Vietnam, Russia issue joint statement on deepening comprehensive strategic partnership
Vietnam and Russia have issued a Joint Statement on deepening their comprehensive strategic partnership, building on the achievements of the three-decade implementation of their Treaty on Principles of Friendly Relations.
Released as part of Russian President Vladimir Putin's state visit to Vietnam on June 19 and 20, the joint statement wrote that the two countries will continuously strengthen their comprehensive strategic partnership based on friendship and mutual support amidst a complex international landscape. In 2025, they will celebrate 75 years of diplomatic relations, marking a long journey of overcoming challenges together.
Vietnamese President To Lam (second right) and Russian President Vladimir Putin (second left) raise a toast at the State banquet hosted at the Hanoi Opera House. Photo courtesy of Vietnam News Agency.
According to the document, both sides affirmed that consolidating and enhancing the effectiveness of the comprehensive strategic partnership is a top foreign policy priority for both, serving long-term interests, contributing to each country's development, and enhancing their roles regionally and globally.
Vietnam and Russia build their relationship on mutual trust, principles of sovereign equality, territorial integrity, the right to self-determination, non-interference in each other's internal affairs, no use or threat to use force, peaceful settlement of disputes, and in accordance with the UN Charter and international law. They are determined to continue close cooperation in both bilateral and multilateral frameworks.
Vietnam and Russia do not align or enter into agreements with a third party to take actions that are harmful to each other's independence, sovereignty, territorial integrity, and fundamental interests. The development of their bilateral relations is not aimed against any third party.
Vietnam and Russia also agreed to continue regular and substantive high-level political dialogue, striving to effectively implement agreements reached between their leaders. They aim to enhance the efficiency of existing cooperation mechanisms, establish new ones, and strengthen contacts through party and parliamentary channels.
Both sides emphasised the special role of defence and security cooperation in their overall relationship and agreed to strengthen comprehensive collaboration in international information security in line with international law and bilateral agreements.
The two sides recognised the need to enhance joint work in emergency response, further develop economic cooperation, and support the early agreement and implementation of the master plan for Vietnam-Russia cooperation development until 2030.
They affirmed the importance of increasing Vietnamese investment in Russia and Russian investment in Vietnam in such areas as mineral extraction and processing, industry, agriculture, machinery manufacturing, and energy.
Both sides concurred to continue cooperating in existing and new oil and gas projects in accordance with each country's law, meeting the strategic interests of both parties. They also saw potential in cooperation on the construction and modernisation of power facilities.
They supported facilitating the operation expansion of Vietnamese oil and gas enterprises in Russia as well as of Russian oil and gas enterprises on the Vietnamese continental shelf, in line with Vietnamese, Russian and international laws, including the 1982 United Nations Convention on the Law of the Sea.
The joint statement also highlighted the potential for nuclear energy collaboration, the strategic nature of joint work in education, training, science, technology, and innovation, and the promotion of the study and teaching of Vietnamese in Russia and Russian in Vietnam.
The areas for expanded cooperation also included humanities, media, health, sports, and tourism. Both sides agreed to continue discussions on immigration issues and facilitate the living, working, and studying conditions for Vietnamese citizens in Russia and Russian citizens in Vietnam.
Both sides vowed to accelerate the objective process of establishing a fair and sustainable multipolar world order, in line with the fundamental principles of the United Nations Charter and international law, including respecting sovereignty, territorial integrity, the right to self-determination of peoples, non-interference in the internal affairs of countries, and refraining from the threat or use of force, and peaceful settlement of disputes.
They emphasised that effective cooperation and coordinated actions at global and regional forums will strengthen and enhance the bilateral relationship, deepening the traditional friendship and comprehensive strategic partnership between the two countries. This will serve the long-term interests of their people, contributing to peace, security, and sustainable development in the Asia-Pacific and the world.
President Putin invited Party General Secretary Nguyen Phu Trong and other high-ranking Vietnamese leaders to visit Russia at a convenient time. The Vietnamese side accepted the invitation with pleasure.
- Read More
Petrovietnam shipyard arm's pre-tax profit surges over 10-fold
Petrovietnam Marine Shipyard JSC (PV Shipyard), a subsidiary of state-owned giant Petrovietnam, reported a strong first quarter of 2026, with revenue rising sharply and pre-tax profit increasing more than 10-fold year-on-year.
Companies - Mon, May 4, 2026 | 3:49 pm GMT+7
Petrovietnam, Samsung Heavy Industries sign cooperation deal
Petrovietnam and Samsung Heavy Industries have signed an MoU to establish a cooperation framework in shipbuilding, energy industry, and related sectors.
Companies - Mon, May 4, 2026 | 2:11 pm GMT+7
Imprisoned entrepreneur, spouse hold over 6.3% stake in Vietnam private lender ACB
The combined stake held by imprisoned businessman Nguyen Duc Kien and his spouse in the Asia Commercial Bank (ACB) is valued at nearly VND7.62 trillion ($289.23 million), based on the ACB market price of VND23,500 ($0.89) per share last Wednesday.
Banking - Mon, May 4, 2026 | 1:10 pm GMT+7
Vietnam manufacturing purchasing managers' index drops to 7-month low in April
Vietnamese manufacturers recorded a drop in new orders in April as inflationary pressures hit 15-year highs amid increased costs for fuel and oil in particular, according to S&P Global.
Economy - Mon, May 4, 2026 | 12:08 pm GMT+7
Vietnam bank profits diverge in Q1, favoring large lenders
The Vietnamese banking sector’s profits in Q1/2026 showed a clear divergence, with growth seen among large lenders with strong capital and asset quality while smaller banks facing mounting pressure from rising funding costs and credit risks.
Banking - Mon, May 4, 2026 | 10:51 am GMT+7
Gelex invests $304 mln in Gia Binh airport project
Gelex Group has invested VND8 trillion ($303.54 million) in a company developing the Gia Binh International Airport in northern Vietnam, driving a sharp increase in its investments in associates in the first quarter of 2026.
Companies - Mon, May 4, 2026 | 8:07 am GMT+7
PV Drilling profit accelerates, Brunei bottleneck persists
Petrovietnam subsidiary PV Drilling reported strong earnings growth in the first quarter of 2026 on the back of a recovery in the oil and gas market, but continued to face profitability challenges in Brunei, a market with sizable assets that has yet to deliver commensurate returns.
Companies - Mon, May 4, 2026 | 8:00 am GMT+7
Vietnam’s auto industry paradox: Fast growth, but localization remains 'near zero'
Vietnam’s automobile market expanded rapidly in 2025, yet localization rates - particularly for passenger cars - remain stubbornly low, highlighting a structural gap in the industry’s development.
Economy - Sun, May 3, 2026 | 3:17 pm GMT+7
China’s retail giant Meiyijia enters Southeast Asia with first stores in Vietnam, Malaysia
China’s largest convenience store chain Meiyijia has made its first move into Southeast Asia with initial outlets in Vietnam and Malaysia under a new brand, signaling intensifying competition in the region’s fast-growing retail market.
Companies - Sun, May 3, 2026 | 8:07 am GMT+7
Vietnam’s e-commerce sales surge 47% to $5.64 bln in Q1
Vietnam’s online retail market continued its rapid expansion in the first quarter of 2026 as total gross merchandise value (GMV) across four major platforms, Shopee, TikTok Shop, Lazada, and Tiki, reached about VND148.6 trillion ($5.64 billion), up 47% year-on-year, according to data from analytics firm Metric.
Economy - Sun, May 3, 2026 | 8:00 am GMT+7
Vietnam, Japan agree to target $5 bln annual investment, $60 bln trade by 2030
Prime Ministers Le Minh Hung of Vietnam and Takaichi Sanae of Japan have signed six bilateral co-operation documents following summit talks at the Government headquarters.
Economy - Sat, May 2, 2026 | 4:01 pm GMT+7
Vietnam's top dairy producer Vinamilk posts Q1 profit of nearly $93 mln
Vinamilk (HoSE: VNM) reported a net profit of nearly VND2.46 trillion ($93.26 million) in the first quarter of 2026, up 55% from the same period last year, as the dairy producer met about a quarter of its full-year target after three months.
Companies - Sat, May 2, 2026 | 3:26 pm GMT+7
Vietnamese PM hosts welcome ceremony for Japanese counterpart
Prime Minister Le Minh Hung on Saturday morning hosted an official welcome ceremony for Japanese Prime Minister Takaichi Sanae, who is on a three-day official visit to Vietnam.
Politics - Sat, May 2, 2026 | 12:37 pm GMT+7
PV Oil completes 81% of full-year profit target in Q1
PV Oil, a subsidiary of state-owned Petrovietnam, reported a sharp surge in first-quarter earnings, achieving 81% of its full-year profit target within the first three months of 2026, driven largely by favorable inventory dynamics.
Companies - Sat, May 2, 2026 | 8:17 am GMT+7
Major players eye Vietnam’s wastewater treatment market
Vietnam’s wastewater treatment sector is entering a transition phase as a growing number of large corporations signal plans to enter or expand investments, driven by rising environmental infrastructure demand and expectations of clearer wastewater pricing mechanisms.
Companies - Sat, May 2, 2026 | 8:00 am GMT+7
Work on $92 mln eco-urban resort project starts in northern Vietnam tourist hotspot
A consortium of Hong Phong ID Co. Ltd. and Ecopark Hai Duong JSC has broken ground on a VND2.42 trillion ($91.97 million) eco-urban tourism project in Vietnam's northern border province of Lao Cai.
Real Estate - Fri, May 1, 2026 | 9:08 pm GMT+7






















