India and Vietnam have agreed to deepen defence and security cooperation, including co-production of Indian defence equipment. This move strengthens the Enhanced Comprehensive Strategic Partnership under India's Act East Policy and Vision MAHASAGAR, with a clear focus on countering China’s assertive behaviour in the Indo-Pacific region.
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- ›Lines of Credit: USD 100 million (2022), USD 120 million & USD 180 million (signed July 2024)
- ›Naval Asset Gifted: INS Kirpan (missile corvette, July 2023)
- ›Target this Data: USD 100 million, USD 120 million, USD 180 million lines of credit; INS Kirpan (missile corvette) gifted in July 2023; 12 high-speed guard boats (June 2022).
- ›Target this Nodal Body: Ministry of External Affairs (India) and Exim Bank of India (for lines of credit).
- ›Target this Legal Point: The 19th India-Vietnam Joint Commission Meeting under the Enhanced Comprehensive Strategic Partnership framework.
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