Published by Global Banking & Finance Review®
Posted on January 14, 2025
2 min readLast updated: January 27, 2026
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Vietnam and Russia have signed a nuclear cooperation deal, aiming to boost Vietnam's energy sector. The agreement includes collaboration between Rosatom and EVN.
HANOI (Reuters) - Vietnam and Russia signed on Tuesday an agreement on nuclear energy and several cooperation deals during a visit to Hanoi by Russian Prime Minister Mikhail Mishustin, underlining close ties between the two countries.
Russia's nuclear energy company Rosatom and Vietnam's state-owned power utility EVN agreed to boost cooperation in the nuclear sector, according to a joint document.
Vietnam plans to restart its nuclear energy programme having suspended it for years, as it needs to boost power generation to feed its growing industrial sector, a key driver of its economy.
Russia also agreed to transfer a maritime research vessel, under a deal signed by Vietnam's defence ministry and Russia's science ministry.
"The two sides will review, discuss and find solutions to the limitations in bilateral cooperation," Vietnam's government said on its website, referring to the agreements signed on Tuesday.
Western sanctions imposed on Russia for its military operation in Ukraine have hampered financial transactions between the two partners.
Russia is Vietnam's largest supplier of weapons, but Hanoi has in recent years said it wants to diversify its sources of military hardware.
(Reporting by Thinh Nguyen, Francesco Guarascio, Phuong Nguyen and Khanh Vu; Editing by Martin Petty)
The main topic is the nuclear cooperation agreement between Vietnam and Russia, focusing on energy sector collaboration.
The agreement includes cooperation between Rosatom and EVN, and the transfer of a maritime research vessel.
Vietnam is restarting its nuclear program to boost power generation for its growing industrial sector.
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