Several significant decisions were made at the exchange of agreements ceremony, led by Indian Prime Minister Narendra Modi and To Lam, to further boost trade from its current level of 16 billion dollars to 25 billion dollars by 2030.

Modi stated, “We will now lead our partnership towards even higher goals.”

The head of the Indian Government noted that cooperation between the two nations is destined to reach new heights in all sectors, from culture, connectivity, and capacity building to security, sustainability, and the resilience of supply chains.

The prime minister noted that a new memorandum of understanding between their respective pharmaceutical authorities will now facilitate access for Indian pharmaceuticals to the Vietnamese market.

He emphasized that a consensus had been reached to update the ASEAN-India Trade in Goods Agreement (AITIGA) by late this year

Modi highlighted Vietnam’s support for expanding India’s cooperation with ASEAN nations and in the fight against terrorism.

jdt/iff/rob/lrd