectively referred to as the “Plus Countries”), to strengthen security and defence cooperation for peace, stability, and development in the region.
Vietnam is a member of ASEAN.
ASEAN is a regional grouping that promotes economic, political and security cooperation among its ten members.
India-Vietnam Relations
India and Vietnam have agreed to enhance their bilateral cooperation in line with India’s Indo-Pacific Oceans Initiative (IPOI) and the ASEAN’s Outlook on Indo-Pacific.
Cooperation at Multiple Fora:
At the UN Security Council, both India and Vietnam will serve concurrently as non-permanent members in 2021. India and Vietnam closely cooperate in various regional forums such as East Asia Summit, Mekong Ganga Cooperation, and Asia Europe Meeting (ASEM).
Economic Relations:
Vietnam is also the second largest export destination for India after Singapore in the ASEAN region. Bilateral trade for the period April-November 2019 reached USD 9.01 billion.
Source: TH
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LeadIT 2.0: Leadership Group for Industry Transition UPSC GS-2 IR GS-3 S&T LeadIT 2.0 is the second phase of the India-Sweden-led global initiative to support low-carbon transition in hard-to-abate industrial sectors. Why in News? The second phase of LeadIT was announced at the LeadIT Summit 2023, ho
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India-EFTA Trade and Economic Partnership Agreement UPSC GS-2 IR/PSIR The India-EFTA TEPA is a comprehensive trade pact between India and four non-EU European countries — Iceland, Liechtenstein, Norway and Switzerland — aimed at boosting trade, investment, jobs, services, technology and supply-chain resilience. Wh
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