India has announced a $300 million loan to Vietnam to enhance its maritime security, a move that reflects the strengthening of their Comprehensive Strategic Partnership. This announcement was made during the visit of Vietnamese Prime Minister Pham Minh Chinh to New Delhi, where both leaders discussed expanding cooperation across various sectors, including defense, technology, and climate action. The bilateral trade between India and Vietnam has surged by 27% in 2022, reaching $14.14 billion, with significant exports and imports between the two nations. The leaders also inaugurated the 'Army Software Park' in Vietnam, aimed at equipping Vietnamese soldiers with digital skills. This collaboration aligns with India's 'Act East' policy and its Indo-Pacific vision, emphasizing a global approach to address security challenges. Both countries are committed to enhancing their economic ties and cooperation on issues such as terrorism and cybersecurity.