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Mr To Lam, who recently took over the President of Vietnam on 7th of April 2026 for a five-year term is now in India on a State Visit.

On Wednesday the 6th of May 2026, as many as 13 Memorandums of Understanding (MoUs) were signed and five announcements made seeking to deepen bilateral ties between India and Vietnam.

The Ministry of External Affairs (MEA) officially stated that now bilateral ties between the two countries has been elevated to a category of ‘Enhanced Comprehensive Strategic Partnership’.

Among the various MoUs signed between India and Vietnam included agreement on Mutual Cooperation between IREL (India) Ltd. and Institute for Technology of Radioactive and Rare Elements (ITRRE).

This is a result of long-standing commitment on both sides to expand bilateral cooperation in the areas of rare earth elements, among other new-age technologies.

Cultural Exchange Programme between Ministry of Culture, India and the Ministry of Culture, Sports and Tourism of Vietnam for 2026-30 was signed between both parties.

The first Cultural Agreement was signed between India and Vietnam in 1976.

The specific activities and exchanges to be carried out under this agreement are agreed upon within the framework of a Cultural Exchange Programme (CEP) valid for a period of five years (2026-2030).

A separate MOU was signed between Reserve Bank of India (RBI) and State Bank of Vietnam (SBV) was signed on Cooperation in the area of Payment Systems and Innovation in Digital Payments.

The MoU aims to establish a framework for cooperation in the area of financial innovation and digital payments.

MoU on Establishment of Friendship and Cooperation between Brihanmumbai Municipal Corporation, Mumbai and Ho Chi Minh City People’s Committee was signed.

The Agreement aims to establish a formal framework for enabling both megacities to share expertise in urban management and economic development, as per the statement.

An MoU between ICCR and Univesity of Science and Education – The Da Nang University on the Establishment of the ICCR Chair of India Studies was signed.

This particular MoU establishes an ICCR Chair in the University of Da Nang in Vietnam.

MoU between Nalanda University, Rajgir, and Ho Chi Minh National Academy of Politics (HCMA), Hanoi was signed to strengthen the longstanding initiatives of India to facilitate capacity building and training to Vietnam.

MoU between the Ministry of Electronics and Information Technology of India and the Ministry of Science and Technology of Vietnam on Cooperation in the Field of Digital Technologies was signed.

New trade goal of USD 25 billion by 2030 is set, as per MEA. An announcement of export of Indian grapes to Vietnam and Vietnamese Durian to India was also made.