India-Vietnam 2027 Year of Friendship: 55 Years
Why in the news
New Delhi and Hanoi decided to celebrate their diplomatic milestone with a dedicated friendship year and set a trade goal for the end of the decade.
Key facts
- Observance: 2027 will be called the “Year of India-Vietnam Friendship”.
- Occasion: 55 years of diplomatic relations.
- Trade target: USD 25 billion bilateral trade by 2030.
Areas of cooperation
| Sector | Plan |
|---|---|
| Economy | Deepen trade and investment, supply chains, connectivity and market access |
| Defence | Closer cooperation, with Indian defence equipment to be co-produced |
Exam angle
- Year to be observed: 2027; milestone: 55 years of ties.
- Trade goal: USD 25 billion by 2030.
- Defence angle: joint production of Indian equipment.