India offers $300 million loan to build up Vietnam's maritime security, saying it is a key partner
India has offered Vietnam a $300 million loan to build up the Southeast Asian country's maritime security, as the two sides say they want to double their trade and investment within five years
NEW DELHI (AP) — India on Thursday offered a $300 million loan to build up Vietnam’s maritime security, as the two sides said they want to double their trade and investment within five years.
Prime Minister Narendra Modi told visiting Vietnamese Prime Minister Pham Minh Chinh that India considers Vietnam a key pillar of its policy toward Southeast Asian nations and an important partner in its Indo-Pacific vision.
After their talks, Chinh told reporters the world faces fierce security challenges but there are opportunities for cooperation.
"The Asia Indo-Pacific region is a locomotive for growth, but it is also where major politics is taking place fiercely," he said. "We need an approach and methodology that is global and upholding multilateralism."
