HANOI
\nVietnam\u2019s prime minister left Sunday for an official visit to Russia during which the two nations will sign several agreements, including on oil and gas cooperation, Hanoi said.
\nPrime Minister Pham Minh Chinh\u2019s trip to the major oil-producing nation from March 22 to March 25 comes as Vietnam seeks to shore up its fuel reserves amid global supply disruptions due to the war in the Middle East.
\nHis visit will focus on deepening ties with Russia and expanding cooperation in trade, investment and energy, Vietnam\u2019s government said in a statement on Sunday.
\n\u201cDuring this visit, a series of important agreements related to nuclear power plant projects, as well as cooperation in energy and oil and gas will be signed,\u201d another statement from Hanoi said on Saturday.
\n\u201cCooperation in oil and gas energy will be reinforced in all fields of trade, exploration, extraction, and human resource training,\u201d it added.
\nSince the US-Israel war against Iran began in late February, sparking fuel price hikes and fears of shortages around the world, the cost of 95-octane petrol and diesel in Vietnam, a manufacturing hub, has soared by 50 percent and 70 percent, respectively.
\nChinh held phone talks recently asking for fuel support from several countries, including Qatar, Kuwait, Algeria and Japan, according to Hanoi.
\nHe is scheduled to meet with his Russian counterpart, Mikhail Mishustin, on March 23, Moscow said.
\nThey will discuss \u201cissues of Russian-Vietnamese trade,\u201d with a focus on implementing joint projects in the energy and other sectors, according to a Russian government statement released on March 19.
\nDuring a visit by Mishustin to Hanoi in January 2025, Russia said it was \u201cready to participate in building a national nuclear power industry in Vietnam,\u201d and the two nations would work together on joint oil and gas projects, according to a joint statement.
\nThe two sides also signed a deal on nuclear energy at the time, with Chinh saying his country would aim to build a nuclear power plant within five years.<\/p>\n","protected":false},"excerpt":{"rendered":"
HANOI Vietnam\u2019s prime minister left Sunday for an official visit to Russia during which the two nations will sign several agreements, including on oil and gas cooperation, Hanoi said. Prime Minister Pham Minh Chinh\u2019s trip to the major oil-producing nation from March 22 to March 25 comes as Vietnam seeks to shore up its fuel […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-537770","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n