CARACAS - VIETNAM'S president and Venezuelan leader Hugo Chavez signed a deal for a US$200 million (S$305.5 million) joint fund and 15 cooperation projects, during the first visit here by a head of state from the communist nation.
The fund is similar to deals Venezuela has with allies China and Iran and will finance joint projects, President Chavez said after meeting with President Nguyen Minh Triet at the end of a two-day visit at his Miraflores Palace late on Thursday.