The Ministry of National Defense Monday launched one high-speed patrol boat built with India technical and financial assistance and held the keel-laying ceremony for another. -
Using a $100-million line of credit extended to Vietnam in October 2014 by India, five vessels are being built at the Larsen & Toubro shipyard in Chennai, India, and seven at the Hong Ha Shipyard in Hai Phong under the company’s supervision.
In December last year India handed over the first of the 12 vessels to Vietnam.
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