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.
Vietnam is a country with which Russia shares a special relationship. In the 1950s and 60s, particularly during Vietnam’s struggle for independence, the two countries forged a deep bond. While much has changed over time, the friendship and cooperation between our nations have endured, said Russian President Vladimir Putin.
For 50 years, Vietnam and New Zealand have worked together to uphold peace and prosperity for their peoples and the region. The friendship, cooperation, and mutual understanding Vietnam and New Zealand nurtured have grown from a seed into a deeply rooted, strong, and thriving tree, she stressed.
Since the Strategic Partnership was established in 2020, Vietnam and New Zealand have witnessed steady growth in the relations. Beyond the remarkable 40% increase in bilateral trade over five years, political relations and multilateral interactions, particularly within the CPTPP framework, have remained highly positive.
Known as the “four pillars for Vietnam’s ascend”, the Pobiburo's Resolutions 57, 59, 66, and 68 focus on cultivating a robust national entrepreneurial spirit, unlocking resources for innovation across society, and accelerating the development of digital economy, knowledge-based economy, green economy, and circular economy, propelling Vietnam forward rapidly and firmly on the path of modernisation and international integration.
Minister of Finance Nguyen Van Thang cleared up deputies' concern regarding how to spur socio-economic growth, renew traditional growth motives and establish new momentum for development.
Vietnam proposed several priorities: narrowing the digital divide, strengthening women’s leadership in the digital economy and AI governance, and mobilising sustainable financing for gender equality initiatives in line with each country’s national priorities and context. Vietnam also advocated for genuine women’s participation and leadership across all areas of public life.
Ha expressed his hope that cooperation in science and technology, agriculture, and natural resources would emerge as new focal points and engines of growth in Vietnam–China relations.
Giang said he believes that building on the solid foundation nurtured over the past half-century and the strong determination of both nations, the Comprehensive Strategic Partnership will continue to grow in a more robust, comprehensive, and extensive manner, thus bringing more practical benefits to the two nations' people.
Highlighting the transformative potential of the draft law in revitalising Vietnam’s railway industry, Hoang Van Cuong, a deputy of Hanoi, expressed his support for Article 39, which empowers the Prime Minister to issue a list of railway-related goods and services to be assigned or ordered from domestic enterprises for production.
According to the Ministry of Public Security, Hoan, formerly Deputy Minister of Labour, Invalids and Social Affairs, is under investigation for allegedly taking bribes in connection with a case involving the Hoang Long Construction and Manpower Supply JSC and related units.
Chairing a national conference on the organisation of the examination on June 18, the PM highlighted the historical significance of the examination, as the restructuring of provincial-level administrative units is underway and the two-tier local administration model is set to officially begin operations on July 1.
Right on the same day, the ministry issued its highest-level travel warning, urging Vietnamese citizens not to travel to Israel or Iran, and advised those already in these countries to swiftly consider evacuation or relocation plans.
From the struggles against colonialists and imperialists to the period of Doi moi (renewal) and international integration, the Vietnamese revolutionary press has always played a pioneering role on the ideological and cultural front, he said.
The Party leader's working session with the standing boards of the Party Committees of HCM City, Ba Ria – Vung Tau and Binh Duong, the VNA General Director's remarks on the occasion of the 19th OANA General Assembly, the launch of new NIC - Google initiatives aimed at bolstering AI entrepreneurship and digital literacy in Vietnam are among news highlights June 18.
Vietnam and Indonesia reaffirmed their commitment to strengthening cooperation in combating terrorism as it remains a threat to peace, security, and stability across their respective nations, the broader region, and the international community.
The Vietnamese representative also emphasised the shared responsibility of relevant parties to build trust, enhance cooperation, and jointly manage the risks of conflict, thus safeguarding long-term peace and stability in the East Sea.
The National Assembly on June 18 passed the law amending and supplementing a number of articles of the Law on Product and Goods Quality, with 408 out of 420 participating deputies voting in favour, accounting for 85.36% of the total.
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) 
