MOSCOW- Russia and Vietnam have agreed to expand production of Russia's Sputnik V COVID-19 vaccine in Vietnam, Russian sovereign wealth fund RDIF, which markets the vaccine internationally, said on Wednesday.

The deal between Russia and Vietnam's state-owned VABIOTECH and Vietnamese investment company Sovico Group, was signed during Vietnamese President Nguyen Xuan Phuc's visit to Russia this week. It paves the way for expansion of Sputnik V production in Vietnam.

The agreement will also allow VABIOTECH, which had already been producing Sputnik V, to begin manufacturing the one-shot Sputnik Light vaccine in Vietnam, RDIF said.

(Reporting by Vladimir Soldatkin; Writing by Gabrielle Tétrault-Farber; Editing by Jane Merriman) ((;))