India gives $500 mn in defence to China’s rival Vietnam
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HANOI (APP): India said Saturday it is giving Vietnam half a billion dollars in credit to boost defence ties.
Indian Prime Minister Narendra Modi made the announcement during a visit to Hanoi.
"I am also happy to announce a new defence credit for Vietnam of $500 million for facilitating deeper defence cooperation," Modi told reporters after officials signed a raft of agreements, including in technology, cyber security and health.
He did not specify details of the arrangement, but traditionally such lines of credit would oblige Vietnam to sign contracts with Indian companies.
