Vietnam, Russia further strengthen comprehensive strategic partnership

Tuesday, 18/06/2024 09:54
The Vietnam-Russia comprehensive strategic partnership has high political trust and is constantly being strengthened. High-level delegation exchanges take place regularly, creating a strong driving force for the development of the comprehensive strategic partnership between the two countries.
Party General Secretary Nguyen Phu Trong had a phone call with Russian President Vladimir Putin on March 26, at the Party Central Committee headquarters. (Photo: VNA) 

Vietnam and Russia officially set up diplomatic relations on January 30, 1950.

On June 16, 1994, Vietnam and the Russian Federation signed the Treaty on the basic principles of friendly relations between the Socialist Republic of Vietnam and the Russian Federation, laying the foundation and legal basis for relations in the new development stage. On March 1, 2001, Vietnam and the Russian Federation signed a Joint Declaration on Strategic Partnership. On July 27, 2012, the two countries issued a Joint Statement on further strengthening the Comprehensive Strategic Partnership. On November 30, 2021, Vietnam and Russia issued a Joint Statement on the Vision of the Strategic Partnership until 2030.

Economic - trade - investment cooperation between the two countries continues to be strengthened. Bilateral trade turnover in 2023 reached USD3.63 billion, an increase of 2.3% over the same period in 2022. In terms of investment, Russia currently has 186 investment projects in Vietnam with a total registered capital of USD984.98 million, ranking 28 of 145 countries and territories investing in Vietnam, implemented in 21 localities, in the fields of oil and gas, mining, processing industry and manufacturing. Vietnam currently has 18 investment projects in Russia, with a total registered capital of USD1.63 billion, ranking 4th out of 80 countries and territories with investment capital from Vietnam, mainly from projects Rusvietpetro oil and gas joint venture, Hanoi - Moscow Cultural and Trade Center, and TH Group's dairy and agricultural project in Russia.

Energy is a traditional area of strategic and effective cooperation. In addition to continuing cooperation within the Vietsovpetro Joint Venture framework until 2030, major Russian oil and gas corporations such as Gazprom and Zarubezneft are implementing many projects on the Vietnamese continental shelf. In addition, the two countries' oil and gas enterprises are considering and expanding cooperation into new fields such as electricity and gas, and renewable energy.

The two sides share the same views on many international and regional issues, closely coordinate and support each other in international forums such as the United Nations, APEC, ASEM, ARF and CICA. Vietnam and Russia support full and effective implementation of the 2002 Declaration on the Conduct of Parties in the East Sea and welcome efforts to soon adopt the Code of Conduct in the East Sea.

Defense and security cooperation is enhanced in the spirit of "trust, substance, effectiveness and comprehensiveness". Russia is Vietnam's leading partner in the field of military technology. Cultural exchange activities are organized regularly, contributing to strengthening understanding and friendship between the people of Vietnam and Russia. Education - training and science - technology cooperation continues to receive attention.

Russia continues to support Vietnam in human resource training and awards 1,000 scholarships to Vietnamese students each year. There are currently more than 5,000 Vietnamese students in Russia. Local cooperation continues to be maintained. Currently, there are about 20 pairs of relationships between localities of the two countries established, especially between Hanoi and Ho Chi Minh City with Moscow and Saint Petersburg.

The Vietnamese community in Russia has about 60,000-80,000 people, with many contributions to the country and towards the Fatherland. In Russia, Vietnamese organizations have been established such as the Vietnamese Association in Russia, the Business Association, and the Veterans Association.

Since 1991, Vietnam and Russia have signed over 100 cooperation documents in all fields such as economics - trade, investment, oil and gas, nuclear power, education - training, culture. – science and military technology.

To further strengthen comprehensive strategic partnership, Russian President Vladimir Putin will pay a state visit to Vietnam from June 19 to 20, the Ministry of Foreign Affairs has announced./.

Compiled by BTA