Vietnam and Russia are set to sign agreements on oil, gas and nuclear energy cooperation during Prime Minister Pham Minh Chinh’s visit to Moscow this week, as Hanoi seeks to bolster energy security amid global supply disruptions.
Chinh departed on Sunday for a four-day official visit, during which the two countries will deepen ties in trade, investment and energy, Vietnam’s government said.
“During this visit, a series of important agreements related to nuclear power plant projects, as well as cooperation in energy and oil and gas will be signed,” a government statement said.
The talks come as Vietnam grapples with rising fuel costs following conflict in the Middle East that has disrupted global energy markets.
Prices of 95-octane petrol and diesel in the country have surged sharply since late February, increasing pressure on the export-reliant economy.
Vietnam has sought fuel support from several partners, including Qatar, Kuwait, Algeria and Japan, according to officials.
Chinh is expected to meet Russian Prime Minister Mikhail Mishustin on Monday to discuss bilateral trade and joint projects, particularly in the energy sector, the Russian government said.
The two countries have expanded cooperation in recent years, including agreements on nuclear energy and oil and gas projects.
During a visit by Mishustin to Hanoi in January 2025, Russia said it was ready to help Vietnam develop a national nuclear power industry, with Hanoi aiming to build its first nuclear power plant within five years.
