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Next week, Macron will visit Vietnam to discuss satellites and nuclear power

Officials said that Emmanuel Macron, the French President, is expected to discuss infrastructure and energy with Vietnam's top leaders during a visit to the ex-colony next week. During this state visit dozens of agreements may be signed.

A larger tour through Southeast Asia includes the first visit to Vietnam in almost a decade by a French President. Macron will arrive in Hanoi, Indonesia, on 25 May, and then finish his tour in Singapore on 30 May, when he speaks at the Shangri-La Dialogue - Asia's premier defence conference.

The Elysee Office of Macron said that dozens were being prepared for signing during the visit. An official familiar with the discussions said that 30 pacts are being discussed ahead of Monday's signing ceremony.

The Ministry of Foreign Affairs in Vietnam did not respond to a comment request.

Vietnam, a country that relies heavily on exports, is attempting to readjust its model of growth to be more focused on government spending. Massive investments are planned in transportation, communications, and energy.

Macron has visited the region recently, following in the footsteps of leaders from China, Japan, and other European nations. This is a sign that Southeast Asia holds strategic importance, especially in light of global uncertainty regarding supply chains and trade.

SATELLITES AND ENERGY

A contract is being negotiated for the replacement Earth-observation satellite built by Airbus Defence, which was launched in 2013.

Un official stated that a non-binding Memorandum of Understanding on this could be signed during Macron’s visit. Another official confirmed that satellite talks were in progress.

Airbus has not responded to a comment request, but in the past they have said that they were working on replacing the satellite of Vietnam. The Elysee has not commented on this particular agreement.

The two officials stated that France was also interested in discussing energy cooperation. They expect to see progress on renewables projects within the EU-backed Just Energy Transition Partnership.

One source said that nuclear energy would also be discussed, but no agreements were expected. Vietnam is relaunching its nuclear energy programme to help meet the growing demand for energy from its expanding economy.

Officials have stated that Russia and Japan seem to be leading the nuclear talks currently. France, South Korea, and the United States also discussed possible collaboration with Hanoi. The Vietnamese government reported that talks with the U.S. and trade negotiations progressed this week.

France is interested in plans to build a high-speed connection between Hanoi and Ho Chi Minh City. The project, estimated at $67 billion, would be the largest infrastructure project for Vietnam. Reporting by Francesco Guarascio and Elizabeth Pineau, Hanoi & Paris; Additional reporting from Phuong Nguyen, Hanoi; Editing done by Alex Richardson

(source: Reuters)