Prime Minister Narendra Modi engaged in discussions spanning trade, defense, energy, and technology cooperation, reflecting a wide-ranging diplomatic and strategic agenda across multiple sectors.

Key areas of discussion

The discussions covered four broad domains central to India's bilateral and multilateral engagements. The areas addressed include:

• Trade: Engagement on commerce and economic partnerships
• Defense: Cooperation on security and defense-related matters
• Energy: Collaboration on energy sector initiatives
• Technology: Partnerships in the technology domain

Scope of engagement

The discussions underscore the multi-dimensional nature of India's engagement agenda, with PM Modi addressing cooperation across sectors that span economic, strategic, and technological priorities.

PM Modi has announced an ambitious target to increase bilateral trade between India and Vietnam to USD 25 billion by 2030, signalling a significant push to deepen economic engagement between the two nations. The announcement underscores a strategic intent to broaden the scope of the India-Vietnam partnership across multiple sectors.

Payment System Connectivity

A key highlight of the announcement is the decision to connect India and Vietnam's payment systems. This move is expected to streamline cross-border financial transactions and strengthen economic linkages between the two countries. Payment system integration is increasingly being seen as a foundational step in modernising bilateral trade infrastructure.

Strategic Cooperation on Critical Resources and Energy

Beyond trade and payments, PM Modi outlined plans for cooperation in areas of strategic importance. The key areas of collaboration include:

• Critical Minerals
• Rare Earths
• Energy Cooperation

The following table summarises the key announcements made:

These areas of cooperation reflect the growing importance of supply chain resilience and energy security in the bilateral relationship between India and Vietnam.