The assessment was made by the Economist Intelligence Unit (EIU) of the UK’s Economist magazine on November 10 following the signing of a nuclear cooperation agreement between Vietnam and the US.
During the trip, Putin is expected to sign a number of nuclear cooperation agreements with Vietnam.
Russia’s oil and gas group Rosneft and Vietnam Oil and Gas Group (PetroVietnam) will ink an agreement on offshore oil and gas exploration projects in the waters of both nations under which Rosneft will provide crude oil for PetroVietnam.
It is worth noting that Russian energy corporation Rosatom has partnered with Vietnam to build the first nuclear power plant- Ninh Thuan 1 in the country.
President Putin’s visit will help secure Russia’ top position in wining nuclear power development contracts with Vietnam. In addition, Russia has actively become involved in the process of modernizing the Vietnamese army by providing Kilo class submarines, EIU said.