India Vietnam Finance Meet Eyes Deeper Tech Energy Pharma Collaboration

Strategic economic dialogues took center stage in New Delhi as Nirmala Sitharaman and Ngo Van Tuan convened to elevate India-Vietnam ties. On the 10-year milestone of their comprehensive partnership, the Wednesday summit addressed pressing global economic and geopolitical issues.

Leaders brainstormed on fostering resilience through collaborative mechanisms. Vietnam’s proactive stance on joint ventures in technology, innovation, energy sectors, and pharmaceuticals resonated strongly.

Praising Vietnam’s reform agenda, Sitharaman noted its enhanced global positioning. Tuan reciprocated by admiring India’s tax overhaul, MSME-focused growth engines, and investment-led expansion.

India showcased its MSME ecosystem support via tax rebates, interest relief, preferential buying, and AI-driven workforce training. The tech-infused ‘faceless’ tax assessments were spotlighted for their efficiency and fairness.

Introducing PM Gati Shakti—a holistic platform revolutionizing infrastructure—Sitharaman sparked Vietnam’s curiosity for multi-modal integration. Her reflections on past Vietnam visits as Defence Minister added a personal touch to the robust rapport.

Reaffirming commitments, the meeting charted a roadmap for intensified cooperation, ensuring both nations thrive in a dynamic global order.