Wednesday, July 18 2018


PM leads major delegation to Kremlin

Update: May, 13/2013 - 10:07
Prime Minister Nguyen Tan Dung.— Photo baonguoilaodong

HA NOI (VNS)— Prime Minister Nguyen Tan Dung will pay an official visit to Russia at the invitation of Prime Minister Dmitry Medvedev from May 12-15.

His visit aims to strengthen the comprehensive strategic relationship between the two nations.

Viet Nam and Russia signed a treaty on fundamental principles of the friendly relationship between the two countries on June 16, 1994 , laying legal foundation for their relations in a new development period.

The two countries signed a joint statement on establishing a strategic partnership in 2001 and upgraded the relationship to the level of a comprehensive strategic partnership in 2012.

Bilateral political ties and mutual trust have unceasingly developed and strengthened through regular reciprocal visits by high-ranking delegations.

Most recently, Vietnamese President Truong Tan Sang visited Russia in July 2012 and Russian Prime Minister Medvedev paid a visit to Viet Nam last year.

Both countries have effectively implemented the existing co-operation mechanisms, particularly the Vietnam-Russia Inter-governmental Committee on Economic, Trade and Scientific and Technological Cooperation, the annual Strategic Dialogue on Diplomacy-Defence-Security, and regular political consultations between their Foreign Ministries.

They also worked closely at international forums, especially at the United Nations and within the framework of regional forums, such as the Asia-Pacific Economic Cooperation (APEC), the Association of Southeast Asian Nations (ASEAN), the Asia-Europe Meeting (ASEM), and the East Asia Summit (EAS).

Bilateral economic-trade ties enjoyed dynamic developments, with two-way trade reaching nearly US$2.45 billion in 2012, a year-on-year increase of 23 per cent. In the first three months of 2013, two-way trade reached $734 million.

Viet Nam's key exports to Russia include garments and textiles, agriculture and aquaculture products. Viet Nam mostly imports petrol, steel, fertiliser, machinery and equipment from Russia .

Russia ranks 18th among 101 countries and territories investing in Viet Nam, with a combined registered capital of more than $2 billion in 93 projects. Russian investment focuses on mining, processing and manufacturing industries, banking, and telecommunications.

Meanwhile, Viet Nam invested more than $1.7 billion in 16 projects in Russia, mostly in oil and gas, banking and commercial sectors.

The two countries have also witnessed fine development in co-operation in science and technology, education and training, and culture.

As many as 176,000 Russians visited Viet Nam in 2012. — VNS

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