Russian Prime Minister Dmitry Medvedev. (Source: AFP/VNA)

Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc on May 9 cabled a message of congratulations to Dmitry Medvedev on his re-appointment as Prime Minister of Russia.

The Kremlin issued a statement saying that President Vladimir Putin, who was sworn in for a new term on May 7, nominated Dmitry Medvedev again to be Prime Minister in his new term.

Vietnam and Russia established diplomatic ties on January 30, 1950.

Over the past nearly two decades, economy and trade have been the highlights in ties between the two nations, with robust growth seen in the oil and gas and energy sectors.

Two-way trade topped 5.3 billion USD in 2017, representing a year-on-year rise of 35 percent. In the first two months of this year, the figure reached 657.7 million USD, up 45.3 percent year on year.

The two countries are working together to raise the figure to 10 billion USD by 2020.

Russia has poured more than 1 billion USD in Vietnam, ranking 23rd out of 119 nations and territories investing in the country.

It is Vietnam’s second biggest foreign investment destination, worth nearly 3 billion USD via projects funded by the Vietnam National Oil and Gas Group (PetroVietnam), TH True Milk Group and the Hanoi – Moscow Trade Centre.-VNA