On the invitation of Mr. Truong Tan Sang, Vietnamese President, today Indian President, Mr. Kumar Pranab Mukherjee led Indian high-ranking delegation visiting Vietnam. Attendants of the delegation are Indian Congress's lawmakers, Oil and Gas Secretary of State, Deputy Minister of Foreign Affairs, and Indian Ambassador in Vietnam. According to this invitation, the visit of Indian President lasts from September 14-17. Occurring in the context of traditional friendly Vietnam India partnership having new steps of development, the visit of Indian President is an important event, which strengthens and profounds the bilateral relation, international and regional exchange, meeting the benefits and expects of two peoples in new period.
Located in the South Asia, with over 5000 years of history, India is one of human civilization's cradle. With an area of nearly 3.3 million square kilometers, the population of over 1.23 billion, ranking second in the world, India has an abundant labor force and diverse natural resources. India has been developing significantly. India is implementing to develop the country in the line of national independence and self-reliance, conducting peaceful, friendly and non-aligned diplomatic policies. In the period of Nehru under the Indian National Congress, India emerged to become the third largest economy in Asia. The country had the total GDP of over US $1,870 billion. The average income per capita in fiscal year of 2012-2013 reached US $ 1,535. The diplomatic reputation of India became famous in the region and in the world.
After gaining the success in Lower House election XVI in May, Indian People Party (Bharatiya Janata Party) leading the National Diplomacy Alliance comes back Indian politics after over 25 years. This opens a new era for India. The new government is headed by Prime Minister Narendra Modi guiding "the land" of Ganga River to develop, integrate, maintain its high GDP growth, and confirm its growing position in the region and in the world. The traditional friendship and multifaceted cooperation between Vietnam and India were founded by Vietnamese President Ho Chi Minh and Indian Prime Minister Jawaharlal Nehru. The next generation of leaders and people of both countries have been painstakingly nurturing the relation. That relationship became more fruitful since the two countries established a strategic partnership in 2007. India regards Vietnam as a mainstay in Eastward policy. And, Vietnam always determines its consistent policy on attaching great importance to the development of friendly relationship and traditional strategic partnership with India. This is a favorable foundation, opportunity, and condition for two countries to boost chances and potentials of cooperation in all fields.
Along with politic cooperation, economic, defense-security, educational and training, scientific and technological, cultural, and tourist cooperations are fostered. The two countries become important commercial counterparts of each other, with two-way trade turnover maintaining a stead increase of US $5.23 billion in 2013, rising 32% compared to that in 2012. It is expected to reach US $7 billion in 2015, creating momentum for both countries to raise up to US $15 billion in 2020. Vietnam India investment relations have prospered. India is currently having 73 projects of investment in Vietnam, with total registered capital of over US $273 million.
Two countries tightly coordinate and support each other in regional and international forums, especially in the scope of ASEAN- India, EAS, WTO, United Nations, and Non-Aligned Movement. India recognized that Vietnam had a full market economy (in 2009), and confirmed to bolster the stance of resolving disputes over the South China Sea by peaceful means, accordance with international law, especially UN Convention on Law of the Sea in 1982, to ensure maritime security, safety, and independence in the region of Asia-Pacific.
Documents signed during the visit of Indian President will specify a new level of the relation between two countries in various fields of cooperation, which affirms the determination of both sides to boost Vietnam India relation to match potentials and aspirations of the two peoples. The visit is expected to gain success, creating momentum for profound Vietnam India strategic partnership with substantive and effective features for the sake of two nations' benefits, peace, sustainability, cooperation and development in the region and in the world.