Prime Minister Le Minh Hung and Russian President Vladimir Putin agreed to take measures to raise bilateral trade to $15 billion in the near future, during their meeting in Kazan on June 18, as part of the Vietnamese leader’s trip for the ASEAN – Russia Commemorative Summit and bilateral activities in Russia.

They agreed to continue collaboration in mining, transport, shipbuilding, railway modernisation, the expansion of transport corridors, including international intermodal railway routes through China.

They agreed to accelerate negotiations for the early implementation of the Ninh Thuan 1 Nuclear Power Plant project. They affirmed that cooperation in energy, oil and gas, and nuclear power is one of the key pillars of bilateral relations and should be implemented in line with the agreed roadmap.

PM Hung proposed that Russia create more favourable conditions for Vietnamese products, particularly agricultural goods, to gain greater access to the Russian market. He also called for the removal of restrictions on certain Vietnamese seafood processing facilities exporting to Russia and the expansion of the list of enterprises eligible to export seafood products to Russia and other member states of the Eurasian Economic Union (EAEU).

The Vietnamese leader further suggested that Russia consider negotiations to amend the Free Trade Agreement between Vietnam and the EAEU, including the complete removal of safeguard measures applied to Vietnamese textile, garment and footwear exports to Russia and the EAEU market.

The two sides agreed to promote tourism cooperation and people-to-people exchanges, expedite the establishment of a Vietnamese Cultural Centre in Russia, consider the construction of a Russian school in Hanoi, and organise a Russian Cultural Season in Vietnam in 2027.

Source: VnEconomy