Caixin
Jun 21, 2024 08:07 PM
WORLD

Russia and Vietnam Pledge to Strengthen Ties During Putin Visit

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Russia's President Vladimir Putin (L) and Vietnam's President To Lam (R) shake hands at the Presidential Palace in Hanoi on Thursday. Photo: VCG
Russia's President Vladimir Putin (L) and Vietnam's President To Lam (R) shake hands at the Presidential Palace in Hanoi on Thursday. Photo: VCG

Moscow and Hanoi pledged to further strengthen relations this week after Russian President Vladimir Putin traveled to Vietnam this week on his first state visit to the country since 2017.

After concluding a rare trip to North Korea, Putin arrived in the Southeast Asian nation on Wednesday for a two-day visit, meeting with key figures including President To Lam, Prime Minister Pham Minh Chinh, and General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong.

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  • Moscow and Hanoi pledged to enhance relations in various sectors following Putin's two-day visit to Vietnam, his first since 2017.
  • Both nations reaffirmed their defense and security cooperation, economic collaboration, and alignment on international policies promoting peace and non-confrontation.
  • Despite relatively low bilateral trade volumes, Putin highlighted increased use of local currencies in trade and Russia’s commitment to long-term hydrocarbon supply to Vietnam.
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What Happened When
2017:
Vladimir Putin's last state visit to Vietnam before 2024.
By 2023:
Transactions using the Russian ruble and Vietnamese dong accounted for over 40% of trade between the two countries.
By the first quarter of 2024:
Trade transactions using the Russian ruble and Vietnamese dong neared 60%.
Wednesday, June 19, 2024:
Putin arrived in Vietnam for a two-day visit.
Thursday, June 20, 2024:
Putin met with newly elected President To Lam.
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