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08:05 «Lеt's be clear»
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«Lеt's be clear»

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Russia Vietnam
24.03.26 16:20
Economy

Russia and Vietnam sign agreement on construction of first nuclear power plant in Vietnam

Russian Prime Minister Mikhail Mishustin held talks with Prime Minister of Vietnam Pham Minh Chinh at the Russian Government House in Moscow


Photo: Oleksii Liskonih / iStock

Russia and Vietnam have signed an intergovernmental agreement on the construction of the first nuclear power plant in Vietnam, according to the official website of the Russian Government.

Russian Prime Minister Mikhail Mishustin expressed confidence that the project will become a new symbol of Russian–Vietnamese friendship. He emphasised that the construction of the nuclear power plant will provide a strong impetus for cooperation in related fields – high technologies and fundamental and applied scientific research.

The Russian Prime Minister proposed continuing joint efforts to increase mutual trade turnover and diversify its structure in order to expand economic and trade interaction.

"We also see it as a shared priority to create favourable conditions for the growth of mutual investment and the launch of new projects in industry, energy, transport infrastructure, agriculture and many other areas"
Mikhail Mishustin

Mikhail Mishustin Chairman of the Russian Government

In the oil and gas sector, the parties signed agreements that will allow the practical implementation of projects for the development of deposits in both Russia and Vietnam.

Mishustin noted that special attention is being paid to strengthening humanitarian ties between the countries. The Days of Russian Culture are currently being held in Vietnam. In addition, the Russian Government continues to work on creating favourable conditions for further growth in tourist flows between the two countries.

Mishustin conveyed words of greeting to the General Secretary of the Central Committee of the Communist Party of Vietnam, To Lam.

He stressed that the Russian side values its friendly relations with Vietnam, based on the principles of a comprehensive strategic partnership, mutual respect, and consideration of each other’s interests.

In turn, the Prime Minister of Vietnam conveyed warm greetings from General Secretary To Lam to President of Russia Vladimir Putin.

"My visit to Russia is intended to build upon and further develop the outcomes of the recent meetings and telephone conversations between General Secretary To Lam and President Putin. We would like to reaffirm and strengthen the comprehensive partnership between our nations for the benefit of our peoples, and in the interest of stability, peace, and prosperity both regionally and globally"
Pham Minh Chinh

Pham Minh Chinh Prime Minister of Vietnam

He added that the traditionally friendly relations and comprehensive strategic partnership between the two countries have progressed significantly in recent times, and visits by national leaders serve as an important stimulus for the development of bilateral relations in the near future.

In January last year, Mishustin visited Vietnam on an official visit. At that time, the parties approved a cooperation plan through 2030. General Secretary To Lam visited Russia in May of the previous year.

In 2025, the two states marked the 75th anniversary of the establishment of diplomatic relations.

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