Dao Quang Thu, Vietnam's vice minister of planning and investment, and Indian ambassador Ranjit Rae signed the memorandum of understanding (MoU) in Vietanamese capital Hanoi.
The agreement was inked during the ongoing four-day state visit of Vice President Hamid Ansari to Vietnam.
The MoU will focus on building capacity for developing policy and institutional frame work through exchange of experts for the development of MSMEs. A joint committee will monitor the implementation of the MoU.
