Union Finance Minister Nirmala Sitharaman and her Vietnamese counterpart Ngo Van Tuan met in New Delhi to discuss deepening cooperation in tech, pharma, and energy, enhancing the decade-old India-Vietnam Comprehensive Strategic Partnership.
India, Vietnam Discuss Enhanced Cooperation
Union Finance Minister Nirmala Sitharaman on Wednesday held talks with Vietnam's Finance Minister Ngo Van Tuan in New Delhi, with both sides discussing ways to deepen cooperation in technology, innovation, energy, and pharma amid evolving global economic and geopolitical challenges.
Welcoming 10 years of the India-Vietnam Comprehensive Strategic Partnership, and noting its continued strengthening and enhancement, the two ministers exchanged views on the global economy and evolving geopolitical challenges, discussing ways to enhance resilience and stability. Vietnam side expressed keen interest in deeper cooperation in technology, innovation, energy and pharma sectors.
Mutual Interest in Economic Models
According to a post by Finance Ministry on X, Sitharaman appreciated Vietnam's strong macroeconomic management and ongoing institutional reforms, reflected in its improved credit outlook and rising competitiveness, enhancing resilience and integration into global value chains.
Ngo Van Tuan appreciated India's strong macroeconomic leadership and expressed keen interest in learning from India's experience, particularly tax reforms, development of MSMEs, and the role of public investment in driving growth.
India's Policy Showcase
The Union Finance Minister highlighted India's support to the MSME sector, including direct and indirect tax reforms, interest subventions, public procurement policies, and AI skilling initiatives for workforce development. She also underlined India's efforts to modernise and simplify tax administration, noting that faceless assessments and technology-driven systems have enhanced transparency.
The Finance Minister also outlined the PM Gati Shakti platform as an integrated, technology-enabled framework for infrastructure development, with Viet Nam showing interest in the approach.
The Union Finance Minister also fondly recalled her visit to Viet Nam during her tenure as Defence Minister, underscoring the strong and warm ties between the two countries. The meeting reaffirmed the shared commitment to further deepen the India-Vietnam Comprehensive Strategic Partnership and expand cooperation across key sectors.
Vietnamese Presidential Visit
Vietnam President To Lam is on a three-day visit to India. He is accompanied by a high-level delegation comprising several Ministers and senior officials.
A strong business delegation is also accompanying the visiting leader. President To Lam held a bilateral meeting with Prime Minister Narendra Modi on Wednesday. (ANI)
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