Vietnam proposes to bring ASEAN - Russia trade to 45 billion USD by 2035

Thanh Hà |

Prime Minister Le Minh Hung affirmed that Vietnam always values the traditional friendship and Comprehensive Strategic Partnership between Vietnam and Russia.

On June 18, Politburo Member, Prime Minister Le Minh Hung led a high-level Vietnamese delegation to attend the plenary session of the ASEAN-Russia 35th Anniversary Summit in Kazan, Russian Federation.

Speaking at the conference, Prime Minister Le Minh Hung affirmed that Vietnam always values the traditional friendship and Comprehensive Strategic Partnership between Vietnam and Russia, and supports Russia to promote its role and make more positive contributions to peace, stability, cooperation and development in Asia-Pacific and the world.

The Prime Minister affirmed that in the face of complex and unpredictable changes, ASEAN and Russia need to proactively work together to create a more stable, balanced and sustainable environment. Vietnam supports peaceful resolution of disagreements and conflicts on the basis of international law, the United Nations Charter, UNCLOS 1982, and jointly contribute to promoting dialogue and seeking sustainable peaceful solutions. Vietnam welcomes the agreement between the US and Iran on the Middle East situation, hoping that the parties will effectively implement the agreement, towards long-term peace for the benefit of the region and the international community.

The Prime Minister outlined 3 major orientations to promote effective and substantive ASEAN-Russia relations.

First, raising the strategic level of relations through the periodic organization of the ASEAN-Russia Summit, strengthening relations between AIPA and the Russian Parliament, promoting the core principles and values that the two sides share and consistently support.

Second, more practical cooperation through removing bottlenecks in logistics, market access and payment mechanisms, bringing two-way trade turnover to 45 billion USD by 2035; promoting cooperation in education, training, youth, culture, and tourism.

Third, improve self-reliance and resilience, especially making energy a key pillar of cooperation, establishing a priority mechanism for supplying fertilizers, animal feed ingredients and agricultural technology; improve digital self-reliance, contributing to the implementation of the Hanoi Convention on Cybercrime.

The Prime Minister also announced that Vietnam will host the ASEAN - Russia Young Diplomats Summit in 2027.

At the end of the conference, ASEAN and Russian Leaders agreed to adopt the Kazan Declaration 2026 "ASEAN-Russia: Solidarity in Diversity - 35 Years of Accompanying", the ASEAN-Russia Declaration on Energy Cooperation and the ASEAN-Russia Declaration on Cultural Cooperation, along with the ASEAN-Russia Work Plan for the period 2026-2030.

Thanh Hà
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