Int'l Cooperation

Last updated: Wednesday, May 15, 2019


Russian PM to Pay Official Visit to VN Next Week

Posted: Wednesday, November 14, 2018

Russian PM D. A. Medvedev will pay an official visit to Viet Nam on November 18 and 19.

The visit will be made at the invitation of PM Nguyen Xuan Phuc.

Viet Nam and Russia established diplomatic relations in 1950 and decided to elevate the relationship to strategic partnership in 2001.

According to the General Department of Viet Nam Customs’ data, Viet Nam has recorded a trade surplus each year with Russia since 2011. In the first seven months of this year, the trade surplus reached US$265 million, down 39 per cent against the same period last year.

The two-way trade turnover hit a record US$5.23 billion in 2017, up 36 per cent on-year.

Ending July, Viet Nam sold goods worth almost US$1.47 billion to Russia while spending $1.2 billion on imports from the country. These figures represented growth of 21 per cent in exports and 55 per cent in imports year-on-year.

Russia was the 19th largest trading partner of Viet Nam in the first seven months of 2018.


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