Deputy PM: Vietnam, Russia need to further boost economic ties
Vietnam and Russian should continue making greater efforts and creating favourable conditions for the comprehensive development of bilateral economic cooperation as the recent growth has not matched their potential and expectations, said Deputy Prime Minister Trinh Dinh Dung.
Deputy Prime Minister Trinh Dinh Dung (R) meets with Leonid Ivanovich Kalashnikov, member of the Presidium – Secretary of the Central Committee of the Communist Party of the Russian Federation on March 12 (Photo: VNA)
Hanoi (VNA) – Vietnam and Russian should continue making greater efforts andcreating favourable conditions for the comprehensive development of bilateraleconomic cooperation as the recent growth has not matched their potential andexpectations, said Deputy Prime Minister Trinh Dinh Dung.
DeputyPM Dung made the suggestion at a reception in Hanoi on March 12 for LeonidIvanovich Kalashnikov, member of the Presidium – Secretary of the CentralCommittee of the Communist Party of the Russian Federation, who is on a workingvisit to Vietnam.
TheDeputy PM affirmed that Vietnam has always been grateful to the former SovietUnion and the current Russian Federation for its assistance during the paststruggle for national independence and construction as well as the presentcause of industrialisation and modernisation.
Thetwo nations have established comprehensive strategic partnership and reapedgreat achievements in cooperative relations, thereby contributing remarkably tonational construction and development, he said.
DeputyPM Dung stressed that cooperation within the framework of the Vietnam-RussiaInter-governmental Committee has developed strongly in many fields, especiallyin the spheres of economy, trade, investment and energy.
Sincethe Vietnam-Eurasian Economic Union Free Trade Agreement took effect on October5, 2016, two-way trade between Vietnam and Russia has been growing rapidly,reaching 3.56 billion USD in 2017, up 29 percent over the previous year, henoted.
TheDeputy PM went on to say that Russia has to date registered to invest almost982.9 million USD in 117 projects in Vietnam, ranking 22nd among countries andterritories investing in the Southeast Asian country.
Meanwhile,Vietnam has poured investments in 18 projects in Russia with a combinedregistered capital of 2.4 billion USD, he added.
Kalashnikovpromised to spare no effort to develop relations between senior leaders of thetwo Parties and strengthen cooperative relations between the two nations,especially in the fields of economy, trade, investment, culture, education andpeople-to-people exchanges.
Atthe meeting, the two officials also discussed a range of measures to furtherenhance bilateral cooperation in the automobile, banking and tourism industries.-VNA
More Vietnamese businesses may soon be allowed to export aquatic products to Russia this year after a Russian working group made a fact-finding tour of some Vietnamese exporters, said Trade Counsellor of Vietnam in Russia Duong Hoang Minh.
The Ministry of Industry and Trade (MoIT) has requested the US to carefully consider alternative means to restrict the import of steel and aluminum products from Vietnam.
President Tran Dai Quang has praised the Vietnam-Russia Tropical Centre for its contributions to promoting scientific research and socio-economic development, and ensuring defence-security in each country, thus strengthening the traditional friendship and strategic cooperation between the two nations.
The visits reflected the elevated position of Vietnam’s foreign policy in the new era—aimed at not only advancing ties with key regional partners like Egypt and Angola but also delivering a strategic message about Vietnam’s commitment to deepening relations with African nations as a whole.
At their talks and meetings, President Cuong and Angola’s top leaders affirmed that the close brotherhood and traditional friendship are a valuable shared asset and a solid foundation for the two nations to advance into a new phase of development.
The ruling People’s Movement for the Liberation of Angola (MPLA) attaches great importance to the friendship, solidarity, and comradeship with the Communist Party of Vietnam, and voiced her Party’s wish to further deepen and expand relations between the two sides for the benefit of the Vietnamese and Angolan people.
Vietnam pledges to do its utmost to build an ASEAN of solidarity, consensus, and unity in diversity, and to foster a fast and sustainable development path for ASEAN, grounded in science, technology, and innovation, said Prime Minister Pham Minh Chinh.
Party General Secretary To Lam called on the criminal police force to accelerate the application of science, technology, artificial intelligence, and digital transformation in criminal investigation tasks such as crime prevention, detection, tracking and verification, ensuring that no area remains out of their reach.
Many Koreans living, studying, and working in Hanoi see the upcoming state visit to the Republic of Korea (RoK) by Party General Secretary To Lam as an opportunity to generate strong synergy in economic cooperation, people-to-people exchanges, and cultural understanding.
The achievements of the five decades of Vietnam–Angola cooperation provide a strong and enduring foundation, as well as momentum for the two sides to consolidate, expand, and bring their partnership into a new phase of development.
Prime Minister Pham Minh Chinh stressed that the emulation and commendation work is a vital driver, fostering patriotism, dedication, and collective momentum in the run-up to the 11th National Patriotic Emulation Congress, Party congresses at all levels, and the 14th National Party Congress.
Emphasising the need for sustainable, long-term collaboration, National Assembly Chairman Tran Thanh Man called on Japanese investors not only to bring in capital but also to share expertise and modern technology, especially in areas such as green transformation, the circular economy, and advanced corporate governance.
President Luong Cuong's activities during his state visit to Angola, the celebration of the financial sector's 80th traditional day, and the Foreign Ministry's flag-hoisting ceremony marking the 58th founding anniversary of ASEAN are among news highlights on August 8.
Vietnamese Ambassador to Thailand Pham Viet Hung praised the Thai Ministry of Foreign Affairs’ meaningful initiative, noting that the ASEAN Family Run was not only a sporting activity but also an opportunity for diplomats and their families to show unity, connection, and solidarity within the ASEAN family.
Politburo member, Prime Minister Pham Minh Chinh on August 8 attended the first congress of the Party Organisation of Tay Ho ward of Hanoi for the 2025–2030 term, during which he called for fresh momentum to turn the ward into a model that takes the lead in all fields.
The size of the economy increased from over 5 billion USD in 1986 to over 476 billion USD by 2024, making Vietnam the fourth-largest economy in Southeast Asia and the 34th largest in the world.
The ASEAN flag-hoisting ceremony is observed by the 10 ASEAN member countries on August 8 every year, aiming to spread and promote the ASEAN identity and affirm the determination to unite and cooperate for the common aspiration of long-term peace and prosperity of Southeast Asian countries under the common roof of the ASEAN Community.
Vice Chairman of the municipal People’s Committee Nguyen Manh Cuong highlighted ASEAN’s nearly six decades of development, during which the region transformed from division to harmony, from confrontation to cooperation, and from poverty to dynamic growth, becoming a global bright spot for regional cooperation.
Thirty years ago, on July 28, 1995, Vietnam’s accession to ASEAN marked a historic strategic decision, opening a new chapter in the country’s integration process and beginning its strong rise.
Ambassador Vu Le Thai Hoang has outlined specific priorities and proposals for cooperation with the UNODA in preparation for the upcoming 11th Review Conference of the Non-Proliferation of Nuclear Weapons (NPT).
The Vietnamese Party leader's visit is therefore expected to mark a new stage in the development of the Comprehensive Strategic Partnership between the two countries, with a focus on such areas as digital transformation, supply chains, semiconductors, clean energy, and maritime security, Choe assessed.
At their meeting, which took place in the Angolan capital of Luanda on August 7 as part of State President Luong Cuong’s ongoing state visit to the African nation, the two officials also agreed to make full use of existing cooperation mechanisms, particularly the Vietnam – Angola Intergovernmental Committee, and step up exchanges of delegations at all levels.
President Luong Cuong's talks with his Angolan counterrpart João Manuel Gonçalves Lourenço, Vietnamese leader's receptions for a delegation from the Japan – Vietnam Parliamentary Friendship Alliance, and the Government's regular meeting for July are among news highlights on August 7 evening.
Deputy Prime Minister Trinh Dinh Dung (R) meets with Leonid Ivanovich Kalashnikov, member of the Presidium – Secretary of the Central Committee of the Communist Party of the Russian Federation on March 12 (Photo: VNA) 
