India Hands Over 12 Patrol Boats to Vietnam Under $100 Million Credit Line

India handed over 12 High Speed Guard Boats to Vietnam during defence minister Rajnath Singh’s visit to Hong Ha Shipyard in Hai Phong on June 9, 2022.

The boats have been constructed under the Government of India’s $100 million Defence Line of Credit to Vietnam. The initial five boats were built in the Larsen & Toubro (L&T) Shipyard in India and the other seven in Hong Ha Shipyard.

Singh is on a three-day official visit to Vietnam. On the first day of engagements in Hanoi on Wednesday, he held bilateral talks with Vietnam’s Minister of National Defence General Phan Van Giang.

Rajnath Singh invited Vietnam to become a part of India’s defence industrial transformation through enhanced cooperation.

Both sides signed a ‘Joint Vision Statement on India-Vietnam Defence Partnership towards 2030’ to enhance defence cooperation. An MoU to simplify procedures for mutually beneficial logistic support was also inked between the two countries.