India and Vietnam, both emerging economies with dynamic growth trajectories, are natural partners
The Third India-Vietnam Security Dialogue held in Hanoi, Vietnam on Thursday (December 5, 2024) aimed to bolster strategic cooperation between the two nations in the ever-evolving global security landscape.

The security dialogue is a cornerstone of the India-Vietnam Comprehensive Strategic Partnership, which underscores the nations' shared commitment to regional stability and security. During the meeting, both sides exchanged views on pressing global and regional security issues, with a particular focus on combating terrorism, organized crime, and cybercrime. Discussions also addressed the implementation of the Action Plan for the partnership, which serves as a roadmap for collaborative initiatives.

The meeting was co-chaired by Pavan Kapoor, Deputy National Security Adviser of India, and Lt. Gen. Pham The Tung, Deputy Minister of Public Security of Vietnam.

Key areas of discussion included:
Counter-terrorism measures: Emphasizing intelligence sharing and joint counter-terrorism strategies.
Combating organized crime: Enhancing cooperation between law enforcement agencies to tackle transnational crimes.
Cybersecurity: Addressing emerging technologies and the growing threat of cybercrime.
Capacity building and training: Strengthening joint efforts in UN Peacekeeping missions and law enforcement training.

High-Level Engagements
Deputy NSA Kapoor met with prominent Vietnamese leaders, including General Luong Tam Quang, Minister of Public Security, and Bui Thanh Son, Deputy Prime Minister and Minister of Foreign Affairs. These high-level discussions further reinforced the commitment of both nations to deepening their strategic partnership.

The biennial security dialogue stems from a Memorandum of Understanding (MoU) signed in 2016 between India’s National Security Council Secretariat and Vietnam’s Ministry of Public Security. Over the years, it has become a key platform for addressing mutual security concerns and fostering a deeper understanding of shared challenges. The fourth iteration of the dialogue is scheduled to be held in India.

India and Vietnam, both emerging economies with dynamic growth trajectories, are natural partners. Bilateral trade reached nearly USD 15 billion in 2023, a significant increase from USD 200 million in 2000, showcasing the nations' economic interdependence. Vietnam is currently host to 410 Indian investment projects valued at USD 1.03 billion, while Indian companies play a pivotal role in Vietnam's high-tech, renewable energy, and pharmaceutical sectors.

During Vietnamese Prime Minister Pham Minh Chinh’s visit to India in July 2024, he emphasised the need to rapidly boost bilateral trade to USD 20 billion. This aspiration is supported by India’s focus on expanding investments in high technology, artificial intelligence and renewable energy – areas that align with Vietnam’s developmental priorities.

Despite the promising growth, economic cooperation between India and Vietnam has yet to reach its full potential. Both governments have identified key steps to overcome these challenges, such as:

  • Encouraging investment dialogues to bridge gaps between businesses.
  • Implementing administrative reforms to ease procedural bottlenecks.
  • Accelerating the adoption of digital technologies to streamline operations.

Shared Historical and Cultural Ties 
India and Vietnam’s relationship is deeply rooted in shared historical and cultural ties. India’s role in the Geneva Accord of 1954 and its longstanding diplomatic engagement with Vietnam underscore a partnership built on trust and mutual respect. Elevated to a Strategic Partnership in 2007 and later a Comprehensive Strategic Partnership, the relationship continues to evolve, reflecting both nations' aspirations for a peaceful and prosperous Indo-Pacific region.

Their collaboration extends beyond bilateral interests, playing a significant role in shaping regional dynamics. Both nations are active members of multilateral platforms such as ASEAN and the Indo-Pacific Economic Framework, emphasizing the importance of a rules-based international order.

The Third India-Vietnam Security Dialogue reaffirmed the strategic alignment between two nations striving for security and economic stability in a complex global environment. By addressing critical issues such as terrorism, cybercrime, and organized crime, while simultaneously fostering economic cooperation, India and Vietnam are paving the way for a stronger, more resilient partnership.

As the partnership deepens, both nations remain committed to addressing shared challenges and seizing emerging opportunities. The forthcoming dialogue in India promises to build on these achievements, ensuring that the India-Vietnam relationship continues to thrive in the years ahead.