Vietnamese, Russian leaders agree to expand cooperation in renewable energy

Prime Minister Pham Minh and Russian President Vladimir Putin agreed to expand cooperation to new, clean, and renewable energy sectors, such as liquefied natural gas and offshore wind power, to contribute to sustainable development goals during their meeting in Hanoi on June 20.

The meeting took place as part of President Putin's State visit to Vietnam on June 19-20.

The two leaders committed further cooperation in sci-tech, information and communication technology, culture, sports, tourism and labour.

They supported the early implementation of Russia’s large-scale projects in Vietnam, particularly in infrastructure, railways, urban metro systems, and renewable energy to create favorable conditions for enterprises from both countries to expand investment and business activities effectively.

To further promote economic cooperation, both sides agreed to improve the effectiveness of bilateral cooperation mechanisms, particularly the Inter-Governmental Committee for Economic-Commercial and Scientific-Technical Cooperation; soon agree on and implement the Comprehensive Plan for Vietnam-Russia Cooperation until 2030 and the list of prioritized tasks for 2024-2025; and strengthen financial and credit cooperation to facilitate trade and investment.

PM Chinh proposed the two countries to closely coordinate, create new drivers and remove difficulties and obstacles to boost the traditional and multifaceted cooperation to foster the bilateral cooperation in all fields, particularly in economy and trade, and investment.

Stressing oil-energy cooperation as a corner stone  of the bilateral economic cooperation, PM Chinh suggested close coordination and timely solutions to tackling difficulties and improving the efficiency of joint projects in oil exploration and exploitation.

Vietnam is ready to support operations of the joint venture Vietsovpetro and Russian oil companies like Zarubezhneft and Gazprom in expanding their activities in Vietnam, he said.

The two countries should fully tap the advantages of the Eurasian Economic Union-Vietnam Free Trade Agreement, he said, proposing Russia to continue removing trade barriers to facilitate the bilateral trade, particularly the export of Vietnamese consumer goods and agricultural products to Russia.

President Putin affirmed Vietnam as a trustworthy and long-standing partner, noting that his visit is an important opportunity to discuss and agree on measures to foster cooperation in various fields, especially economy, trade, sci-tech, energy, people-to-people and humanitarian exchanges, toward consolidating the bilateral comprehensive strategic partnership.

Later the same day, Russian Vladimir Putin met Chairman of the National Assembly Tran Thanh Man.