Vietnam and the Russian Federation agreed on cooperation orientation on energy

Information from the Department of European and American Markets (Ministry of Industry and Trade) said that, from October 12 - 13, 2023, Mr. Nguyen Hong Dien attended the 6th International Forum "Week of Russian Energy”.

The Minister of Industry and Trade of Vietnam and the Minister of Energy of the Russian Federation signed the Protocol amending the Intergovernmental Agreement on continued cooperation in the field of geological exploration and oil and gas exploitation.

On this forum margin, Minister Nguyen Hong Dien and Minister of Russian Federation Energy Nikolai Grigorievich Shulginov signed two important cooperation agreements between the two Governments on continued cooperation in the oil and gas geological exploratory and exploitation.

The two sides also reviewed the implementation situation of bilateral energy projects, as well as agreed on a number of major cooperation directions that will be researched and implemented in the near future.

Minister of Industry and Trade meets with big oil and gas enterprises of the Russian Federation.

On this occasion, the two Ministers signed a Protocol for amending the Intergovernmental Agreement on continued cooperation in the oil and gas geological exploratory and exploitation.

The signing of these two documents demonstrates the strong support of the State and Government Leaders of the two countries for the policy of prioritizing the development of the energy sector in bilateral cooperation.

On the forum margin, Minister Nguyen Hong Nhien also contacted the major oil and gas enterprises of the Russian Federation such as Zarubezhneft, Gazprom and NOVATEK and listened to the situations for deploying projects of Russian Federation enterprises in Vietnam, as well as the future business expansion intentions.

This visit to the Russian Federation by the Ministry of Industry and Trade demonstrated commitment and reaffirmed the desire to promote future cooperation between Vietnam and the Russian Federation, especially in energy, economics, trade and investment.

In the current background, strengthening the comprehensive strategic partnership between Vietnam and the Russian Federation is extremely important for the economic and social development of each country. The two sides commit to continue exchanging delegations and strengthening dialogue to promptly remove difficulties and obstacles, as well as seek and promote new cooperation directions.