World

India's Modi offers Vietnam $500 million credit line for defence cooperation

Vietnam is in the midst of major military buildup that analysts say is a deterrent as China grows more assertive

Reuters September 03, 2016

india 039 s prime minister narendra modi r reviews the guard of honour with his vietnamese counterpart nguyen xuan phuc during a welcoming ceremony at the presidential palace in hanoi vietnam september 3 2016 photo reuters

India's Prime Minister Narendra Modi (R) reviews the guard of honour with his Vietnamese counterpart Nguyen Xuan Phuc during a welcoming ceremony at the Presidential Palace in Hanoi, Vietnam September 3, 2016. PHOTO: REUTERS

Indian Prime Minister Narendra Modi said on Saturday his country would provide a credit line of half a billion dollars to Vietnam for defence cooperation, the latest sign of closer ties between two countries with separate territorial disputes with China.

Indian troops carry out ‘unprovoked’ firing along LoC

The credit offered by Modi, the first Indian prime minister to visit Vietnam in 15 years, was among a dozen cooperation agreements he signed in Hanoi alongside Vietnamese counterpart Nguyen Xuan Phuc.

Vietnam is in the midst of a major military buildup that analysts say is a deterrent as neighboring China grows more assertive in staking its rival claims in the South China Sea.

COMMENTS (13)

Mustafa Kashmiri | 8 years ago | Reply @Darvesh... Yet yesterday's ET published the news of Pakistanis highest ever Asylum seekers in world....Did you try to find out the reason why so many Pakistanis want to leave your land of pure??? Keep your heads where it is: burried deep in sand...Good for you as you don't want to see the reality.

Rana | 8 years ago | Reply @Darvesh: really..But this news paper says otherwise.Anyway for consolation you need it.You have nothing to loose.

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Darvesh | 8 years ago | Reply @Rana: Every household has at least one and yes for sure,flush system.

Vectra | 8 years ago | Reply Vietnam may use this $500 million to buy supersonic Brahmos and additional patrol ships may be Car Nicobar Class

Rana | 8 years ago | Reply @Darvesh: it is not gift as Pakistan used to get from Arab masters.it is 500mn$ of brahmos missile sell to Vietnam.so it will generate more jobs in India and Vietnam.How many people are having toilet in your country, Darvesh.

Greg | 8 years ago | Reply @AZEEZ: I'm not sure if China is a 3rd world country. China's progress in last few decades has been impressive. Certainly like to see more responsible behavior from her, though.

irfan | 8 years ago | Reply Modi.World rising leader .Now a days countering china .great job.we need pm like modi

Darvesh | 8 years ago | Reply Please build toilets in your country with this money was the response of the Vietnam government. Ram Ram... They too know it,murmured Modi gee.

AZEEZ | 8 years ago | Reply @Greg: china is not a super power,they are also 3rd world country .Only one super power in this world that is UNITED STATES OF AMERICA

Parvez | 8 years ago | Reply What happened to America in Vietnam 1954 to 1973 ?.......let us not forget history.

Moi | 8 years ago | Reply great leader ...respect form Vietnam !

Greg | 8 years ago | Reply @Black Hawk: Agree, appeasement policy is stupid and dangerous.

Black Hawk | 8 years ago | Reply I love Modi's aggressive diplomacy vis-a-vis China. He is successfully challanging China & pushing it in a corner in its own backyard. A complete opposite of the passive policies of Congress.

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