Union Minister for Finance and Corporate Affairs Nirmala Sitharaman met Ngo Van Tuan in New Delhi today, marking another step forward in strengthening the India–Vietnam Comprehensive Strategic Partnership.
Welcoming a decade of robust bilateral ties, both leaders acknowledged the continued expansion and deepening of cooperation between India and Vietnam. The discussions focused on the global economic outlook and evolving geopolitical challenges, with an emphasis on enhancing resilience and stability.
The Vietnamese side expressed strong interest in expanding collaboration across key sectors such as technology, innovation, energy, and pharmaceuticals—areas seen as crucial for future growth and strategic alignment.
During the meeting, Sitharaman appreciated Vietnam’s strong macroeconomic management and ongoing institutional reforms, highlighting improvements in credit outlook, competitiveness, and integration into global value chains.
In turn, Ngo Van Tuan praised India’s macroeconomic leadership and conveyed interest in learning from India’s policy experience—particularly in tax reforms, MSME development, and the role of public investment in driving economic growth.
The Union Finance Minister elaborated on India’s support for the MSME sector, including tax reforms (both direct and indirect), interest subvention schemes, public procurement policies, and AI-driven skill development initiatives aimed at strengthening the workforce.
She also emphasized India’s push toward modernising tax administration through faceless assessments and technology-driven systems, which have improved transparency and efficiency.
Highlighting infrastructure development, Sitharaman presented the PM Gati Shakti platform as an integrated, technology-enabled framework, which drew interest from the Vietnamese delegation as a potential model.
Recalling her earlier visit to Vietnam during her tenure as Defence Minister, Sitharaman underscored the strong and enduring ties between the two nations. The meeting concluded with a reaffirmation of shared commitment to further deepen the Comprehensive Strategic Partnership and expand cooperation across multiple sectors.
