India tightens Vietnam defence with US$100 million export credit

(Reuters, New Delhi, 16 September 2014) India and Vietnam have deepened military cooperation over the past decade. India extended a $100 million export credit to Vietnam for defence deals and tightened energy ties on Monday. India and Vietnam have deepened military cooperation over the past decade and under Prime Minister Narendra Modi, India is pushing ahead with a new strategy to establish itself as an arms exporter using export credits to leverage foreign sales.