Russia’s look east policy suits regional countries’ interests: Vietnam official

Russia’s look east policy is in line with the interests of regional countries, including Vietnam, said a Vietnamese official at a seminar on September 4 as part of the 5th Eastern Economic Forum in Russia.

Russia’s look east policy suits regional countries’ interests: Vietnam official
Deputy Foreign Minister To Anh Dung (centre) at the seminar

Deputy Foreign Minister To Anh Dung stated the policy, which focuses on promoting global integration and encouraging nations to join free trade agreements with the Eurasian Economic Union (EAEU), reflects Russia’s efforts to boost trade liberalization, serving its social-economic development and at the same time being in line with regional country’s interests.

He believed Russia and its partners will obtain practical results in contribution to peace, stability and prosperity in the region and in the world.

The official pointed to similarities in economic development directions of Vietnam and Russia, which prioritise technological development, free trade and high-quality investment.

He highlighted the significant achievement in the two pillars of the two countries’ economic cooperation which are oil & gas – energy and trade. Bilateral oil & gas joint ventures like Vietsovpetro, Rusvietpetro, and Gazpromviet are operating effectively in the territories and continental shelves of Vietnam and Russia, while bilateral trade surged after the signing of the EAEU – Vietnam Free Trade Agreement in 2015, reaching 4.5 billion USD in 2018.

 

He suggested both nations make oil & gas – energy a traditional and long-term strategic sector in a bid to realise their goal of reaching 10 billion USD in bilateral trade in 2020.

Vietnam is willing to supply skilled labourers for and export agro-forestry-fishery and consumer products to the Far East, Dung affirmed.

In an interview with the Vietnam News Agency, Andrey Bystritsky, Chairman of the Valdai Discussion Club, said Vietnam plays an important role in Russia’s look east policy, which benefits both sides.

The Vietnamese delegation to the 5th EEF is led by Deputy Prime Minister Trinh Dinh Dung. The forum opened in Russia’s Vladivostok on September 4, drawing the participation of around 8,000 delegates from more than 50 countries worldwide.-VNA

 
 

Other News

.
ASEAN Women Leaders’ Summit encourages women to prove their role
ASEAN Women Leaders’ Summit encourages women to prove their role
POLITICSicon  13/11/2020 

The role of women and gender equality-related issues will be discussed comprehensively for the first time at the ASEAN Women Leaders’ Summit held online on November 12, 

Connectivity could be the fourth pillar in ASEAN Community: Ambassador
Connectivity could be the fourth pillar in ASEAN Community: Ambassador
POLITICSicon  13/11/2020 

On the occasion of the 37th ASEAN Summit, Tran Duc Binh, Ambassador and Permanent Representative of Vietnam to ASEAN, wrote an article extolling the importance of the Master Plan on ASEAN Connectivity (MPAC),

Vietnam's ASEAN 2020 Chairmanship: Overcoming challenges to stay responsive
Vietnam's ASEAN 2020 Chairmanship: Overcoming challenges to stay responsive
POLITICSicon  12/11/2020 

Nguyen Quoc Dung, Vietnamese Deputy Minister of Foreign Affairs and head of Vietnam's ASEAN Senior Officials' Meeting, speaks to media about the contributions of Vietnam in its capacity as ASEAN Chair 2020

ASEAN and Vietnam’s active contributions
ASEAN and Vietnam’s active contributions
POLITICSicon  12/11/2020 

More than five decades since its establishment, the Association of Southeast Asian Nations has become a great economy and community in the world with security-political and cultural-social co-operation  that continues to deeply develop.

Summit will lead ASEAN through challenging times: Singaporean expert
Summit will lead ASEAN through challenging times: Singaporean expert
POLITICSicon  13/11/2020 

Choi Shing Kwok, director of the ISEAS-Yusof Ishak Institute and head of ASEAN Studies Centre at the institute, shared his views of the 37th ASEAN Summit  and Vietnam’s role as ASEAN chair in 2020.

National Assembly approves 6% GDP growth target for 2021
National Assembly approves 6% GDP growth target for 2021
POLITICSicon  12/11/2020 

The National Assembly (NA) on Wednesday morning passed a resolution on the socio-economic development plan for next year with majority of the delegates agreeing with proposals.

NA confirms three nominees for ministerial positions
NA confirms three nominees for ministerial positions
POLITICSicon  12/11/2020 

The National Assembly deputies on Thursday voted in favor of appointment of three nominees for ministerial positions at the proposal of Prime Minister Nguyen Xuan Phuc.

PM: solidary - key to ASEAN’s success
PM: solidary - key to ASEAN’s success
POLITICSicon  12/11/2020 

Solidarity is the foundation of ASEAN cooperation and the key to its success, Prime Minister Nguyen Xuan Phuc said on November 12.

ASEAN-Japan Centre leader hails Vietnam’s ASEAN chairmanship
ASEAN-Japan Centre leader hails Vietnam’s ASEAN chairmanship
POLITICSicon  12/11/2020 

Secretary General of the ASEAN-Japan Centre Masataka Fujita has appreciated continued efforts by the Vietnamese Government in holding the good ASEAN chairmanship in 2020, especially in the context of the COVID-19 pandemic.

37th ASEAN Summit and Related Summits kick off
37th ASEAN Summit and Related Summits kick off
POLITICSicon  12/11/2020 

The 37th ASEAN Summit and Related Summits kicked off virtually in Hanoi on November 12, with Party General Secretary and State President Nguyen Phu Trong attending.

Hanoi issues action plan to realize resolution of municipal Party Congress
Hanoi issues action plan to realize resolution of municipal Party Congress
POLITICSicon  12/11/2020 

Hanoi is set to continue to streamline its political system for greater efficiency in operation, and ensure the successful implementation of the pilot urban administration model.

NA adopts Resolution on 2021 socio-economic development plan
NA adopts Resolution on 2021 socio-economic development plan
POLITICSicon  11/11/2020 

The 14th National Assembly adopted a Resolution on socio-economic development plans for 2021 during its 10th session in Hanoi on November 11.

PM calls for a billion more trees
PM calls for a billion more trees
POLITICSicon  11/11/2020 

Prime Minister Nguyen Xuan Phuc yesterday said he hoped a billion trees would be planted in Vietnam over the next five years.

Colombia, Cuba, South Africa join Treaty of Amity and Cooperation in Southeast Asia
Colombia, Cuba, South Africa join Treaty of Amity and Cooperation in Southeast Asia
POLITICSicon  11/11/2020 

Colombia, Cuba and South Africa have joined the Treaty of Amity and Cooperation in Southeast Asia (TAC) during the 37th ASEAN Summit and related meetings in Hanoi.

Vietnamese, Lao Prime Ministers hold phone talks
Vietnamese, Lao Prime Ministers hold phone talks
POLITICSicon  11/11/2020 

Vietnamese Prime Minister Nguyen Xuan Phuc held phone talks with his Lao counterpart Thongloun Sisoulith on November 10 to discuss bilateral ties and regional cooperation ahead of the 37th ASEAN Summit.

Security measures for upcoming ASEAN Summit deployed early: Public security official
Security measures for upcoming ASEAN Summit deployed early: Public security official
POLITICSicon  11/11/2020 

Major General To An Xo, deputy head of the standing board of the Sub-committee for Security and Health under Vietnam’s National ASEAN 2020 Committee, talks to Vietnam News Agency about preparations for the 37th ASEAN Summit.

Foreign ministers reiterate ASEAN’s resolve to resume East Sea negotiations
Foreign ministers reiterate ASEAN’s resolve to resume East Sea negotiations
MARITIME SOVEREIGNTYicon  11/11/2020 

ASEAN foreign ministers reiterated the bloc's resolve to resume negotiations on a code of conduct in the East Sea with China during the 22nd ASEAN Political-Security Community (APSC) Council Meeting held online on Tuesday.

Ministry proposes code of Conduct for cyberspace
Ministry proposes code of Conduct for cyberspace
POLITICSicon  11/11/2020 

Minister of Information and Communications Nguyen Manh Hung said the Government is considering a proposal for a code of conduct for cyberspace in Vietnam and will issue the code by the end of this year.

Signing of Regional Comprehensive Economic Partnership expected this week
Signing of Regional Comprehensive Economic Partnership expected this week
POLITICSicon  11/11/2020 

As negotiations for the Regional Comprehensive Economic Partnership (RCEP) have been completed, member countries of the agreement are finalising procedures to prepare for the expected signing on November 15

ASEAN moves firmly, collectively ahead: FM Pham Binh Minh
ASEAN moves firmly, collectively ahead: FM Pham Binh Minh
POLITICSicon  10/11/2020 

ASEAN has continued to move firmly and collectively towards the goal of the ASEAN Community Vision 2025, while dealing with emerging challenges, particularly the COVID-19 pandemic, Deputy PM and Foreign Minister Pham Binh Minh said today.

 
 
 
Leave your comment on an article

OR QUICK LOGIN