Union Minister for Finance and Corporate Affairs Smt.
@nsitharaman met H.E. Mr. Ngo Van Tuan, Finance Minister of Viet Nam, in New Delhi, today.
Welcoming 10 years of the India–Viet Nam Comprehensive Strategic Partnership, and noting its continued strengthening and enhancement, both Ministers exchanged views on the global economy and evolving geopolitical challenges, discussing ways to enhance resilience and stability. Viet Nam side expressed keen interest in deeper cooperation in technology, innovation, energy and pharma sectors.
FM Smt.
@nsitharaman appreciated Viet Nam’s strong macroeconomic management and ongoing institutional reforms, reflected in its improved credit outlook and rising competitiveness, enhancing resilience and integration into global value chains.
H.E. Mr. Ngo Van Tuan appreciated India’s strong macroeconomic leadership and expressed keen interest in learning from India’s experience, particularly tax reforms, development of MSMEs, and the role of public investment in driving growth.
The Union Finance Minister highlighted India’s support to the MSME sector, including direct and indirect tax reforms, interest subventions, public procurement policies, and AI skilling initiatives for workforce development. She also underlined India’s efforts to modernise and simplify tax administration, noting that faceless assessments and technology-driven systems have enhanced transparency.
FM Smt.
@nsitharaman also outlined the PM Gati Shakti platform as an integrated, technology-enabled framework for infrastructure development, with Viet Nam showing interest in the approach.
The Union Finance Minister also fondly recalled her visit to Viet Nam during her tenure as Defence Minister, underscoring the strong and warm ties between the two countries. The meeting reaffirmed the shared commitment to further deepen the India–Viet Nam Comprehensive Strategic Partnership and expand cooperation across key sectors.