India offers Vietnam credit for military ware
India has offered $ 100 million credit line to Vietnam for the purchase military equipment. It will be used for purchasing four patrol boats.
India’s interests in Vietnam
India aims to remain involved in oil exploration activity in the Phu Kanh basin of the South China Sea. But China has to claim that it is its zone of influence. Earlier, Vietnam and India have focused on strategic ties that include cooperation in the civil nuclear sector, training slots for Vietnamese military officers and frequent exchange of visits.
India seeks to expand its defence ties with Vietnam to military hardware and Brahmos missile is one of the key items on Vietnam’s wish-list. India has co-produced the missile with Russia, which, however, has close ties with both Vietnam and China. Indian wants to enhance security ties with all countries beyond its eastern end as a key component to its East Look Policy.