For India’s Act East Policy, Vietnam has emerged as an important pillar. There is congruence between the two counties in their regional policies. The defence cooperation between the two countries will witness steady improvement. It is time for both countries to explore new avenues of collaborating with other countries on new platforms. India and Vietnam should strive to scale-up the economic component of their engagement. This will require closer examination of the opportunities and proactive policies specifically benefitting each other. India and Vietnam constitute important pillars of multipolar Asia and will determine the trajectory of Asian geopolitics in the years to come.