Russian President Vladimir Putin and Vietnamese President To Lam held talks with official delegations, marking Putin’s fifth state visit to Vietnam and the 30th anniversary of the Treaty on Principles of Friendly Relations between the two nations.
The leaders discussed a range of key cooperation areas, including a notable increase in trade settlements using national currencies.
President Putin remarked, “Our countries are consistently switching to national currencies in financial mutual settlements, striving to build sustainable channels of credit and banking cooperation.”
He added that by the end of the first quarter of 2024, the volume of such settlements reached approximately 60%, compared to over 40% in the previous year.
President Lam characterized the discussions as “trusting” and “very fruitful,” leading to the adoption of a joint statement on deepening the comprehensive strategic partnership between the two countries.
Trade and investment were central to the talks, with President Putin highlighting the growth in trade turnover and the benefits derived from the free trade agreement with the Eurasian Economic Union.
He emphasized the energy sector as a strategic area of cooperation, pointing to successful oil and gas projects and potential in renewable energy.
Vietnam News Agency, a partner of TV BRICS, reported on the talks, underscoring the strengthening ties between Russia and Vietnam across multiple sectors.
