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Dr Mahathir arrived in Hanoi yesterday night for his official visit to Vietnam at the invitation of his counterpart, Nguyen Xuan Phuc.
Phuc directed Vietnamese officials to pay close attention to US reactions to net purchases of foreign currencies as the nation continues to build reserves.
Referring to the growing cooperation between two nations in different fields, Naidu informed Xuan Phuc that India was ready to partner with Vietnam in satellite construction, both for civilian and non-civilian uses.
At the meeting, which focused on solutions to promote the development of Vietnam's automobile industry, Phuc said better policies and institutions were needed to aid the industry, and that the country needed to 'renew its thinking about this issue'.
Speaking ahead of Vietnam's participation in the expanded G7 summit that will be held in Canada from June 8 to 9, Phuc also said he hopes the country can utilize its roughly 20 million tonnes of rare earth reserves, which he said are the world's third-largest, in building new energy technologies.
Duterte and Phuc are among the 10 ASEAN leaders who were here for the summit, which Singapore chairs this year.
VNI will dispose of its entire stake to Phuc Hung Import Export Co Ltd., at a sale price of USD 22.1m, which will be paid in cash.
Kim Phuc, who was horrifically wounded in a bombing in Vietnam in 1972, is to recount her story of hope as part of celebrations for the 30th Anniversary of Prison Fellowship Northern Ireland.