During the meeting, Sharma expressed the wish to enhance ties in information technology, pharmacy and energy with Viet Nam.
The minister's visit coincides with the 40th anniversary of formal diplomatic relations between the two countries and the fifth anniversary of the India and Viet Nam bilateral strategic partnership.
Sharma proposed that a committee be formed to deal with problems arising in co-operation between the two countries.
Meanwhile, Dung said Viet Nam would do its best to further develop bilateral ties with India.
He pointed out that two-way trade with India reached US$4 billion last year.
"The goal of bringing two-way trade to $7 billion is completely achievable in the years to come," Dung said.
The Indian minister shared the Prime Minister's confidence, saying that relations between the two countries would grow closer and stronger, particularly in economics, trade and investment.
While promising to support Indian investment projects in Viet Nam, the PM, expressed the hope that India would create favourable conditions for Vietnamese products entering the Indian market and gradually reduce the bilateral trade imbalance.
VietNamNet/Viet Nam News
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