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Energy among key pillars of Vietnam – Russia cooperative relations

Vietnam and Russia have signed two important agreements in the field of geological exploration, and oil and gas exploitation.
Energy among key pillars of Vietnam – Russia cooperative relations ảnh 1The agreements are inked by Vietnamese Minister of Industry and Trade Nguyen Hong Dien (L) and Russian Energy Minister Nikolai Shulginov. (Photo: VNA)
Moscow (VNA) - Vietnam and Russia have signed two important agreements inthe field of geological exploration, and oil and gas exploitation.

Theagreements were inked by Vietnamese Minister of Industry and Trade Nguyen HongDien and Russian Energy Minister Nikolai Shulginov on the sidelines of the 6th"Russian Energy Week" International Forum in Moscow on October 12-13.

In aworking session with Shulginov on October 12, the two sides reviewed theimplementation of bilateral oil and gas, and energy projects and agreed on anumber of major cooperation directions for the coming time.
Energy among key pillars of Vietnam – Russia cooperative relations ảnh 2At the working session between Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Russian Energy Minister Nikolai Shulginov. (Photo: VNA) 
Dienaffirmed that the signing of the cooperation deals showed the strong support ofleaders of the Vietnamese and Russian States and governments for prioritisedpolicies in the fields of energy, and oil and gas in the bilateral cooperativeties in the time to come.

Earlierthe same day, Dien received Russian Deputy Minister of EconomicDevelopment Vladimir Ilichev. The two officials recognised the recovery ofbilateral trade after a sharp fall in 2022. Russia's statistics showed thattwo-way trade reached 2.7 billion USD in the first seven months of 2023, up6.2% year on year.

Theyagreed to remove difficulties in payment, transport and travel of people,especially entrepreneurs, between the two nations in a bid to foster economic,trade and investment ties.

Thetwo sides also discussed bilateral cooperation in industry, agriculture as wellas in exploration and exploitation of natural resources, and seek newcooperation projects in green transition, energy transition, climate changeresponse, circular economy, science-technology and innovation.

Duringthe trip, Dien attended the opening of Vietnam Days in Russia, lasting from October12-15, and the inauguration of a milk cow farm of TH Group in Moscow oblast, and received leaders of several Russia oil and gas groups such as Zarubezhneft, Gazprom and NOVATEK./.

VNA
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