Russia-Vietnam relations develop fruitfully in 2017

The year 2017 marks an important milestone in the development of cooperation between Russia and Vietnam in politics, economy, technology, military and humanitarian affairs, said Aleksey Popov, Russian Consul General in Ho Chi Minh City.

Aleksey Popov, Russian Consul General in Ho Chi Minh City
Aleksey Popov, Russian Consul General in Ho Chi Minh City

Speaking at a press conference to announce outcomes of cooperation between the two countries in HCM City on December 22, Popov said Russia always regards Vietnam as a trust-worthy partner and a long-standing friend, and is determined to expand the comprehensive strategic partnership with Vietnam.

The diplomat noted that the bilateral political ties have also developed dynamically in 2017, as reflected through all-level meetings between the two countries. 

Economic and trade cooperation has also made remarkable strides with two-way trade reaching nearly US$4 billion in the first ten months of this year, up 36 percent year-on-year. The flow of Russian investments into Vietnam totaled US$2 billion while Vietnam’s investments in Russia hit US$2.9 billion. 

Progresses have been made in security and national defence cooperation through the regular exchange of delegations and effective operation of the Inter-Governmental Committee for Technological and Defence Cooperation. 

Popov also reviewed partnerships between Vietnamese and Russian provinces and cities as well as bilateral collaboration in culture and education. 

According to the Consul General, 2018 is expected to witness various activities aiming to step up the Russia-Vietnam relationship, with a range of dialogues and high-level delegation exchanges. 

Vyacheslav Kharinov, Chief Representative of the Russian Trade Office in Vietnam, said the free trade agreement between the Eurasian Economic Union and Vietnam, which took effect a year ago, has helped Vietnam and Russia complete the building of a structure promoting their economic and trade ties. 

The year 2017 also saw changes in the structure of trade between the two nations, he said, explaining that apart from traditional products like high-tech equipment, Russia has also increased its export of maize, food and pharmaceutical products to Vietnam. Cooperation in logistics, tourism, information-technology, telecommunications, technical services and banking also developed strongly, he said.

Kharinov described the energy and fuel cooperation as a spotlight in bilateral economic ties. Between January-November, Vietsovpetro, an oil and gas joint venture between Vietnam and Russia, exploited more than 4 million tonnes of oil and liquefied gas. 

Meanwhile, Rusvietpetro, another joint venture, also exploited over 2 million tonnes of oil in the Nenensk autonomous region of Russia in the first nine months of this year, he said.

VNA

Other News

Vietnam and Panama can become gateways linking two regions

Vietnam and Panama can become gateways linking two regions

"Panama can serve as a strategic platform for Vietnamese companies seeking greater access to Latin America and the Caribbean, while Vietnam represents an important gateway for strengthening Panama’s engagement with Southeast Asia", Ambassador Nubiela Ayala Modes confirmed.

Localities committed to achieving 2026 growth targets

Localities committed to achieving 2026 growth targets

Localities nationwide hailed effective and flexible directions delivered by the Government so far this year, resulting in positive nine-month socio-economic growth, and reaffirmed their commitment to achieving targets set for the whole 2026 at an online Government-locality conference on October 3.

Creating new drivers for Vietnam-Canada cooperation

Creating new drivers for Vietnam-Canada cooperation

The elevation of bilateral ties to a Strategic Partnership shows that Vietnam and Canada increasingly view each other not simply as trading partners, but as long-term partners in addressing economic, technological and regional challenges.

Top leader asks for sports development to build national strength

Top leader asks for sports development to build national strength

The top leader applauded the efforts of ministries, sectors, localities, social organisations, coaches, athletes, experts in developing physical education and sports in recent times, stressing that Resolution No. 08 has provided an important political foundation for sports development over the past 15 years, while Conclusion No. 70 set important orientations for the new period.

Vietnam mobilises resources to affirm its leadership role in APEC 2027

Vietnam mobilises resources to affirm its leadership role in APEC 2027

PSNews - Vietnam is recognised by its partners as an influential member of the Asia-Pacific Economic Cooperation (APEC) forum, with expectations that it will continue to demonstrate leadership when it hosts APEC for the third time in 2027, according to Standing Deputy Minister of Foreign Affairs Nguyen Minh Vu.

Top Vietnamese leader receives Chairman of Japan Bank for International Cooperation

Top Vietnamese leader receives Chairman of Japan Bank for International Cooperation

General Secretary and President Lam urged JBIC to continue promoting the substantive implementation of projects under the Asia Zero Emission Community (AZEC), and step up discussions on potential cooperation within the framework of the POWERR Asia (Partnership on Wide Energy and Resources Resilience Asia) initiative, including the development of strategic energy reserves.

NA, Government's Party committees meet on legislature's second session agenda

NA, Government's Party committees meet on legislature's second session agenda

National Assembly President Tran Thanh Man coordination must go beyond finishing the agenda to improve the quality of NA decisions and Government enforcement; deal with policies rather than just paperwork, especially in the fight against corruption and other negative phenomena; and pin down final responsibility for each product, not just progress.

Prime Minister receives Cambodian Minister of Inspection

Prime Minister receives Cambodian Minister of Inspection

Prime Minister Le Minh Hung asked the two countries' inspection agencies to build on their achievements by regularly exchanging information and experience, maintaining delegation exchanges, and coordinating inspections in areas related to bilateral economic, trade and investment cooperation.

Urgent action needed to address law enforcement as weak link: Top leader

Urgent action needed to address law enforcement as weak link: Top leader

General Secretary of the Communist Party of Vietnam Central Committee and President To Lam on September 28 called for urgent and fundamental improvements in law enforcement, stressing that legislation and its enforcement must form a unified whole and ultimately serve development, protect legitimate rights and interests, and strengthen public trust.

Vietnamese, Cambodian inspectors reinforce collaboration

Vietnamese, Cambodian inspectors reinforce collaboration

The Government Inspectorate of Vietnam broadly accepted the Cambodian ministry's proposals to maintain, renew and make more effective regular meetings between professional units and training establishments, and increase exchanges of senior, expert and specialised working-group delegations.