Russia To Finance Vietnam's First Nuclear Power Plant

November 07, 2012

Russian Prime Minister Dmitry Medvedev has announced that Russia is to lend Vietnam some $10 billion to build that country's first nuclear power plant.

Medvedev made the announcement on a visit to Hanoi where he is holding talks on boosting trade ties.

Medvedev also said the two countries have decided to start negotiations on a free trade agreement.

He said bilateral trade could reach $7 billion by 2015, up from less some $2 billion in 2011.

Medvedev also called for increased cooperation in oil and gas exploration, including more joint investment among the countries' energy companies.

Medvedev arrived in Hanoi from neighboring Laos where he attended a regional Asia-Europe meeting.

Based on reporting by dpa, AFP, and ITAR-TASS

Source: http://www.rferl.org/content/russia-finance-first-vietnam-nuclear-power-plant/24763829.html

Copyright (c) 2012. RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty, 1201 Connecticut Ave., N.W. Washington DC 20036.