Prime Minister Nguyen Tan Dung and his wife will pay a visit to India on October 27-29 with a view to step up strategic cooperation in economics, trade, and many other fields including science, technology, culture, education, tourism and aviation.
>> Indian Coast Guard ship docks in Da Nang for visit, joint exercise The three-day visit, which comes at the invitation of Indian PM Narendra Modi, will also include the exchange of viewpoints on international and regional issues of mutual concern. Vietnam and India have long developed their strategic affiliation in politics, economics, national security, education, science, technology, and culture. India attaches importance to the relations with Vietnam, considering the Southeast Asia country as a crucial pillar in its Look East policy. Since September, the two sides have regularly exchanged high-ranking delegations, with the latest to Vietnam made by Indian President Pranab Mukherjee. The countries' two-way trade has continuously developed over the past five years, with an annual growth of 16 percent. Last year, the bilateral trade reached US$5.23 billion, up 30 percent compared to 2012. The amount is expected to increase to $15 billion by 2020.
India has so far invested more than $254 million in 78 projects in Vietnam, ranking 30th among the foreign investors in the country.