Chairman of Russia’s State Duma starts official visit to VN

Chairman of the State Duma of the Federal Assembly of the Russian Federation Vyacheslav Viktorovich Volodin

Viet Nam and Russia set up diplomatic ties on January 30, 1950 and since then, the two countries’ relations have been developing strongly with achievements recorded in all fields. 

On March 1, 2001, Viet Nam and Russia signed a joint statement on strategic partnership. Later on July 27, 2012, both sides issued a joint statement on further strengthening bilateral comprehensive strategic partnership. 

Viet Nam – Russia political ties with high trust have been incessantly strengthened. The exchange of high-level visits has created a strong foundation to develop comprehensive strategic partnership between the two nations. 

In terms of economics, the two nations maintained the operation of the Inter-Governmental Committee for Economic, Trade and Scientific-Technological Cooperation which was established in 1992. 

Two-way trade turnover grew US$ 2.2 billion in 2015 to US$ 2.7 billion in 2016 and US$3.55 billion in 2017. 

Viet Nam chiefly exports mobile phones, apparel, farm produce, and seafood to Russia while importing petroleum, iron and steel, fertilizer, machinery and equipment. 

Russia now ranks 23rd among countries and territories investing in Viet Nam with 116 projects worth a total of US$ 990 billion, mostly in oil and gas, manufacturing, mining, transportation, telecommunications, and aquaculture. 

Viet Nam currently invests in 22 projects worth nearly US$3 billion in Russia, predominantly in Rusvietpetro and Gazpromviet oil and gas ventures, Ha Noi – Moscow cultural-trade centre, TH True Milk’s milch farming and agriculture, among others./.  

By Khanh Phuong