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    Russia - Vietnam Strategic Relationship

    George1
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    Post  George1 Tue Sep 09, 2014 2:14 pm

    Russia and Vietnam signed an agreement for delivery of Sukhoi SuperJet 100 aircraft
    Russian Aviaton » Tuesday September 9, 2014 17:57 MSK

    Deputy Minister of Industry and Trade of Russia, Viktor Evtukhov, said that Russia and Vietnam signed an agreement for delivery of Sukhoi SuperJet 100 aircraft to two Vietnamese carriers, Gazeta.ru reports. The document was signed at the 17th meeting of Russia-Vietnam intergovernmental commission.

    «We have signed the agreement for delivery of Russian state-of-the-art Sukhoi SuperJet 100 aircraft to two Vietnamese carriers: Vietnam Airlines and VietJet Air», — Evtukhov said.

    He noted that negotiations on this matter have been put on hold for some time.

    «It looked like the negotiations got stuck, but now the Vietnamese party said that it is still interested in the aircraft. And we hope that they will be able to start operation of Russian safe and comfortable airliners soon», — Evtukhov added.

    The number of jets to be delivered and delivery dates have not been unveiled.

    It was reported earlier that Russia agreed with Laos on delivery of three Sukhoi SuperJet 100 liners; ten more aircraft of the type will be delivered to Indonesia.
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    type055


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    Post  type055 Fri Sep 26, 2014 12:19 pm

    higurashihougi wrote:The Vietnam-China problem is much more difficult to solve since Vietnam dislike China just like Pakistan dislike India.

    I don't know about China's point of view. But what Vietnam thinks about China are not merely about the disputed islands. It is about the tragedy and destruction in the past, disputed sovereignty in the present, and the threat in the future. Vietnamese never forget what China has done to them for the past 2000 years, and with current development there are many Vietnamese suspect that the same thing can happen in the future.

    Therefore things have to be done are not simply about the issues of disputed islands. It is about building mutual trust from ground zero.



    Yes dispute island problem is hard to solve , from China point of view , both government and pubic think it's Chinese territory, pubic think government is too weak, China is bullying by Vietnam. navy should take a military operation to get back our islands. I think the government is waiting first fire from Vietnam. Chinese pubic are too arrogant, I know .
    this problem is from ROC (Taiwan) in ROC times ROC think the whole south China sea is our territory ,until now both ROC and PRC have same point of view .

    nowadays Chinese people know a little about Vietnam, especially people live in northern part (like me my hometown is near north korea)
    Could u ask me a question

    1 how does your history book write Vietnam-China history in past 2000 years?

    2 how's the relationship between Vietnam and Thailand?

    3 how does Vietnam public see Vietnam communism party?

    GarryB
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    Post  GarryB Sat Sep 27, 2014 7:54 am

    My vote Type 055...

    Interesting and very relevant post... looking forward to answers...
    higurashihougi
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    Post  higurashihougi Sat Sep 27, 2014 10:35 am

    type055 wrote:both government and pubic think it's Chinese territory,  pubic think government is too weak, China is bullying by Vietnam

    Hanoi is different from Kyiv or Tbilisi. The goverment is very stable, the fifth columnists are damn weak and unorganized, and the public DO NOT WANT ANY WAR.

    China is huge and is a very strong global power, while Vietnam is a small country. It is clearly that Vietnam has no intention to "bully" China.

    type055 wrote:1  how does  your history  book write Vietnam-China  history in past 2000 years?

    2 how's the relationship between Vietnam and Thailand?

    3 how does  Vietnam public see Vietnam communism party?

    1) The main theme is anti-imperialism. For example, China's invasion against Vietnam or other countries are heavily criticized. But China's patriotic movements against Mongols, Manchu, Japan facists... are strongly praised.

    Something you can frequently see in a Marxist history book.

    2)Aside from the long-time rivalry between Vietnam's national soccer team and Thailand's national soccer team, there is no problem, no issue, no hostility.

    3)The people don't care about politics.
    George1
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    Post  George1 Tue Nov 25, 2014 12:57 pm

    Russian-Vietnamese relations on the rise — Putin

    SOCHI, November 25 /TASS/. Russian President Vladimir Putin said on Tuesday the development of relations with Vietnam was successful and trade turnover between the two countries was growing.

    “Relations between Russia and Vietnam develop successfully. We maintain relations at the high political level,” Putin said at a meeting with General Secretary of the Vietnamese Communist Party Nguyen Phu Trong.

    “Last year trade turnover increased by almost 9% Russia’s investments amounted to $9 billion. They continue to grow,” he said.

    The visit will give an additional impetus to the development of relations between the two countries, Putin said.

    Vietnam also considers development of relations with Russia successful. Before his arrival in Russia Nguyen Phu Trong told TASS that there were promising spheres of cooperation - trade, energy, security, education and science.

    Trade turnover increased to almost $4 billion in 2013 as compared with 1990’s when it was at the level of $300-400 million a year.

    In the fuel and energy sector Vietsovpetro was the first joint oil enterprise. At present, three new joint ventures were created. They operate successfully both in Vietnam and in Russia - Rusvietpetro, Vietgazprom and Gazpromviet.

    Earlier, the Kremlin press service said the key joint projects in the oil and gas sector, nuclear power engineering, industry, including on the draft agreement on a free trade zone between the Customs Union and Vietnam, were in the focus of the talks.

    “Vietnam always considers Russia one of its leading partners,” Nguyen Phu Trong said at the meeting with Putin.

    One of the purposes of the visit was to prepare measures that would make it possible to reach a qualitatively new level in relations between the two countries, he said.
    George1
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    Post  George1 Tue Dec 16, 2014 4:25 am

    Vietnam, Customs Union states ready to sign agreement on free trade zone — Vietnam PM
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    Post  type055 Wed Jan 07, 2015 9:59 am

    higurashihougi wrote:
    type055 wrote:both government and pubic think it's Chinese territory,  pubic think government is too weak, China is bullying by Vietnam

    Hanoi is different from Kyiv or Tbilisi. The goverment is very stable, the fifth columnists are damn weak and unorganized, and the public DO NOT WANT ANY WAR.

    China is huge and is a very strong global power, while Vietnam is a small country. It is clearly that Vietnam has no intention to "bully" China.

    type055 wrote:1  how does  your history  book write Vietnam-China  history in past 2000 years?

    2 how's the relationship between Vietnam and Thailand?

    3 how does  Vietnam public see Vietnam communism party?

    1) The main theme is anti-imperialism. For example, China's invasion against Vietnam or other countries are heavily criticized. But China's patriotic movements against Mongols, Manchu, Japan facists... are strongly praised.

    Something you can frequently see in a Marxist history book.

    2)Aside from the long-time rivalry between Vietnam's national soccer team and Thailand's national soccer team, there is no problem, no issue, no hostility.

    3)The people don't care about politics.
    Sorry too late to see this post .in Chinese history book ,there is no imperialism stuff between china and Vietnam . Nowadays Chinese know nothing about Vietnam culture ,only know the dispute islands it is not good . And we Chinese history book don't consider Mongols and " Manchu" are foreginers I live in so called Manchu and now it is liaoning provience. And my family are 满族 we consider we are Chinese just like Han chinese . China has 56 nationalities.not only Han chinese
    Nowadays there are a lot of discussions and debates on internet about which political system suit chinese . And what we can learn from advanced countries like USA Chinese public have very high expectation on china.
    About the dispute islands I think their strategy is to use coast guard not navy in first place . And push Vietnam very hard until they can not bear . When they start to flight back then navy will take a big military coorperatipn and get back all the islands . If Vietnam don't fight back . China will start land reclamation(it has already start) and drill the oil . Majority Chinese think vietnam are stealing our oil and bullying china . I don't know how can solve this problem . even Taiwan have same opinon with mainland china . On this issue they want to work together. It is called "ancestor property”
    how does Vietnam people see south Vietnam (before united)
    Vietnam language and thialand language and sounds same to me how to distinguish?
    George1
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    Post  George1 Sun Apr 05, 2015 2:53 pm

    Russia, Vietnam Should Increase Energy Cooperation – Russian Prime Minister

    Prime Minister Dmitry Medvedev said that Russia and Vietnam should search for new ways of cooperating in the energy sector.

    Vietnam Will Not Stop Russia From Using Cam Rahn Bay Base - Think Tank Head
    MOSCOW (Sputnik) – Russia and Vietnam should search for new ways of cooperating in the energy sector, Russian Prime Minister Dmitry Medvedev said.

    "Considering that we have been working together for a long time, it is essential to look for new, promising forms of cooperation," Medvedev said in an interview with Vietnamese media ahead of his two-day visit to the country, starting on April 6.

    Among potential areas of cooperation, the prime minister mentioned refining, rather than solely extraction, and incentives to boost joint work both on Vietnam's continental shelf and in Russia.

    "We should use various incentivizing mechanisms, including taxes," Medvedev said.

    The prime minister noted that the two countries had a good history of collaboration on offshore development, with Russia and Vietnam having produced hundreds of millions of tonnes of oil and billions of cubic meters of gas together.

    Such results, according to Medvedev, highlighted the success of the bilateral cooperation, which made it possible for Russia's Zarubezhneft and Vietnam's PetroVietnam to agree to continue their joint work until 2030.

    However, Medvedev said the already established ties should not prevent further progress, and that was why Russian energy companies, including such giants as Rosneft and Gazprom, had partners of their own in Vietnam.

    In December 2014, Vietnamese Prime Minister Nguyen Tan Dung said the Asian country was extremely appreciative of the Russian energy companies' work in Vietnam and promised assistance to those businesses willing to enter the Vietnamese market in the future.

    Vietnam's potential free trade agreement with the Eurasian Economic Union (EEU) will be the first of its kind, ensuring the Asian country's access to a huge market, Russian Prime Minister said.

    The EEU was established in May 2014 by Russia, Belarus and Kazakhstan, with Armenia joining in October and Kyrgyzstan signing its accession treaty in December of that year.
    Russian Prime Minister Dmitry Medvedev signed on Wednesday a decree to grant Ukraine a gas discount of no more than $100 per 1,000 cubic meters of fuel for the second quarter of 2015.

    "[The free trade agreement] will likely be the first such agreement to be signed between the Eurasian Economic Union and an individual country. This would give Vietnam access to a huge market, which includes not only Russia but also its partners," Medvedev said in an interview with Vietnamese media ahead of his visit to the country on April 6-7.

    The prime minister said the potential agreement could open new ways for cooperation, with Russia already being in final talks with Vietnam, having made progress on many issues.

    "The planned agreement would not only open the Vietnamese market to Russian commodities, but would also give our Vietnamese partners access to the Russian market," Medvedev said.

    He added that Russia was ready to create conditions for mutual investment, which would require extra work on the investment aspect of the free trade agreement so that Russian companies could succeed in the Vietnamese market.

    In February, an EEU press service representative said the agreement on the establishment of a free trade zone between Vietnam and the EEU could be signed in the first half of 2015.

    According to EEU Trade Minister Andrey Slepnev, the creation of a free trade zone between the union and Vietnam could boost the trade between the parties, which currently stands at $4 billion to $10 billion within a few years, once the agreement comes into force.

    There are no obstacles for Russia and Vietnam to make settlements in national currencies but there needs to be an economic reason for doing so, Dmitry Medvedev said.

    "Using national currencies is only suitable when the volume of mutual trade is high and you need to accumulate resources in rubles or dongs," Medvedev said in an interview with Vietnamese media ahead of his visit to the country on April 6-7.

    According to Medvedev, so far the volume of mutual settlements between the two countries accounts only for some 1.5 percent of total bilateral trade, while all other settlements are made in US dollars.

    The prime minister said using national currencies would be more profitable and advantageous in trade and investment since the dollar was a foreign currency for both Russia and Vietnam, leaving them open to fluctuations in the exchange rate.

    "I think there is a good opportunity to do this also in relations with Vietnam," Medvedev said.

    In September 2014, Russia and Vietnam discussed the issues pertaining to the growth of bilateral trade and agreed on the necessity of introducing a mechanism for calculating in national currency.

    Total trade between Russia and Vietnam in 2013 amounted to $3.9 billion, up 8.5 percent from the same period in 2012. According to Russian Deputy Prime Minister Igor Shuvalov, the two countries were aiming for their trade to reach $7 billion in 2015 and $10 billion by 2020.

    Read more: http://sputniknews.com/business/20150405/1020490836.html#ixzz3WRkMcDje
    George1
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    Post  George1 Mon Apr 06, 2015 3:19 pm

    Russia’s Gazprom Neft to Buy 49 Percent in Vietnamese Refinery

    Russian energy company Gazprom Neft will buy a 49 percent share of Dung Quat, Vietnamese refinery. Gazprom Neft will also finance the upgrading of Dung Quat proportionally to its share.

    The prices of West Texas Intermediate (WTI), the US oil benchmark, and Brent crude, the global oil benchmark, hit record lows not seen since April 2009 on Tuesday.

    MOSCOW(Sputnik) — Russian energy company Gazprom Neft will buy a 49 percent share of Dung Quat refinery as part of a deal signed with Vietnam Oil and Gas Corporation (Petrovietnam), the Russian company said in a statement Monday.

    “Under the main clauses of the deal Gazprom Neft receives the exclusive rights to negotiate with Petrovietnam over purchasing of a share of the refinery,” the statement said.

    The statement added that Gazprom Neft will finance the upgrading of Dung Quat proportionally to its share.

    Earlier in the day the parties signed a document enacting Gazprom Neft to purchase a 49 percent share in Vietnamese Binh Son Refining and Petrochemical Company, the refinery's owner.

    The deal is a part of several agreements that Russian Prime Minister Dmitry Medvedev and Vietnamese authorities signed Monday in the Vietnam capital of Hanoi to broaden energy cooperation between the two counties.

    Last year, Gazprom Neft and Binh Son Refining and Petrochemical Company signed a deal over the supply of Russian oil to Dung Quat refinery.

    Launched in 2010, Dung Quat produces about 30 percent of the oil products consumed in Vietnam.

    Read more: http://sputniknews.com/business/20150406/1020527613.html#ixzz3WXhbFMk5
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    Post  Viktor Tue Apr 07, 2015 3:29 pm

    Nice thumbsup

    Russia and Vietnam intend to conduct mutual settlements in national currencies
    magnumcromagnon
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    Post  magnumcromagnon Tue Apr 07, 2015 11:41 pm

    Our resident Vietnamese member will like this, Russia and Vietnam strike 17 deals worth $20 billion USD:

    magnumcromagnon
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    Post  magnumcromagnon Wed Apr 08, 2015 1:28 am

    Russia, China reach 107 strategic agreements in past two years — Chinese foreign minister
    higurashihougi
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    Post  higurashihougi Wed Apr 08, 2015 3:39 am

    magnumcromagnon wrote:Our resident Vietnamese member will like this, Russia and Vietnam strike 17 deals worth $20 billion USD

    Being a Vietnamese I really like it. russia russia
    Kimppis
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    Post  Kimppis Wed Apr 08, 2015 12:37 pm

    magnumcromagnon wrote:Our resident Vietnamese member will like this, Russia and Vietnam strike 17 deals worth $20 billion USD:

    magnumcromagnon wrote:Russia, China reach 107 strategic agreements in past two years — Chinese foreign minister

    Isolated Russia... Rolling Eyes
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    Post  flamming_python Wed Apr 08, 2015 3:14 pm

    Kimppis wrote:
    magnumcromagnon wrote:Our resident Vietnamese member will like this, Russia and Vietnam strike 17 deals worth $20 billion USD:

    magnumcromagnon wrote:Russia, China reach 107 strategic agreements in past two years — Chinese foreign minister

    Isolated Russia... Rolling Eyes

    No no no, you misunderstand. It's enough to count as 'international isolation', if you're isolated from the white European nations Rolling Eyes
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    Post  kvs Wed Apr 08, 2015 9:53 pm

    flamming_python wrote:
    Kimppis wrote:
    magnumcromagnon wrote:Our resident Vietnamese member will like this, Russia and Vietnam strike 17 deals worth $20 billion USD:

    magnumcromagnon wrote:Russia, China reach 107 strategic agreements in past two years — Chinese foreign minister

    Isolated Russia... Rolling Eyes

    No no no, you misunderstand. It's enough to count as 'international isolation', if you're isolated from the white European nations Rolling Eyes

    Yeah, the self-entitled 11% of the population of the planet. F*ck 'em.
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    Post  Werewolf Wed Apr 08, 2015 10:16 pm

    kvs wrote:
    flamming_python wrote:
    Kimppis wrote:
    magnumcromagnon wrote:Our resident Vietnamese member will like this, Russia and Vietnam strike 17 deals worth $20 billion USD:

    magnumcromagnon wrote:Russia, China reach 107 strategic agreements in past two years — Chinese foreign minister

    Isolated Russia... Rolling Eyes

    No no no, you misunderstand. It's enough to count as 'international isolation', if you're isolated from the white European nations Rolling Eyes

    Yeah, the self-entitled 11% of the population of the planet.   F*ck 'em.

    The 11% of the population that have no resources of their own and all technologies they've developed they have freely given to China, just so they can produce their technologies with cheap chinese labor. They just handed over technologies across all electronics to China and they already have developed civilian and military sector, they certainly can use those technologies fairly easily, not much with patents you can do against that.
    Hannibal Barca
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    Post  Hannibal Barca Wed Apr 08, 2015 10:17 pm

    flamming_python wrote:
    Kimppis wrote:
    magnumcromagnon wrote:Our resident Vietnamese member will like this, Russia and Vietnam strike 17 deals worth $20 billion USD:

    magnumcromagnon wrote:Russia, China reach 107 strategic agreements in past two years — Chinese foreign minister

    Isolated Russia... Rolling Eyes

    No no no, you misunderstand. It's enough to count as 'international isolation', if you're isolated from the white European nations Rolling Eyes


    As far as I know all European nations are white. Unfortunately not for long. Soon enough we will look like a crossbreeding of a Doberman with a Spaniel... but this is offtopic I guess.
    kvs
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    Post  kvs Thu Apr 09, 2015 1:58 am

    Werewolf wrote:

    The 11% of the population that have no resources of their own and all technologies they've developed they have freely given to China, just so they can produce their technologies with cheap chinese labor. They just handed over technologies across all electronics to China and they already have developed civilian and military sector, they certainly can use those technologies fairly easily, not much with patents you can do against that.

    They spent centuries colonizing the planet to get those resources. That applies to China and India. The British were clearly
    not just innovating their way out of their resource problems.
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    Post  higurashihougi Thu Apr 09, 2015 3:31 am

    http://sputniknews.com/business/20150406/1020527613.html

    Russian energy company Gazprom Neft will buy a 49 percent share of Dung Quat, Vietnamese refinery. Gazprom Neft will also finance the upgrading of Dung Quat proportionally to its share.

    russia russia

    love love love love love
    George1
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    Post  George1 Wed May 06, 2015 10:43 pm

    Russia, Vietnam About to Complete Draft Free Trade Agreement – Kremlin Aide

    Russian president’s aide said that draft free trade zone agreement between Russia and Vietnam is about to be completed and will soon be ready for signing.

    MOSCOW (Sputnik) – The draft free trade zone agreement between Russia and Vietnam is about to be completed and will soon be ready for signing, the Russian president’s aide said Wednesday.

    “The draft is about to be approved. We expect to agree on signing it in the near future,” Yuri Ushakov said.

    He added that Vietnam would become the first country to sign a free trade agreement with the Eurasian Economic Union (EEU), comprising Russia, Armenia, Belarus, and Kazakhstan.

    Russian Prime Minister Medvedev said in April that Moscow and Hanoi should consider using national currencies instead of US dollars in trade after agreeing in principle to establish a free trade zone.

    Also last month, Vietnamese Prime Minister Nguyen Tan Dung said that Hanoi planned to sign the agreement with the EEU by the end of June, adding that Vietnam looked to increase its goods turnover with Russia to $10 billion by 2020.

    In 2014, EEU Trade Minister Andrey Slepnev said that the creation of a free trade zone between the union and Vietnam could boost the trade between the parties from the current level of $4 billion to $10 billion within a few years.

    The EEU, which came into force on January 1, aims to achieve the free flow of goods, services, capital and labor across its member states.

    Read more: http://sputniknews.com/business/20150506/1021779552.html#ixzz3ZOvNqrkr
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    Post  AlfaT8 Fri Jun 12, 2015 9:56 pm

    House passes Obama's 'fast-track' authority to negotiate trade deal

    President Barack Obama has succeeded in obtaining controversial “fast-track” approval for his Trans-Pacific Partnership (TPP) trade deal in the House of Representatives.

    The Trade Promotion Authority (TPA), as the “fast-track” powers are officially called, passed by a vote of 219-211, giving President Obama an unlikely victory. In a preceding vote, the House struck down a proposal to extend the Trade Adjustment Assistance (TAA) program, providing assistance to workers who would lose jobs as a consequence of trade deals.
    ......

    http://rt.com/usa/266863-tpp-pass-house-obama/

    I'm gonna feel sorry for Vietnam, if they sing that agreement. No

    Ho Chi Minh, gonna be rolling in his grave.
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    Post  sepheronx Tue Aug 04, 2015 8:59 pm

    News:

    Export - Plant "Trolza" sent to Argentina first batch of trolleybuses

    "In the port of St. Petersburg on the ferry is submerged 3 trolleybus Trolza", intended for the Argentine city of córdoba", — told the press Secretary of the plant "Trolza" Alexander Durasov.

    From St. Petersburg trolley will arrive in Antwerp, where they will be reloaded on the transatlantic ferry to Argentina. The contract with the Argentine company Tamse in Cordoba will be a set of seven trolleybuses "Trolza" from the Saratov region — five models "Optima" and two models of "Metropolis". The contract value is not reported.

    Signed Agreement - Russia and Vietnam have signed an agreement for phase I of construction of NPP Ninh Thuan"

    Russia's United company JSC Atomstroyexport — JSC NIAEP (part of Rosatom) and the electricity Corporation of Vietnam signed in Hanoi, the General framework agreement for the implementation of the first phase of the construction project in Vietnam NPP Ninh Thuan-1", reported the press service of the Russian company.


    Production - Chelyabinsk plant "Ralliement" launched production of batteries for torpedoes instead of Ukrainian

    Chelyabinsk "Oralement" started producing ampoule silver-zinc batteries BAUD A-187 to the torpedoes, previously produced in Ukraine. This was announced on August 4, Corr. TASS Director of the enterprise Vladimir Cherepanov.
    As said the interlocutor of the Agency, previously battery for torpedoes, which are armed ships and submarines of the Russian Navy, has released the company "Lugansk accumulators".


    Production - Equipment STANECK implemented at the new facility "ETERNO"

    Completed the work on integration of special machine STANECK for the treatment of pipeline fittings in the production process of the new joint venture CHTPZ and RUSNANO — plant for the production of stamped parts pipeline ETERNO". Currently, in the framework of the project completed all installation and commissioning work carried out by treatment of an experimental batch of parts. The successful launch of the machine was the result of close cooperation of specialists of STANECK and production and maintenance personnel "ETERNO".
    higurashihougi
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    Post  higurashihougi Wed Aug 05, 2015 6:29 am

    sepheronx wrote:

    Signed Agreement - Russia and Vietnam have signed an agreement for phase I of construction of NPP Ninh Thuan"

    Russia's United company JSC Atomstroyexport — JSC NIAEP (part of Rosatom) and the electricity Corporation of Vietnam signed in Hanoi, the General framework agreement for the implementation of the first phase of the construction project in Vietnam NPP Ninh Thuan-1", reported the press service of the Russian company.

    Off topic but that makes me remember the Hòa Bình electric dam, a  major jointed project of Vietnam and Russia and a sign of peace and friendship between the two country.

    Many of us Vietnamese really miss the Russian friends. russia russia

    Ah, from Sputnik

    http://in.sputniknews.com/south_asia/20150803/1015286301.html
    George1
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    Post  George1 Mon Aug 31, 2015 11:37 pm

    Russia signs framework agreement for Vietnam's Ninh Thuan 1

    The engineering subsidiary of Russia's Rosatom has signed a general framework agreement with Electricity of Vietnam (EVN) for construction of unit 1 of the planned Ninh Thuan nuclear power plant. The country's electricity use is set to triple in 15 years.

    The document was signed on 30 July in Hanoi by NIAEP senior vice-president Vladimir Savushkin and EVN vice-president Nguyễn Cường Lâm in the presence of representatives of Rosatom and Vietnam's Ministry of Industry and Trade.

    Rosatom said in a statement today that the signing ceremony, which took place during the first meeting of the joint Russian-Vietnamese working group for the Ninh Thuan 1 project, is a key milestone in the construction of Vietnam's first nuclear power plant.

    "We and our Vietnamese partners are confident that the Russian nuclear power plant project under development will be the most efficient generation facility in the country and will meet all international safety requirements and quality standards," ASE-NIAEP-AEP general director Valery Limarenko said in the company statement.

    Vietnamese officials announced in November they had chosen Rosatom's AES-2006 design for the plant at Ninh Thuan at Phuoc Dinh, increasing the planned capacity of the four unit plant by about 800 MWe. A second plant should follow based on a partnership with Japan.

    Atomproekt based in Saint Petersburg will supply its version of the AES-2006 plant for at least the first two units. This design produces 1200 MWe for transmission over the grid and its replacement of the VVER-1000 units previously planned would add about 800 MWe to Ninh Thuan's future generating capacity across four units.

    The reactors are to be built over 2017-23 as a turnkey project. Russia's Ministry of Finance is prepared to finance at least 85% of this first plant, to supply the nuclear fuel and take back the used fuel for the life of the plant.

    Electricity tripling


    Vietnam's nuclear power program is planned to feature three plants: Ninh Thuan will have a Phase I and a Phase II, while another plant is expected in a central area. These represent up to around 4800 MWe in capacity, which could be expanded further to 7100 MWe by 2030.

    Today the US Energy Information Administration published a forecast for the Vietnamese power sector, saying, "Vietnam is poised to significantly transform its electrical power generation mix over the next two decades as it modernizes the country's agrarian economy to become a more industrialized nation." Figures showed the electricity sector expanding from around 42 GWe of generating capacity now to almost 140 GWe in 2030, at which time nuclear power could represent 8%.

    Russia - Vietnam Strategic Relationship - Page 2 Vietnam_generating_capacity_graph_(EIA)_460x230

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