Russia and Vietnam Deepen Partnership with New Agreements

Written by Camilla Jessen

Jun.20 - 2024 10:42 AM CET

Photo:  AFP News Agency on YouTube
Photo: AFP News Agency on YouTube
Russia and Vietnam have solidified their strategic partnership.

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During President Vladimir Putin's visit to Vietnam, Russia and Vietnam signed 11 new agreements to deepen their cooperation, as reported by a TASS correspondent at the signing ceremony.

Both Putin and Vietnamese leader To Lam announced their commitment to enhancing their partnership, celebrating the 30th anniversary of the Russian-Vietnamese Treaty on Friendly Relations.

The Energy Sector

In the energy sector, cooperation is growing stronger than ever.

The Russian oil company Zarubezhneft received a license to develop an area of the Vietnamese continental shelf. Additionally, Novatek signed a cooperation deal with the Vietnamese state-owned company Petrovietnam.

The Russian Direct Investment Fund (RDIF) also made an agreement with the Vietnamese investment fund BVIM.

Education and Research

Education and research partnerships were also highlighted in the recent agreements.

Russian institutions, such as the Russian Presidential Academy of National Economy and Public Administration (RANEPA), signed an agreement to collaborate with Vietnamese universities, including Hanoi State University and the Vietnam Academy of Social Sciences.

A key memorandum was signed for the construction of a nuclear science and technology center in Vietnam, facilitated by Rosatom.

Additionally, the countries agreed to collaborate on enhancing laboratory facilities to combat epidemics.

Beyond these sectors, Russia and Vietnam agreed to improve cooperation through their Ministries of Justice, tax services, and customs, further strengthening their partnership.