India–Vietnam Relations since September 2016

Vietnam is a key player in India's Act East Policy and is distressed due to China's overarching position in the South China Sea. China's expanding infrastructural investments in India's periphery have led to a regional security dilemma in Indian Ocean Region. India is steered to pursue opportunities to counter China in the latter's periphery, to which Vietnam fits as an apt ally. Hence, this paper examines the heightened need for realigning India's Vietnam policy in line with United Nations Sustainable Development Goals and explains how bilateral cooperation through sustainable trade, renewable energy production, and green investments can offer a "counter" to Chinese expansion in Indo-Pacific and its Belt and Road Initiative. This paper uses the theoretical framework of Balance of Power to enumerate how geostrategic policy decisions in India-Vietnam bilateral relations can create a "counterbalance" to the Chinese investments in India's neighborhood, especially in Pakistan.

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South Korea–Vietnam–India Trilateral Economic Cooperation: Prospects and Policy Implications

TRUONG,

NGUYEN

2023

J. Ind. Asn. Stds.

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Great attention has been paid to the bilateral economic relations between India, Vietnam, and South Korea; however, only scant research has focused on the prospects of triangular economic cooperation among the three countries. Given the advantage and demand for the cooperation of each party, there is significant potential for trilateral economic cooperation among South Korea, Vietnam, and India. In this paper, we discover the prospects for their triangular economic cooperation in three aspects. First, this study examines the potential for cooperation in production networks and supply chains between the three countries in the context of reconfiguring the global value chains (GVCs), with a focus on the leading role of South Korean multinational enterprises (MNEs). Second, the study explores trilateral cooperation in the digital economy and connectivity, focusing on how South Korea and India can collaborate on investment projects in Vietnam. Third, this study discusses the rationale and possibility of forming a regional trade agreement (RTA) between the three countries. South Korea, Vietnam, and India have extant bilateral trade agreements between two of the three countries; however, there is no regional integration among the three countries discussed in specific. Considering the bilateral relations and domestic and external factors, the paper reckons that an RTA for starters between the three countries would be mutually beneficial to each of the corresponding economies.

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India–Vietnam Relations since September 2016

Cited by 3 publications

References 0 publications

Histories, Affinities, and Leaders: Vietnam–India Political and Diplomatic Ties

Histories, Affinities, and Leaders: Vietnam–India Political and Diplomatic Ties

Realigning India’s Vietnam Policy Through Cooperative Sustainable Development: a Geostrategic Counterbalancing to China in Indo-Pacific

South Korea–Vietnam–India Trilateral Economic Cooperation: Prospects and Policy Implications

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