Monday, 15 November 2010
Russia and Vietnam sign co-operation agreement
Russia's President Dmitri Medvedev has signed a co-operation agreement with Vietnam's President Nguyen Minh Triet for the Russians to build a nuclear power station in Vietnam, the first for the south-east Asian country.
“If we reach the goals we've set, this power plant will account for a great share of Vietnam's energy market and will allow it to develop as a modern state that not only produces and processes oil, but also uses other energy sources, which is very important in today's world,” said Medvedev.
During a state visit to Vietnam, on the back of a regional summit, the Russian leader said he was looking forward to working with Vietnam and added that the country, “is actively developing in terms of construction, organisation of economy, fortification of defence and security, and also solving social issues. In all these areas Russia will assist Vietnam, which is our close friend.”
The deal, said to be worth more than $5 billion, was commended by Vietnam's president and held up as a sign of how ties between Moscow and Hanoi are strengthening.
“The signing of an agreement on the construction of an atomic power plant in Vietnam demonstrates the special ties we have with Russia and, of course, the deal indicates the confidence which Vietnam has in Russia's technology. We will continue to work together in the oil and gas industry, both in Russia and Vietnam,” said Nguyen Minh Triet.
Source: Tribune Magazine
For more news and expert analysis about Vietnam, please see Vietnam Focus.