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Co-operation contracts with Venezuela agreed

Update: April, 23/2012 - 09:57

CARACAS — Several Vietnamese and Venezuelan agencies and businesses signed a number of cooperation agreements, contracts and memoranda of understanding at the second session of the Vietnamese-Venezuelan Inter-governmental Committee that concluded in Caracas, Venezuela, on Friday.

Under the agreements, Viet Nam 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 period of 2012-2015, which will focus on the theatre, cinema and publishing.

The two day meeting was co-chaired by Viet Nam'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 an effort to increase bilateral cooperation in other areas with potential.

The minutes included cooperation 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 their areas of strength, namely telecommunications, truck and motorcycle assembly, construction steel mills, small scale hydro power projects and biogas projects for rural areas in Venezuela. — VNS

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