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India Provided a Military Loan to Vietnam

Well-known Chinese news site Sina recently reported that India announced a US$500 million loan to Vietnam for defense purposes. The announcement was released after the meeting between Indian Prime Minister Modi and Vietnamese Prime Minister Ruanchun Fu in Hanoi. The two prime ministers also confirmed that they positioned the relationship between the two nations as a Comprehensive Strategic Partnership. The two sides both recognized the necessity of the cooperation among partners to face regional emergency challenges. The Times of India also reported that India is in talks with Vietnam on selling Vietnam the BrahMos cruise missiles, which was jointly developed between India and Russia. In the past decade, the relationship between India and Vietnam saw significant developments. Vietnam has been providing logistics services in its ports to Indian warships. Analysts expressed their belief that these moves are seen as aimed at China.

Source: Sina, September 3, 2016