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India, Vietnam ink seven agreements
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Vikas Datta | 15 Sep, 2014
Signalling their intent to move closer in various spheres, India and
Vietnam Monday signed seven agreements, including one for direct flights
between their capitals, for scouting for oil, and an extended line of
credit for purchase of defence equipment.
The seven agreements
were signed in the presence of visiting Indian President Pranab
Mukherjee and his Vietnamese counterpart Truong Tan Sang.
A joint
communique said that the leaders agreed to strengthen and deepen
bilateral cooperation on the basis of the Strategic Partnership with
focus on political, defence and security cooperation, economic
cooperation, science and technology, culture and people-to-people links,
technical cooperation and multilateral and regional cooperation.
The
leaders agreed that defence and security cooperation was an important
pillar of the strategic partnership between the two countries.
They
expressed satisfaction with the ongoing cooperation between the two
sides in this field and noted that the signing of the MoU for the Line
of Credit of $100 million for defence procurement extended by India to
Vietnam would open new avenues for cooperation.
The seven agreements were signed in the presence of President Mukherjee and his Vietnamese counterpart Truong Tan Sang.
The
air services agreement was between Jet Airways and Air Vietnam while
OVL, the overseas arm of oil major ONGC, and Petro Vietnam inked an
agreement on exploring two additional blocks off Vietnam.
The
other agreements were on agriculture cooperation, cooperation in animal
health, customs cooperation, and one on youth affairs and skill
development.
After the inking of the agreement, Goyal said that
the air services are going "to be very feasible, it is going to be very
profitable".
He said the direct flights will start from Nov 5 and "booking has already started".
A
Boeing 737 - 800 will be pressed into service and it "is going to be
everyday", said Goyal, who expressed full confidence of it being a
success.
President Mukherjee is on a four-day state visit to Vietnam that began Sunday.
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