Improved India-Vietnam relations are guided both by their common historical experiences and their mutual concerns in the post-cold war context. Both have suffered aggression from China in the past and had good relations with the former Soviet Union. In fact, India was the only non-communist country to recognize the unified Vietnam and, ever since, they have had a friendly relationship, one that has stood the test of time. However, in the post-cold war context the shadow of China looms large over this relationship.
Vietnam in WTO: New Economic Calculations
Vietnam was inducted into the World Trade Organisation (WTO) on November 8, 2006. This was approved by the General Council, the WTO's major decision-making unit, after due deliberations on October 26. One hindrance in the realisation of Vietnam's WTO membership plans has been the passing of the "Permanent Normal Trade Relation" (PNTR) bill in the US Congress. Earlier the United States Finance Committee had passed the bill on August 1, 2006 by 20 to 18 votes in favour.