Russia, Vietnam studying 17 potential joint projects worth $20 bln - Ushakov

The special high-level Russian-Vietnamese working group is currently examining 17 major investment programs, Russian presidential aide Yury Ushakov said.

The special high-level Russian-Vietnamese working group is currently examining 17 major investment programs, Russian presidential aide Yury Ushakov said.

“At present there are 17 major investment programs totaling over $20 billion under examination, in power generation, industry, in the extractive sector, aviation, the hotel business," Ushakov said at a briefing ahead of a meeting of the Russian and Vietnamese presidents on May 9.

Ushakov recalled plans to expand the practice of mutual use of national currencies in trade operations. Petrochemicals is one promising area for cooperation: participation by Russian companies in modernization and expansion of the Dung Quat oil refinery is on the agenda, he said.

 

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