Planned Russia-Vietnam deals mean 'tens of thousands of jobs'

MOSCOW. Oct 29 (Interfax) - Russian-Vietnamese agreements to be signed during a planned visit by Russian President Dmitry Medvedev to Vietnam would mean creation of "tens of thousands of jobs," a senior Kremlin aide said.

"I can say with confidence that the very extensive preparatory work program, which has involved very serious moves to enlarge the legal basis and create additional conditions both for Russian and for Vietnamese business will doubtlessly mean the creation of tens of thousands of jobs," Sergei Prikhodko said.

As regards the Russian economy, the energy industry is not the only sector to receive an impulse from the planned deals, he said.

One of the documents to be signed is an accord to build a nuclear power plant in Vietnam.

Another is an agreement to prevent accidents at civil nuclear facilities.

Under one more planned agreement, Russian bank VTB and Vietnam's Bank for Investment and Development would set up a joint investment fund, Prikhodko said. Another source close to Russian-Vietnamese contacts told Interfax the fund was planned to have a maximum capital of $500 million.

There will also be a deal under which RusHydro, Russia's biggest hydro-generating company, and Vietnamese oil and gas group PetroVietnam would build a new hydro electric plant.

The two nations will also sign agreements on mutual assistance in customs affairs, on the defense of rights to intellectual property resulting from Russian-Vietnamese military research and development, on cooperation between the two countries' justice ministries, and on mass communications and information technology.