Visit of President of Vietnam

This is the first visit by the Vietnamese President outside the ASEAN region and thus reflects the importance attached by both sides to the relationship.During the visit of President Truong Tan Sang following six agreements were signed between two countries :

1.Extradition Treaty between Republic of India and the Socialist Republic of Vietnam.

2. MoU between the Government of the Socialist Republic of Viet Nam and the Government of Republic of India on the "Vietnam India Friendship Year 2012".

3. Agreement on Cooperation between Vietnam Oil and Gas Group (Petro Vietnam) and ONGC Videsh Limited (ONGC-VL) in oil and gas sector.

The agreement seeks to develop long term cooperation in oil and gas industry between the two countries. The scope of cooperation includes exchange of information, working visits, promotion of mutual cooperation along the entire hydrocarbon value chain, new investments and also the setting up of a Joint Coordinating Committee for successful realization of the Agreement. Despite objections from Chinese authorities on Indian exploration in south china sea India went ahead signing comprehensive agreement


4. Work Plan for the Years 2011-2013 between the Indian Council of Agricultural Research of the republic of India and Ministry of Agriculture and Rural Development of the Government of Socialist republic of Vietnam in the field of Agricultural and Fishery Research and Education.

5. Cultural Exchange Programme between the Ministry of Culture of the Republic of India and the Ministry of Culture, Sports and Tourism of the Socialist Republic of Vietnam for the Years 2011-2014: The Cultural Exchange Programme (CEP) is in pursuance to the Cultural Agreement which was signed by both the countries in 1976.

6. Protocol on cultural cooperation between the Ministry of Culture of the Republic of India and the Ministry of Culture, Sports and Tourism of the Socialist Republic of Vietnam and ICCR of republic of India.


Along with above six agreements , the two sides setup the trade target to US $7 billion by 2015. Both countries also agreed to work together towards early finalization of India-ASEAN Free Trade Agreement in Services and Investments .In the field of security cooperation, the two countries instituted a mechanism of a biennial dialogue on security issues between Ministry of Home Affairs and its Vietnamese counterpart.

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