Viet Nam and Russia agreed to deepen cooperation in energy and oil and gas during talks between Prime Minister Phạm Minh Chính and Russian counterpart Mikhail Mishustin in Moscow on Monday, during an official visit aimed at consolidating the two countries’ Comprehensive Strategic Partnership.
Mishustin reaffirmed that Russia places high priority on its Comprehensive Strategic Partnership with Viet Nam, considering the country a key partner in the Asia-Pacific region. PM Chính reaffirmed Việt Nam’s foreign policy of independence and multilateralisation, describing Russia as a trusted friend and one of Viet Nam’s most important partners in Europe. The two leaders reviewed progress across economy, trade, investment, defence and security, energy and oil and gas, and humanitarian cooperation.
The highlight of the visit was the signing of an intergovernmental agreement on cooperation in the construction of the Ninh Thuan 1 Nuclear Power Plant. Signed by Rosatom Director General Alexei Likhachev and Tran Van Son in the presence of both Prime Ministers, the agreement foresees the construction of two VVER-1200 reactor units with a combined capacity of 2,400 MW, using the Leningrad NPP-2 as the reference project. Rosatom described the deal as ‘the foundation for a long-term industrial partnership that will strengthen Vietnam’s energy independence and open up new opportunities for economic growth.’
The two sides also agreed to explore expanded cooperation in new, clean and renewable energy, supporting the green transition and sustainable development. Multiple agreements in energy, oil and gas and transport were signed between businesses from both countries during the visit. The two prime ministers further agreed that science and technology should become a new pillar of bilateral cooperation.
