CURRENT AFFAIRS

Detailed explanation-1: -Union Minister of Information & Broadcasting Shri Anurag Thakur today signed a Letter of Intent (LoI) with Mr. Nguyen Manh Hung, Minister of Information and Communication, Government of Vietnam on collaboration in the fields of digital media, paving the way for strengthening partnership between India and Vietnam.

Detailed explanation-2: -Recently, India and Vietnam signed a letter of intent (LOI) to collaborate in the field of digital media, paving the way for further strengthening the partnership between the two countries. A LOI is a document that declares the initial commitment of two parties as they enter into a business deal with each other.

Detailed explanation-3: -Vietnam has many common FTA partners with India within the framework of the ASEAN-India FTA since the year 2010.

Detailed explanation-4: -Vietnam is of great strategic importance because its position enables it to control ‘the South China Sea - a true Mediterranean of the Pacific’. The maritime domain, therefore, has become an essential element of India and Vietnam cooperation.

Detailed explanation-5: -India and Vietnam are both members of the Mekong–Ganga Cooperation, created to develop and enhance close ties between India and nations of Southeast Asia. Vietnam has supported India’s bid to become a permanent member of the U.N. Security Council and join the Asia-Pacific Economic Cooperation (APEC).