Amid the ongoing difficult times marked by the COVID-19 pandemic and the fear of its highly virulent Omicron variant spreading across the globe, India and Vietnam pledged to further deepen the Comprehensive Strategic Partnership. In this context, the recent visit to India by National Assembly Chairman Vuong Dinh Hue to New Delhi this month has strengthened the relationship between the two countries. Also, next year, India and Vietnam would be celebrating the 50thanniversary of the establishment of their diplomatic relations and their legislative bodies plan to organise commemorative joint events both in New Delhi and Hanoi.
Chairman Vuong Dinh Hue held wide-ranging discussions in New Delhi with India’s Vice President of India and Chairman of Rajya Sabha, Shri M Venkaiah Naidu and these focused on international matters of common concern and other global challenges. Both sides aim to contribute to global peace, security, stability and development in the region. At the bilateral level, issues concerning COVID-9, socio-economic development in respective countries, economy, trade & investment, energy, security-defence, science-technology, air connectivity, culture, education and training were also the agenda. As many as 12 MoUs were exchanged between Vietnamese and Indian enterprises in the fields of public health, provision of pharmaceutical materials, drug and vaccine production, oil and gas, information technology and technology transfer, education, and tourism.
India acknowledged and extended gratitude for the timely supply by Vietnam of oxygen and related equipment and the gifting of 40,000 facemasks to the Indian Red Cross Society. As a reciprocal and goodwill gesture, India has announced a donation of 2,00,000 doses of indigenously developed Bharat Biotech COVAXIN to Vietnam through Duc Minh, Bharat Biotech’s local partner in Vietnam. It is useful to mention that Bharat Biotech has been working with Duc Minh Medical JSC, towards the commercialisation of INDIRAB (Inactivated Rabies Vaccine).
The bilateral cooperation and mutually beneficial partnership between India and Vietnam in the field of energy are noteworthy. For the last three decades, India’s ONGC Videsh Limited (OVL) has been engaged in Vietnam’s offshore energy projects in the South China Sea. New Delhi is now seeking a 15-year extension of the existing arrangement beyond May 2023 when the current MOU between OVL and PetroVietnam (PVN) expires. India hopes that Vietnam and other claimants including China can establish a binding ‘Conduct of Conduct’ and develop concrete mechanisms to institutionalize a regional dialogue among the claimants and other stakeholders to serve for de-escalation of tensions.
During his interactions, Chairman Vuong Dinh Hue was also assured of India’s support for the ASEAN Outlook for Indo Pacific (AOIP). External Affairs Minister S Jaishankar has noted that “From the Indian perspective, Vietnam is a key partner both in the ASEAN and the Indo-Pacific context,” It was also reiterated that there is strong convergence between India’s Indo-Pacific Oceans Initiative (IPOI) and the AOIP and India is looking forward to continuing working closely with Vietnam.
In an interview with a major Indian media house, Chairman Vuong Dinh Hue emphasised investments in the digital sphere to usher in Fourth Industrial Revolution in Vietnam. This fits into Vietnam’s call for greater investment from Indian corporations in fields such as information technology, innovation and renewable energy. Industry 4.0 technologies are high on Vietnam’s agenda and the Party and the State have introduced several policies, guidelines and programs to harness these technologies. In particular, the country hopes that the digital component of the economy could account for about 20% of the GDP. According to a consulting company, Vietnam’s “GDP may rise by US$28.5-62.1 billion by 2030 depending on the level of technology put into use by businesses, or equivalent to an increase of between 7-16% of the GDP”.
Earlier this year, Vietnam issued the National Strategy on the Fourth Industrial Revolution by 2030 under which Vietnam hopes to be named among the 40 top performers in the Global Innovation Index (GII), the top 30 in the International Telecommunication Union (ITU)’s Global Cybersecurity Index (GCI) and the top 50 in the United Nations (UN)’s e-Government Development Index (EGDI) by 2030.
Vietnam is committed to expanding international cooperation and integration in science and technology, particularly the Fourth Industrial Revolution technologies. India too has similar ambitions and PM Modi highlighted the issue at the WEF’s Davos Digital Agenda, how India is harnessing AI and other technologies of the fourth industrial revolution for achieving its developmental objectives and for promoting social good. Given the political will of both sides, India and Vietnam could explore setting up a task force to ascertain areas of convergences.
Image Credit: vir.com.vn
