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Vietnam became one of the fastest-growing economies in the world, averaging around 8 per cent annual gross domestic product (GDP) growth from 1990 to 1997.
Both the president and prime minister of Russia have sent their condolences to the people of Venezuela.
AirAsia will be the first foreign carrier in India's domestic aviation sector.
Jim O'Neill says Britain should strengthen ties with BRICS countries.
The head of the NDRC says China still needs to spend more infrastructure.
South Africa says a BRICS-led bank could mobilise domestic savings and co-fund infrastructure in developing regions.
Chavez, 58, ruled the oil-rich country for 14 years, weathering down a coup and opposition from the US and its allies.
The contest is offering cash prizes totalling more than $100,000.
The two countries have set a trade target of $15 billion by 2014.
