Vietnam has signed several energy deals with Russia, including an agreement to build a nuclear power plant in southern Vietnam. The country is trying to solve energy shortages linked to the Middle East conflict.
The agreements were signed in Moscow by Vietnam’s Prime Minister Pham Minh Chinh and Russia’s Prime Minister Mikhail Mishustin on the first day of Chinh’s three-day visit.
In a statement released on Saturday before his trip, the government of Vietnam said that Prime Minister Pham Minh Chinh’s visit would focus on strengthening relations with Russia, especially in the area of energy cooperation.
“During this visit, a series of important agreements related to nuclear power plant projects, as well as cooperation in energy and oil and gas will be signed,” the statement said. “Cooperation in oil and gas energy will be reinforced in all fields of trade, exploration, extraction, and human resource training,” it added.
“We have been in negotiations with potential buyers for over five years, and have very recently signed a preliminary supply agreement with one of them,” Novatek’s CEO Leonid Mikhelson told state broadcaster Rossiya 24, without naming the customer. “We are ready to commence deliveries at the earliest opportunity.”
However, as Vietnam’s energy needs continue to grow, Prime Minister Pham Minh Chinh said in late 2024 that the government plans to restart its nuclear energy program.
Vietnam asked Japan and Russia to help carry out the projects. But later that year, Japan decided to withdraw, saying the timeline set by the Vietnamese government was too short.
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