Russia-Vietnam submarine deal worth record $3.2 bln

Last year's contract on the delivery of six Kilo class diesel submarines to Vietnam, worth a total of $3.2 billion, is the largest deal in the history of Russian exports of naval equipment, a Russian magazine says.

The contract was signed in December 2009 during the visit of Vietnamese Prime Minister Nguyen Tan Dung to Russia.

"The construction cost is $2.1 billion, but the building of all necessary coastal infrastructure and the delivery of armaments and other equipment may bring the total to $3.2 bln, which makes this deal the largest in the history of Russian exports of naval equipment," the Export of Arms magazine says in an editorial published in its June issue.

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