November 01, 2010 08:42
Russian President Dmitry Medvedev and his Vietnamese counterpart Nguyen Minh Triet have called for increased trade and investment between their two countries. The two leaders met Sunday in Hanoi to seal a nuclear plant construction agreement and other bilateral deals.
Under the $5 billion agreement, Russia will build Vietnam's first nuclear power plant. Construction is expected to start in 2014.
Medvedev told reporters after the meeting that the power plant will account for a great share of Vietnam's energy market and allow it to develop into a modern state. Triet said the deal shows the confidence Vietnam has in Russian technology.
Earlier Sunday, Vietnamese Prime Minister Nguyen Tan Dung and his visiting Japanese counterpart Naoto Kan said their two countries will work together to build a nuclear plant in Vietnam. Vietnam says it plans to build eight nuclear power plants within the next 20 years.
The Russian and Japanese leaders were in Hanoi for a regional summit Saturday.
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