India and Vietnam upgraded ties to an Enhanced Comprehensive Strategic Partnership, signing 13 MoUs across sectors including digital payments, defence, culture, and urban cooperation. Leaders Narendra Modi and To Lam also set a USD 25 billion trade target and announced multiple initiatives to boost connectivity and collaboration (Pics/PTI)
Updated On: 2026-05-06 05:34 PM IST
Compiled by : Tarun Verma
The state visit of President of Vietnam To Lam to India saw 18 outcomes, comprising of 13 Memorandums of Understanding (MoUs) and five announcements seeking to deepen bilateral ties
As per a statement by the Ministry of External Affairs, the announcements comprised the elevation of bilateral ties to Enhanced Comprehensive Strategic Partnership
An MOU between Reserve Bank of India (RBI) and State Bank of Vietnam (SBV) was signed on Cooperation in the area of Payment Systems and Innovation in Digital Payments. The MoU aims to establish a framework for cooperation in the area of financial innovation and digital payments
The Prime Minister pointed out that the President's itinerary, which commenced in Bihar, underscores the deep-rooted cultural connections between the two countries
Speaking at a joint press conference at Hyderabad House alongside Vietnamese President To Lam, the Prime Minister described the Southeast Asian nation as a "key pillar" of New Delhi's "Act East" policy and "Vision Mahasagar."
Union Minister Ashwini Vaishnaw and Vietnam's Health Minister Dao Hong Lan exchange a Memorandum of Understanding (MoU) during a joint press statement
Prime Minister Narendra Modi held wide-ranging discussions with General Secretary, President To Lam of Vietnam at Hyderabad House.
