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Russian-Vietnamese Relations and the Joint Fight Against the Pandemic

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08.12.2021

The history of relations between Russia and Vietnam goes back to Soviet times when the USSR supported the Vietnamese communists in their war for creating their state, the Socialist Republic of Vietnam (SRV). After that, the Soviet Union became a major partner of the SRV for many years. The common ideology, joint opposition to the West, and the need to contain China, with which both the USSR and SRV had very tense relations in the second half of the twentieth century, contributed to the convergence of the two states in all major spheres. Thus, the USSR had its own military base in the SRV, and the SRV had up to 70% of its foreign trade with the USSR. Friendly relations between the two countries lasted until the collapse of the Soviet Union in 1991.

When its successor, the Russian Federation, replaced the USSR, it maintained friendly relations with Vietnam. In 1994, the countries signed the Treaty on the Fundamentals of Friendly Relations. However, practical cooperation has been dramatically reduced, including in the trade and economic sphere. But after the economic crisis of the 1990s passed, the Russian Federation has been restoring economic cooperation with the SRV since the beginning of the 21st century.

In 2001, Russia and Vietnam signed a Declaration on Strategic Partnership. In 2012 this partnership was declared comprehensive, and in 2015 an agreement on a free trade zone between Vietnam and the Eurasian Economic Union was signed, in which Russia plays a key role. In 2016, the agreement came into force, and the volume of Russian-Vietnamese trade began to grow rapidly. In 2020, the mutual trade turnover between Russia and SRV exceeded $5.6 billion.

All this time, there has also been interaction between the two states in........

© New Eastern Outlook


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