India, Vietnam adopt new action plan to expand strategic partnership

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India, Vietnam adopt new action plan to expand strategic partnership - Business Standard

Quick Summary:

India and Vietnam on Thursday firmed up a new action plan to expand their strategic ties, with Prime Minister Narendra Modi asserting that both sides will work towards a free and rules-based Indo-Pacific and that New Delhi supports development and not "expansionism".

After his wide-ranging talks with Vietnamese Prime Minister Pham Minh Chinh, Modi said the agreed USD 300 million credit line for Vietnam will strengthen the Southeast Asian nation's maritime security.

"We have adopted a new plan of action to further strengthen our comprehensive strategic cooperation," Modi said in his media statement in presence of Chinh.