Following a visit from Ho Chi Minh and his ministers, the Soviet Union announces that it will grant Hanoi 400 million rubles (about $100 million) in economic aid. On July 7, China had announced that Beijing would extend Hanoi economic aid of 800 million yuan (about $200 million). The July grants from China and the Soviet Union enabled Hanoi to initiate an ambitious industrialization program. In less than 10 years, the North was producing items not yet made in the South. Continued aid from Hanoi's fellow communist nations would sustain North Vietnam in its war against the South Vietnamese and their American allies until 1975, when they defeated the South Vietnamese forces and reunified the country.
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Jul 18, 1955:
Soviet Union agrees to grant Hanoi economic aid
Fact Check We strive for accuracy and fairness. But if you see something that doesn't look right, contact us!
This Week in History, Jul 18 - Jul 24
- Jul 18, 1955
- Soviet Union agrees to grant Hanoi economic aid
- Jul 18, 1968
- Johnson meets Thieu in Honolulu
- Jul 19, 1964
- President Khanh calls for expanding the war
- Jul 19, 1972
- Peace talks resume
- Jul 20, 1964
- Viet Cong troops overrun town
- Jul 20, 1969
- Duck Hook plan completed
- Jul 21, 1965
- Johnson considers the options
- Jul 22, 1967
- Taylor and Clifford begin tour of the Pacific region
- Jul 22, 1968
- North Vietnamese condemn Honolulu Conference
- Jul 23, 1964
- Taylor and Khanh have "heated" discussions in Saigon
- Jul 23, 1965
- Johnson urged to declare a state of national emergency
- Jul 24, 1965
- North Vietnam increases air defense capabilities
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