Vietnam and the Republic of Korea signed four memos of co-operation in energy and minerals at a meeting in Hanoi on December 20.
The deals included principles on a joint venture of the 2.400 MW Nam Dinh Thermo-electric Power Plant with an investment of US$4.5 billion.
The other accords were a framework agreement of co-operation in exploiting the Bao Dai coal mine and improvement of the mining environment in Vietnam, expansion of co-operation 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 annual meeting, held by the sub-committee for Vietnam-RoK co-operation in energy and minerals, aims to boost co-operation in electricity, coal, petroleum and minerals.
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.