The Vietnam-made 1241.8 Molniya corvette: Almaz introduces
This is the class that Russian supports Vietnam to actively build itself.
Project 1242.1 and project 1241.8 Molniya ("Lightning") are further developments of the Tarantul family boats. The two projects has been modified and rearmed with modern missile systems like the Uran-E. The projects are maufactured by the Russian Vympel Shipyard. Russia received at least one boat for trials in the 1990s and in 1999 Vietnam orderd two vessels. Vietnam has also started its own production line of 1241.8 boats with the assistance of Almaz Central Design Bureau in St. Petersburg and has of 2011 four boats in construction. In 2009 Libya orderd 3 ships.
For wikipedia's main article, click http://en.wikipedia.org/wiki/Tarantul-class_corvette