Trade and Investment Cooperation between Russia and Vietnam: Results, Problems, and Prospects
Abstract
In the context of the tightening of antiRussian sanctions by the US and their extension by D. Trump, Russia and Vietnam show a high level of cooperation in the major industries and in the implementation of innovative projects. Along with China, Vietnam consistently remains Russia’s major strategic partner in East Asia, supporting any peaceful initiatives of the Russian leadership. The official visit of Prime Minister of Vietnam Nguyễn Xuân Phúc to the Russian Federation in May 2019 serves as another proof of the high degree of trust and responsibility between Vietnam and Russia.
Aim. The presented study aims to examine the achievements and problems of the economic relations between the two countries and the perspective directions for their development.
Tasks. The authors evaluate the importance of economic cooperation between Vietnam and Russia for joining the ranks of developed countries in the 21st century.
Methods. This study uses general analytical methods in the field of international trade and economic relations, which are relevant to the development of new, innovative solutions.
Results. The study shows that Russia and Vietnam have enhanced cooperation in major industries in the context of comprehensive strategic partnership.
Conclusions. Vietnam continues to maintain the policy of economic cooperation with Russia despite the increasing pressure from the current US administration aimed at containing Russia’s presence in the Socialist Republic of Vietnam. Vietnam views Russia as a reliable trade and economic partner and their cooperation as a way to join the ranks of developed East Asian countries.
About the Author
Lyudmila A. Anosova
Department of Social Sciences of the Russian Academy of Sciences
Russian Federation
Russian Federation
Leninskiy Ave 32/A, Moscow, 119991
References
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Review
For citations:
Anosova L.A. Trade and Investment Cooperation between Russia and Vietnam: Results, Problems, and Prospects. Economics and Management. 2019;(5):4-9. (In Russ.)
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