New delhi: The Vietnam Software and IT Services Association (VINASA) and the Services Export Promotion Council of India (SEPC) have signed a memorandum of understanding (MoU) on cooperation in New Delhi. This agreement marks a significant step in enhancing collaboration in the fields of IT and services between the two countries.

According to Vietnam News Agency, the MoU outlines a framework for both parties to jointly promote trade and investment in IT and services. It includes plans to arrange business delegations and business-to-business meetings, share market and policy information, and support companies in accessing partnership opportunities. This collaboration is expected to facilitate expansion into new markets for businesses in both Vietnam and India.