The statement was signed by Defence Minister Manohar Parrikar and his Vietnamese counterpart Gen Phung Quang Thanh at the end of delegation-level talks in here last night.
An MoU on cooperation between the Coast Guards of the two countries was also signed in the presence of the two Defence Ministers, an official statement issued today said.
The Vietnamese Defence Minister is on a 3-day official visit to the country at the invitation of Parrikar.
At the delegation-level talks, the two sides discussed wide-ranging issues concerning defence cooperation, including cooperation in maritime security.
Defence officials refused to share details of the vision statement saying it was "classified".
Vietnam is involved in a territorial dispute with China in the South China Sea.