Vietnam has fastest growing digital economy in region: Russian newspaper

Thursday, 25/05/2023 15:18
According to Komsomol Truth Newspaper, Vietnam is currently a strong emerging country with 100 million people, and one of the fastest growing digital economies in the region, with a growth rate of 38% per year.
Prime Minister Pham Minh Chinh receives Chairman of the United Russia Party and Deputy Chairman of the Security Council of Russia Dmitry Medvedev. (Photo: VNA)

On May 24, on the occasion of the visit to Vietnam by Chairman of the United Russia Party (URP) and Deputy Chairman of the Security Council of Russia Dmitry Medvedev, Komsomol Truth, a large and prestigious newspaper in Russia, published an article assessing the potential and prospects in Russia-Vietnam relations in the current situation.

The article stated that Vietnam is now a strong emerging country with 100 million people, one of the fastest growing digital economies in the region, with high growth rate and potential to become the second largest growing digital economy in Southeast Asia by 2025.

Assessing bilateral relations, the article emphasized that the Russia-Vietnam relationship has a rich and long history that has been verified over time.

In 1950, the Soviet Union was one of the first countries to establish diplomatic relations with Vietnam, helping Vietnam in the resistance wars for national liberation and national development.

After a quiet period due to changes in Russia, bilateral cooperation between Vietnam and Russia has returned to the State level after the visit to Vietnam by Russian President Vladimir Putin in 2011.

In 2012, the two countries upgraded their relations to the level of a comprehensive strategic partnership. Currently, Vietnam only maintains such high level of relations with four countries (China, Russia, India and the Republic of Korea).

The article emphasized that in international relations, Vietnam implements a balancing policy among major powers on the basis of respecting national interests and has been quite successful in becoming a new geopolitical development point in the region, including the fact that the largest factories in the world are gradually starting production activities in the territory of Vietnam.

In its conclusion, the article stated that it is strategically important for Russia to maintain Vietnam as a gateway to Asia, to strengthen trade cooperation and other key areas between the two countries./.

Compiled by BTA

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