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“They welcomed the strong growth in bilateral trade in recent years and urged business to further expand and diversify trade to achieve the bilateral trade target of USD 15 billion by 2020. They identified tourism, garments and textiles, pharmaceuticals and agriculture as important areas of potential growth in bilateral trade,” the statement said.

The two leaders highlighted scope for expansion in ICT, science and technology, space and other areas.

The MoU on line of credit of the Exim bank signed today will explore opportunities for this cooperation in the future.

“Details of equipment to be purchased by Vietnam are under finalisation,” the joint statement said.

Also, under the new air connectivity deal, both Jet Airways and Vietnam Airlines will fly a daily flight connecting Delhi, Mumbai and Ho Chi Minh city starting November 5.

Before meeting his Vietnamese counterpart, Mukherjee visited the Ho Chi Minh’s residential complex here and laid wreath at the memorial of National Heroes and Martyrs.

Upon his arrival to the Presidential palace, Mukherjee was given a guard of honour.

He and Sang jointly planted a sapling of the Holy ‘Bodhi Tree’ which was gifted to Vietnam as a mark of respect and recognition of India’s strong-rooted and growing ties with it.

The Indian delegation comprises Oil Minister Dharmendra Pradhan and five other Parliamentarians.