News / Asia

Russian President Signs Nuclear Plant Deal With Vietnam

Visiting Russian president Dimitry Medvedev (L) shakes and with his Vietnamese counterpart Nguyen Minh Triet during an official welcoming ceremonyat the presidential palace in Hanoi, 31 Oct 2010
Visiting Russian president Dimitry Medvedev (L) shakes and with his Vietnamese counterpart Nguyen Minh Triet during an official welcoming ceremonyat the presidential palace in Hanoi, 31 Oct 2010

Russian President Dmitry Medvedev has met in Hanoi with Vietnamese leaders to seal a nuclear plant construction agreement and other deals between the two countries.

Russian President Dmitry Medvedev was in the Vietnam capital, Hanoi, for the Association of Southeast Asian Nations leaders summit. Mr. Medvedev praised the $5 billion agreement to build Vietnam's first-ever nuclear power plant.

Mr. Medvedev spoke during a press conference broadcast on Russian state television.

"If we reach the goals we have set, this power plant will account for a great share of Vietnam's energy market and will allow it to develop as a modern state that not only produces and processes oil, but also uses other energy sources, which is very important in today's world," he said.

Vietnamese President Nguyen Minh Triet also praised the agreement.

"Today's signing of an agreement on the construction of an atomic power plant in Vietnam demonstrates the special ties we have with Russia, and of course the deal indicates the confidence that Vietnam has in Russia's technology," he said.

Under the pact, Russia will initially build two power units in Vietnam, each with a capacity of 1.2 gigawatts each.

Vietnam says it has plans to build eight nuclear power plants in five provinces within the next 20 years. The plants would have a total capacity of 15 gigawatts, which would account for about 10 percent of all electricity produced in the country.

Moscow State University of International Relations Asian expert Dmitry addressed the pact on Rusisa's state-run English language channel, RussiaToday.

"The agreement was struck in sharp competition with other countries, and the fact that Vietnam preferred Russia shows that there is a revival of a sort of trust relations between our two countries," said Streltsov.

But Streltsov says that perfect relations between the two countries are not immediate just because of the new deal.

"I do not think that one could say that Russia's revival is fact. Now it is premature to say that," he said. "It is a long way ahead."

Russia has been trying bolster economic cooperation with Vietnam in recent years. The county was the site of a cold-war showdown with the United States and at one time boasted the Soviet Union's biggest naval base abroad.

According to Russian Government figures, Trade between Russia and Vietnam increased more than 16 percent in the first half of 2010. Russia also built Iran's first nuclear power plant and is actively trying to build other nuclear power facilities abroad.

You May Like

Koreas Mark 61st Anniversary of War Armistice

Muted observances on both sides of heavily-armed Demilitarized Zone that separates two decades-long enemies More

Judge Declares Washington DC Ban on Public Handguns Unconstitutional

Ruling overturns capital city's prohibition on carrying guns in pubic More

Pricey Hepatitis C Drug Draws Criticism

Activists are using the International AIDS Conference to criticize drug companies for charging high prices for life-saving therapies More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Students in Business for Themselvesi
X
Mike O'Sullivan
July 26, 2014 11:04 AM
They're only high school students, but they are making accessories for shoes, fabricating backpacks and doing product photography - all through their own businesses. It's the result of a partnership between a non-profit organization that teaches entrepreneurship and their schools. VOA's Mike O'Sullivan and Deyane Moses met the budding entrepreneurs near Los Angeles.
Video

Video Students in Business for Themselves

They're only high school students, but they are making accessories for shoes, fabricating backpacks and doing product photography - all through their own businesses. It's the result of a partnership between a non-profit organization that teaches entrepreneurship and their schools. VOA's Mike O'Sullivan and Deyane Moses met the budding entrepreneurs near Los Angeles.
Video

Video Astronauts Train in Underwater Lab

In the world’s only underwater laboratory, four U.S. astronauts train for a planned visit to an asteroid. The lab - called Aquarius- is located five kilometers off Key Largo, in southern Florida. Living in close quarters and making excursions only into the surrounding ocean, they try to simulate the daily routine of a crew that will someday travel to collect samples of a rock orbiting far away from earth. VOA’s George Putic has more.
Video

Video Not Even Monks Spared From Thailand’s Junta-Backed Morality Push

With Thailand’s military government firmly in control after May’s bloodless coup, authorities are carrying out plans they say are aimed at restoring discipline, morality and patriotism to all Thais. The measures include a crackdown on illegal gambling, education reforms to promote students’ moral development, and a new 24-hour phone hotline for citizens to report misbehaving monks. Steve Sandford reports from Bangkok.
Video

Video Virtual Program Teaches Farming Skills

In a fast-changing world beset by unpredictable climate conditions, farmers cannot afford to ignore new technology. Researchers in Australia are developing an online virtual world program to share information about climate change and more sustainable farming techniques for sugar cane growers. As VOA's Zlatica Hoke reports, the idea is to create a wider support network for farmers.
Video

Video Airline Expert: Missile will Show Signature on Debris

The debris field from Malaysia Airlines Flight 17 is spread over a 21-kilometer radius in eastern Ukraine. It is expected to take investigators months to sort through the airplane pieces to learn about the missile that brought down the jetliner and who fired it. VOAs Carolyn Presutti explains how this work will be done.
Video

Video Treatment for Childhood Epilepsy Heats up Medical Marijuana Debate

In the United States, marijuana is classed as an illegal drug by the federal government. But nearly half the states have legalized it, to some degree. Proponents say some strains of marijuana might have exceptional health benefits, for treating pain or inflammation in chronic conditions such as cancer, multiple sclerosis and epilepsy. Shelley Schlender reports on a strain of medical marijuana developed in Colorado that is reputed to reduce seizures in childhood epilepsy
Video

Video Airbus Adds Metal 3D Printed Parts to New Jets

By the end of this year, European aircraft manufacturing consortium Airbus plans to deliver the first of its new, extra-wide-body passenger jets, the A350-XWB. Among other technological innovations, the new plane will also incorporate metal parts made in a 3-D printer. VOA's George Putic has more.
Video

Video AIDS Conference Welcomes Exciting Developments in HIV Treatment, Prevention

Significant strides have been made in recent years toward the treatment and prevention of HIV, the virus that causes AIDS. This year, at the International AIDS Conference, the AIDS community welcomed progress on a new pill that may prevent transmission of the deadly virus. VOA’s Anita Powell reports from Melbourne, Australia.
Video

Video IAEA: Iran Turns its Enriched Uranium Into Less Harmful Form

Iran has converted its stockpiles of enriched uranium into a less dangerous form that is more difficult to use for nuclear weapons, according to the United Nations’ Atomic Energy Agency. The move complies with an interim deal reached with Western powers on Iran's nuclear program last year, in exchange for easing of sanctions. Henry Ridgwell reports for VOA from London.

AppleAndroid