Under the agreements, Vietnam will supply solar power generating stations, solar powered kettles, public lighting systems, technical assistance and equipment for exploration of the Junin 2 oil field by the joint venture PetroMacareo.
The newly signed contracts also include the expansion of a cultural exchange programme for the 2012 – 2015 period, which will focus on the theatre, cinema and publishing.
The two day meeting was co-chaired by Vietnam’s Deputy Prime Minister Hoang Trung Hai and the Venezuelan Vice President and Minister of Energy and Petroleum, Rafael Ramirez.
Hai and Ramirez signed the meeting’s minutes, agreeing to make more effort to increase bilateral co-operation in other areas with potential.
The minutes included co-operation in trade, oil and gas, electricity, agriculture, infrastructure, shipbuilding, information and communications technology, culture, and education and training.
Both parties agreed to promote joint research in areas they are strong in, namely telecommunications, truck and motorcycle assembly, the construction steel mills, small scale hydro power projects and biogas projects for rural areas in Venezuela.
On addressing the events’ closing ceremony, Vice President Ramirez said the second session has produced good outcomes results for Vietnam and Venezuela’s strategic relationship and solidarity.
He suggested that both countries up co-operation in economics, trade, industry and science-technology on a par with their special relationship.
Vietnam’s Deputy PM stressed on the need for closer co-operation between different regions around the world to overcome current challenges and promote solidarity.
Vietnam and Venezuela need to strengthen co-operation in power, manufacturing and construction industries, agro-forestry and fisheries, science-technology, culture and education, he added.