Russia and Vietnam on Sunday signed a deal worth an estimated 5.6 billion dollars for the Southeast Asian country's first nuclear power plant.
Russian President Dmitry Medvedev and Vietnamese President Nguyen Minh Triet witness the signing of the agreement between the two governments on building a nuclear power plant in Vietnam.
The deal is part of an agreement to raise bilateral trade between the two countries from 1.83 billion USD in 2009 to 3 billion USD in 2012 and 10 billion USD in 2020. The agreement was reached at the talks between State President Nguyen Minh Triet and his Russian counterpart Dmitry Medvedev following a State welcoming ceremony in Hanoi on Oct. 31.
After the talks, the two presidents witnessed the signing ceremony of documents, including the agreement between the two governments on building a nuclear power plant in Vietnam.
Speaking at a press briefing to inform the results of the talks, President Triet emphasised the significance of the traditional friendship and strategic partnership between Vietnam and Russia for the two countries, saying that the relationship has been unceasingly consolidated and expanded in various fields.
Nuclear energy cooperation is the symbol of a specially trustful relationship between Vietnam and Russia, said President Triet.
Additionally, Vietsovpetro has reached a new oil and gas cooperation deal, he said, adding that Russia has pledged to facilitate oil and gas cooperation projects between the two sides in Russia, Vietnam and a third country.
On economics, trade and investment cooperation, President Triet said the two leaders discussed conditions to set up the Vietnam-Russia-Belarus-Kazakhstan free trade area towards raising the Vietnam-Russia trade value to 3 billion USD in 2012 and 10 billion USD in 2020.
The relationship between Russia and Vietnam is a durable relations which are based on trust and have withstood the test of time, said President Medvedev.
Both leaders laid stress on enhancing long-term trustful military technology cooperation and expanding cooperation in education-training, culture, science-technology and other traditional fields.
The Russian President expressed his interest in Russia ’s involvement in Vietnam’s infrastructure construction, railway modernisation, and ICT projects.
The two leaders recognised the contributions by Vietnamese citizens who are studying and working in Russia and Russian citizens who are studying and working in Vietnam to promoting the two countries’ traditional friendship and comprehensive cooperation.
On the afternoon of Oct. 31, President Triet and his Russian counterpart Medvedev attended the Vietnam-Russia business forum and talked with the two countries’ business communities.
Russian President Medvedev was received by Party General Secretary Nong Duc Manh and had separate meetings with National Assembly Chairman Nguyen Phu Trong and Prime Minister Nguyen Tan Dung on the afternoon of Oct. 31.
At a reception given by the Vietnamese Party leader, the Russian President affirmed to instruct the Russian Government and sectors to implement bilateral cooperation projects in economics, trade, energy, science-technology, defence security and culture-education.
General Secretary Manh said Vietnam would contribute to promoting the ASEAN-Russia cooperation and congratulated Russia on its official admission to the East Asia Summit as of 2011.
He said he believed that the two countries would effectively collaborate in the regional connectivity mechanism.
At a meeting with NA Chairman Trong, the Russian President expressed his belief in the enhancement of the two parliaments’ friendship and cooperation, thus contributing to further developing the two countries’ relationship.
The Vietnamese NA leader affirmed that the two legislatures have made active contributions to the two countries’ relationship.
Meanwhile, PM Dung assured President Medvedev that the Vietnamese Government would exert its utmost to implement agreements signed by the two countries’ leaders.
He proposed Russia to assist and grant preferential loans to Vietnam’s building of a nuclear power plant as well as capital sources to make a feasibility study for the project and build the nuclear science and technology centre.
He also proposed that both sides increase cooperation in oil and gas, banking, telecom, and trade sectors and facilitating Russian businesses’ investment in Vietnam .
There remains a large prospect for bilateral cooperation, said the Russian President, noting that both countries join in settling difficulties to create favourable conditions for their businesses to expand investment cooperation and business activities, including cooperation in a third country.
Russia boasts experiences in nuclear power plant construction and will offer preferential loans in building the plant as well as enhance oil and gas cooperation, affirmed President Medvedev.
Russian President Medvedev left Hanoi on the evening of Oct. 31 to conclude his official visit to Vietnam and attendance at the second ASEAN-Russia Summit.
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