HANOI: Russia is turning to traditional ally Vietnam to shore up diplomatic ties and bolster economic opportunities as Moscow faces increasing isolation following its invasion of Ukraine.
“The Russian central bank has already offered solutions, it’s possible to say the path to the Vietnam market is wide open to us,” he said. The country has abstained multiple times from United Nations resolutions condemning the Russian invasion. For many Vietnamese firms, Russia is also emerging as an alternative to boost their exports amid decline due to weak global demand.
“Vietnamese businesses have the need to import goods from Russia such as meat, milk, fertiliser, wheat,” Thuy said, “Russians also want to expand businesses to partners in Vietnam.” "I want to affirm with Vietnamese firms and partners that Russia will continue to be open and supportive in delivering all responsibilities on our end", he added.During his time in Hanoi, Mr Chernyshenko also promoted Russia’s Games of the Future 2024, an international sports competition hosted by the city of Kazan in September next year.
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