Translation. Region: Russian Federation –
Source: Government of the Russian Federation – Government of the Russian Federation –
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Co-chair of the Intergovernmental Russian-Vietnamese Commission on Trade, Economic, Scientific and Technical Cooperation, Deputy Prime Minister Dmitry Chernyshenko and Prime Minister of the Socialist Republic of Vietnam Pham Minh Tinh welcomed the participants of the Russian-Vietnamese Business Forum, dedicated to the prospects for developing cooperation between our countries.
The event was held as part of Pham Minh Tinh's visit to Russia. Also in attendance were Russian Deputy Minister of Economic Development Dmitry Vakhrukov and representatives of Russian and Vietnamese businesses.
Dmitry Chernyshenko emphasized that last year our countries celebrated the 75th anniversary of the establishment of diplomatic relations, and quoted Russian President Vladimir Putin: "Over these years, special relations of alliance and fraternal mutual assistance have developed between Vietnam and our country, Russia."
"Over the past year, we have achieved significant success both in the domestic development of our countries and in bilateral Russian-Vietnamese trade and economic cooperation. Russia's economy continues to grow steadily. In 2025, the highest growth rates were demonstrated by the tourism, financial, and manufacturing sectors. Business and government demand for the development of foreign economic relations is increasing. By the end of 2025, bilateral trade between Russia and Vietnam grew by 6%. Both Russian exports to Vietnam and Vietnamese imports to Russia have increased," the Russian Deputy Prime Minister reported.
Dmitry Chernyshenko added that Vietnam is our traditional partner in Southeast Asia, a rapidly developing country with significant economic potential. In 2025, Vietnam's GDP growth rate exceeded 8%, and foreign trade turnover approached $1 trillion.
In terms of promising areas of cooperation, Russia is ready to act as a reliable supplier of energy resources, coal, oil, gas, meat and wheat, fertilizers, confectionery, pharmaceuticals, and polymer products. The Deputy Prime Minister invited relevant companies to more actively enter the Vietnamese market. An effective infrastructure for developing trade and project cooperation has already been established and established for Russian and Vietnamese businesses. The Deputy Prime Minister also emphasized the importance of the Joint Vietnam-Russia Bank for supporting business and tourism.
Over the past few years, logistical connectivity between Russia and Vietnam has improved. In 2025, the geography and frequency of direct flights between our countries increased. According to Dmitry Chernyshenko, this demonstrates the strong interest in mutual tourism and business travel.
"Tourist traffic from Russia to Vietnam has almost tripled by the end of 2025, reaching 690,000 people. Russia is among the top five foreign countries in terms of tourist arrivals to Vietnam and is ready to compete for leadership in this area. Tourist traffic from Vietnam to Russia has increased by almost 36%. We are actively working to simplify visa requirements," the Deputy Prime Minister noted.
Russia is ready to support Vietnam's sustainable development, aimed at achieving net-zero emissions by 2050. On March 23, in the presence of Russian Prime Minister Mikhail Mishustin and Vietnamese Prime Minister Pham Minh Tinh, an intergovernmental agreement was signed to construct the country's first nuclear power plant using advanced Russian technology.
Dmitry Chernyshenko added that Russia is also ready to intensify cooperation with Vietnam in the areas of digital technology and education.
"Russia is ready to share its expertise and experience in cutting-edge solutions such as smart and safe cities, cloud technologies, cybersecurity, artificial intelligence, and the digitalization of government services. Russia is ready to help Vietnam train qualified personnel for work in the knowledge-intensive sector through joint projects. This work is being carried out within the framework of the Consortium of Technical Universities of Russia and Vietnam," the Deputy Prime Minister emphasized.
In conclusion, Dmitry Chernyshenko invited his Vietnamese colleagues to participate in the 29th St. Petersburg International Economic Forum, which will take place from June 3 to 6, and the Eastern Economic Forum, which will be held from September 1 to 4.
Minh Tinh reported that during his visit he met with Russian Prime Minister Mikhail Mishustin, Federation Council Chairwoman Valentina Matviyenko, and State Duma Chairman Vyacheslav Volodin.
"I see great potential for developing bilateral relations. I am confident that at today's business forum, we will be able to connect our business circles. Developing political relations is a driving force for opening up bilateral relations in other areas. We consider Russia to be the most important partner in Europe, so these relations must connect our economies. We hope that you, our friends, can find ways and opportunities to strengthen our relations," said Pham Minh Tinh.
He also spoke about the prospects for cooperation between the countries in the fields of education, science and innovation, digital technology, finance, transport logistics, and more.
A ceremony to exchange bilateral documents between Russian and Vietnamese companies took place in the presence of Dmitry Chernyshenko and Pham Minh Tinh. These included a Memorandum of Understanding between Vietnam Railways and Ava Trading LLC, a Letter of Intent between FESCO Transportation Group and the Vietnam Maritime Corporation, a Letter of Intent between Delo Group and the Vietnam Maritime Corporation, and a Protocol between the National Industrial and Energy Corporation of Vietnam and Zarubezhneft JSC on the registration of the renewal and transfer of subsoil use licenses between ZN-Sever LLC and Rusvietpetro LLC.
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