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Modi in Vietnam: India gives $500 mn credit line for defence

Modi seeks facilitation of ongoing Indian projects in Vietnam; sets bilateral trade target of $15 billion by 2020.

By :  naren pulloor
Update: 2016-09-03 08:24 GMT
India and Vietnam signed 12 agreements on Saturday and also extended USD 500 million Line of Credit to Vietnam for facilitating deeper defence cooperation with the south east Asian nation. Modi on Friday flew into the Vietnamese capital on his maiden visit to hold wide-ranging talks with the country's top leadership on ways to bolster strategic bilateral ties.
Modi calls on Vietnamese President Tran Dai Quang at Presidential Palace. (Photo: Twitter/PIB)
Modi met Nguyen Phu Trong, General Secretary of Communist Party at Communist Party Headquarters in Hanoi. (Photo: Twitter/PIB)
Modi is shaking hands with Nguyen Thi Kim Ngan, Chairperson of the National Assembly of Vietnam during a meeting at National Assembly in Hanoi. (Photo: PTI)
The Indian PM lays wreath at Monument of National Heroes and Martyrs at the mausoleum of Ho Chi Minh.
Modi was welcomed upon his arrival at Noi Bai International Airport in Hanoi. Modi's Vietnam visit marks the first by an Indian premier to the country in 15 years, takes place on his way to Hangzhou, China to attend the G20 Summit beginning Sunday. (Photo: PTI)
Modi interacts with members of the Indian community at his hotel in Hanoi. (Photo: PTI)
Modi with his Vietnamese counterpart Nguyen Xuan Phuyc during his ceremonial reception at the Presidential palace in Hanoi. (Photo: PTI)
Modi feed fish in front of Ho Chi Minh's Stilt House at the Presidential palace in Hanoi. (Photo: PTI)
Modi said Buddhism, which took the sea route, travelled to Vietnam in its purest form from India. He invited all the monks to visit India, the land of Buddha and especially to Varanasi which he represent in the Indian Parliament. (Photo: Twitter)
Addressing Buddhist monks at the temple, Modi said Vietnam was an inspiration for everyone to shun violence and follow Buddha's path of peace and harmony. (Photo: Twitter)
Modi visited the historic Pagoda temple and the stilt house where revered leader Ho Chi Minh lived, apart from enjoying fishing with his Vietnamese counterpart Nguyen Xuan Phuc. (Photo: PTI)
Besides seeking facilitation of ongoing Indian projects and investments in Vietnam, Prime Minister Modi said he has invited Vietnamese companies to take advantage of the various schemes and flagship programmes of the Indian government. (Photo: PTI)
Vietnam has shown a keen interest in air and defence production. India's L&T will build offshore high speed patrol boats for Vietnamese Coast Guards, while an agreement was signed on programme of cooperation in UN peacekeeping matters. (Photo: PTI)
The pacts included agreement on exploration and uses of outerspace for peaceful purposes, agreement on avoidance of double taxation, health cooperation, IT cooperation, cyber security and agreement on contract and design, building of boat in India, equipment supply and technology transfer. (Photo: PTI)
Modi seeks facilitation of ongoing Indian projects in Vietnam; sets bilateral trade target of $15 billion by 2020.

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