Ho Chi Minh Times

Tuesday, Jul 15, 2025

Vietnam and Russia Enhance Comprehensive Cooperation

Vietnamese Prime Minister Pham Minh Chinh and Russian President Vladimir Putin met at the BRICS Summit in Kazan City, where they agreed to strengthen cooperation in trade, investment, and energy. Vietnam-Russia trade increased by forty point four percent in 2024, highlighting Vietnam's role as Russia's largest trading partner in Southeast Asia. The leaders emphasized untapped potential in their partnership, particularly in areas like renewable energy and infrastructure.
The Vietnamese Prime Minister Pham Minh Chinh and Russian President Vladimir Putin have agreed to boost ties across various fields, including trade, investment, and energy.

This agreement was reached during their meeting on the sidelines of the expanded BRICS Summit held in Kazan City, Russia.

President Putin expressed gratitude for Vietnam's guidance in implementing bilateral agreements and overcoming obstacles in cooperation.

PM Chinh underscored Vietnam's commitment to the strategic partnership with Russia, established in 2012.

In the first nine months of 2024, Vietnam-Russia trade reached three point five two billion US dollars, a forty point four percent increase.

Russia is Vietnam's largest trading partner in Southeast Asia, and Vietnam is one of Russia's top five partners in Europe.

However, both leaders noted untapped potential in their partnership, particularly in renewable energy and infrastructure.

They also agreed to strengthen cooperation in energy, oil, and gas, alongside other sectors like science, technology, and education.

President Putin thanked Vietnam for hosting him warmly during his recent state visit and expressed his intentions for future cooperation celebrations to mark the seventy-fifth anniversary of diplomatic relations in 2025.
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