The workshop "Vietnam - India Relations: Tradition and Present" is held in Ho Chi Minh City on March 21, 2023. (Photo: VNA)

Participants discussed the potential, resources, and strengths of Vietnam and India in the development process of each country. They also touched upon directions and opportunities to intensify their cooperation in the coming time.

Associate Professor, Dr. Tran Nam Tien from University of Social Sciences and Humanities (USSH) under the Vietnam National University-HCM City said that from the establishment of their diplomatic relations in 1972 to that of their strategic partnership in 2007, and the comprehensive strategic partnership in 2016, the political-diplomatic relationship between the two countries has been increasingly consolidated and developed, creating a strong impetus for cooperation in various fields.

The relationship was founded by President Ho Chi Minh and Prime Minister Jawaharlal Nehru, and has been cultivated by generations of their leaders through the exchange of high-level delegations and commitments to support each other in multilateral and international forums.

Researcher Dong Thi Thuy Linh from the VASS's Institute of Indian and Southwest Asian Studies said that trade and investment relations are among the main pillars of Vietnam - India relations and have continuously grown steadily over the last decade.

By the end of 2021, the two-way trade reached 13.2 billion USD and is heading for 20 billion USD in the coming time. India is the 27th largest foreign investor out of the 140 countries and territories investing in Vietnam with more than 300 projects and a total registered investment capital of nearly 1 billion USD.