India to give USD 100 mln credit line to Vietnam

Article Posted on : - Nov 21, 2013

NEW DELHI (PTI): India has said it will provide a USD 100 million line of credit to Vietnam for defence purchases to help it modernise its armed forces.

"India will continue to assist Vietnam in modernisation and training of its defence and security forces, including through a USD 100 million line of credit for defence purchases," Prime Minister Manmohan Singh said during the visit of General Secretary of the Communist Party of Vietnam, Nguyen Phu Trong.

He said the two countries "reaffirmed the importance of defence and security cooperation in our overall strategic partnership and agreed to strengthen it further."

The Prime Minister said India will also help setting up the Indira Gandhi High-tech Cyber Forensic Laboratory in Hanoi and a Vietnam-India English and IT Training Centre at the National Defence Academy of Vietnam.

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