Russia on Tuesday penned a deal to build Vietnam's first nuclear power plant, and the countries' respective oil and gas giants forged a joint venture, increasing Moscow's outreach into southeast Asia, Russian news agencies reported.
Vietnamese Prime Minister Nguyen Tan Dung is in Moscow to hammer out several key deals expected to boost Russia's influence in southeast Asia.
The plant deal was signed in Moscow by Sergei Kiriyenko, the head of Russia's nuclear energy agency Rosatom, and Pham Le Thanh, the head of Vietnam's state electricity company EVN.
Respective state energy giants Gazprom and Petrovietnam signed a deal establishing Gazpromviet as a joint venture for developing energy fields in Russia, Vietnam, and third countries — expanding on a loose agreement on the cooperative project in 2008.
State news agency RIA Novosti reported the new company is to develop the Nagumanov oil and gas field in the Ural Mountains region, while also taking on projects in eastern Siberia and the Far East.
The Russian side is to hold a 51 percent stake in the venture, with Vietnam taking 49 percent, RIA reported.
The Vietnamese premier also met with President Dmitry Medvedev and Prime Minister Vladimir Putin on Tuesday.
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