HANOI, March 23 (Reuters) - Vietnam and Russia are expected to sign energy deals during Vietnamese Prime Minister Pham Minh Chinh's four-day visit to Moscow that started on Sunday, the government said
Vietnam and Russia to Sign Major Energy Agreements During Moscow Visit
Overview of Vietnam-Russia Energy Cooperation and Agreements
HANOI, March 23 (Reuters) - Vietnam and Russia are expected to sign energy deals during Vietnamese Prime Minister Pham Minh Chinh's four-day visit to Moscow that started on Sunday, the government said.
Key Agreements and Focus Areas
- The two sides are expected to sign "important agreements", focusing on energy, trade and investment, Vietnam's government said in a statement late on Sunday.
High-Level Meetings
- Chinh is scheduled to meet counterpart Mikhail Mishustin and Russian President Vladimir Putin.
Context: Rising Fuel Prices
- Chinh's visit comes as Vietnam has faced surging fuel prices since the U.S.-Israel war on Iran, with gasoline prices up 50% and diesel prices rising 70%.
Strategic Relationship and Energy Projects
Military and Energy Ties
- Communist-run Vietnam maintains close ties with Russia, its longtime top supplier of military equipment, while Russian oil and gas companies operate offshore of Vietnam.
Future Collaboration: Nuclear Power Plant
Ongoing Negotiations
- The two countries have been in talks for a Russian company to build Vietnam's first nuclear power plant, and officials said they are likely to officially sign a nuclear power agreement during Chinh's trip.
(Reporting by Khanh Vu; Editing by Martin Petty)
