Vietnam and the Republic of Korea signed four memos of cooperation in energy
and minerals at a meeting in Hanoi Monday.

The deals included
principles on a joint venture of the Nam Dinh thermo-power plant with a
capacity of 2,400 MW at an investment of US$4.5 billion.

The other accords
were a framework agreement of cooperation in exploiting Bao Dai coal mine and
improvement of the mining environment in Vietnam, expansion of cooperation in
exploration and exploitation of oil and gas in Vietnam and a third country, and
feasibility studies on rare minerals in the central province of Nghe An.

The meeting, held by
the sub-committee for Vietnam-RoK cooperation in energy and minerals, takes
place on an annual basis, dealing with cooperation in electricity, coal,
petroleum and minerals.

Since 2003 such a
meeting has embarked on deliberating nuclear energy development in the Southeast
Asian nation.

RoK Deputy Minister
of Economy and Knowledge, Park Young June, who co-chaired this year’s event,
said the two countries should better utilise their advantages in areas beyond
energy and minerals for mutual interests, such as trade, technology and
construction.

Source: VNA