New Delhi, May 6 -- Prime Minister Narendra Modi on Wednesday announced that India and Vietnam have formalised a strategic roadmap to elevate bilateral trade to USD 25 billion by 2030, marking a significant expansion in economic and sector-specific cooperation between the two nations.

The announcement came as Prime Minister Modi and the President of Vietnam, To Lam, witnessed the exchange of several Memoranda of Understanding (MoUs) at Hyderabad House in Delhi.

Delivering a joint press statement, the Prime Minister highlighted the specific measures taken to enhance market access and trade volume. "We have taken several important decisions today to take our bilateral trade to $25 billion by 2030. The MoU between our drug authorities will...