The visit is made at the invitation of Vietnamese National Assembly (NA) ChairwomanNguyen Thi Kim Ngan, announced by the NA’s Committee for External Relations.
Vietnam and Russia set up diplomatic ties on January 30, 1950 and since then, the twocountries’ relations have been developing strongly with achievements recordedin all fields.
On March 1, 2001, Vietnam and Russia signed a joint statement onstrategic partnership. Later on July 27, 2012, both sides issued a jointstatement on further strengthening bilateral comprehensive strategicpartnership.
Over the past years, Vietnam – Russia political ties withhigh trust have been incessantly strengthened. The exchange of high-levelvisits has created a strong foundation to develop comprehensive strategic partnershipbetween the two nations.
On economic-trade ties, the two nations maintained theoperation of the Inter-Governmental Committee for Economic, Trade andScientific-Technological Cooperation which was established in 1992.
Two-way trade rose from 2.2 billion USD in 2015 to 2.7billion USD in 2016 and 3.55 billion USD in 2017. Vietnam mostly exports mobilephones, apparel, farm produce, and seafood to Russia while importing petroleum,iron and steel, fertiliser, machinery and equipment.
Russia now ranks 23rd among countries and territoriesinvesting in Vietnam with 116 projects worth a total of 990 billion USD, mostlyin oil and gas, manufacturing, mining, transportation, telecommunications, andaquaculture.
Vietnam currently invests in 22 projects worth nearly 3billion USD in Russia, predominantly in Rusvietpetro and Gazpromviet oil andgas ventures, Hanoi – Moscow cultural-trade centre, TH True Milk’s milchfarming and agriculture, among others.
On cultural exchange, Cultural Days in Vietnam and Russia areheld annually and alternately. Russia remains among the top 10 sources oftourist arrivals in Vietnam. The number of Russian tourists soared from 176,000in 2012 to 570,000 in 2017.-VNA