Vietnam’s Prime Minister Pham Minh Chinh departed on Sunday for an official visit to Russia, where both nations are expected to sign multiple agreements, including key deals on oil, gas, and nuclear energy cooperation. The visit will run through Wednesday, according to Hanoi.
The trip comes as Vietnam seeks to strengthen its energy security amid global supply disruptions triggered by ongoing conflict in the Middle East. Consequently, Hanoi aims to secure stable fuel sources and deepen strategic ties with major energy producers.
According to official statements, discussions will focus on expanding cooperation in trade, investment, and energy sectors. In particular, both sides plan to finalize agreements related to nuclear power projects as well as oil and gas exploration and production. Authorities also emphasized enhancing collaboration in training and resource development within the energy sector.
Meanwhile, rising fuel costs have increased urgency for Vietnam. Since the outbreak of the US-Israeli war against Iran in late February, prices of 95-octane petrol and diesel in the country have surged significantly, affecting its manufacturing-driven economy. As a result, Chinh has recently held talks with several countries, including Qatar, Kuwait, Algeria, and Japan, to seek fuel support.
During the visit, Chinh is scheduled to meet Russian Prime Minister Mikhail Mishustin on Monday. Both leaders are expected to discuss bilateral trade and the implementation of joint energy projects, according to Moscow.
Notably, Russia had earlier expressed readiness to assist Vietnam in developing its nuclear power industry. During Mishustin’s visit to Hanoi in January 2025, both sides agreed to collaborate on nuclear energy and joint oil and gas ventures. Vietnam has since announced plans to build a nuclear power plant within five years, highlighting the growing importance of energy cooperation in bilateral relations.
