The Diplomatic Society

 
  • Increase font size
  • Default font size
  • Decrease font size

Strong Vietnam - India ties in focus at Vietnam’s National Day celebration

By Srimal Fernando Global Editor, The Diplomatic Society
 
On the occasion of the 71st anniversary of the National Day of the Socialist Republic of Vietnam, His Excellency Mr. Ton Sinh Thanh the Vietnamese Ambassador to India and Mrs Khanh Phan held a grand evening reception at the Lalit  Hotel in New Delhi.  This year, on 29th August  2016  Hon Minister of State for External Affairs of India, General Vijay Kumar Singh (Retd) the  Chief Guest of the function graced the ceremony and exchanged views on bilateral relations and the growing economic and political relationship.

Pictured at the 71st Anniversary of the National Day of Vietnam are His Excellency Mr. Ton Sinh Thanh the Vietnamese Ambassador to India and Mrs Khanh Phan with Srimal Fernando

The Vietnam national day celebration was held with notable diplomats from various countries, government officials, media, members of the business community that symbolized the diversity of enhanced ties between the two countries.  

Photo: Vietnam Prime Minister Nguyen Tan Dung   ( r)  and Indian  Prime Minister Narendra Modi (l)

The war in Vietnam ended on the 30th April 1975, 40 years ago. Since then it has experienced a tremendous economic transformation. Đổi Mới is the name given to the economic reforms initiated in Vietnam in 1986. The  Vietnam Communist Party(VCP) General Secretary  Nguyen Van Linh, known as the  architect  of Doi  Moi policy, transformed Vietnam's economy from a centralized -planned model economy based on  public ownership  to a present day multi  sector economy  based on market liberalization policies. As a result, Vietnam's Gross domestic product (GDP) grew at an annual average rate of 8% from 2001to 2010. In Vietnam, real per capita income has risen from US$ 471 in 2003 to nearly US$ 2300 in 2015. Over the past few years Vietnam has been very successful in attracting foreign direct investment (FDI). The country has attracted over US$ 250 billion in foreign direct investment (FDI) capital.

In the early nineties India and Vietnam established economic ties and in July 2009 the Strategic Partnership Declaration was signed. It uplifted bilateral cooperation to a new level. Bilateral trade between India and Vietnam has seen continuous growth. As of 2015, bilateral trade between India and Vietnam stood at US$ 5.13 billion. The signing of the Association of Southeast Asian Nations (ASEAN) and the India Free Trade Area (AIFTA) Trade in Goods (TIG) Agreement in Bangkok on 13 August 2009 were historic initiatives. 

In 2014 the signing of the Association of Southeast Asian Nations (ASEAN) -India Agreement for Trade in Services and Investments has a potentially a positive impact on investment and growth. Indian Prime Minister Narendra Modi's official visit to Vietnam in the first week of September will open a “new page” in bilateral relations. The bilateral relations between both countries have recorded remarkable development over the past few decades. Next year marks the 45th anniversary of diplomatic relations between Vietnam and India. Meanwhile, both nations are committed to deepen, strengthen, and  continue the bilateral solidarity and cooperation ties that were established 45 years ago.

 


 
 
 
 
 
 
 
 
_________________________________________________

January 2018

 
 
_________________________________________________

Translater


 
 

 
 
 
 

 
 
 

 
 
 
 
 
 
 
 
 
 
 
 

Modest Prosperity 12 December 2017 A book review by K Bhana A seminar was hosted by the Human Sciences Research Council (HSRC) and the Embassy of the PRC in South Africa to launch the second... <|> 54th Jamhuri Day Celebrations 15 December 2017 HE Jean N. Kamau, High Commissioner of Kenya to South Africa, hosted the 54th Jamhuri day Celebrations in Pretoria on 7 December 2017. The... <|> SA eyes World Science Forum 14 December 2017 South Africa has thrown its hat into the ring to host the World Science Forum in 2021. Initially held only in Hungary, central Europe, this biennial... <|>   Media and Advertising 14 February 2018 We took a peep into the future of advertising this February when RTAd Ltd, part of Iocono Holdings from London, became Global Media Innovator, GMI... <|> 26th Independence Anniversary of Kazakhstan 15 December 2017 21 journalists from 15 countries were invited for an eight day whirlwind tour of three major cities of Kazakhstan, in the heart of... <|> Easing travel regulations between South Africa and Kenya 3 May 2016 South Africa and Kenya have announced measures that will make travelling between the two countries easier. South African Home... <|> <|> SA Agulhas II sets sail for the 57th Antarctica expedition 15 December 2017 Not long after the SA Agulhas II set off on the International Indian Ocean Expedition, the vessel has once again left the... <|> <|> Finland at 100 15 December 2017 Ambassador Kari Alanko of Finland hosted a reception to celebrate Finland's 100th birthday. Photo: Ambassador Alanko (bottom right) pictured with embassy staff ant... <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.