Over the past years, Russia has overcome difficulties and challenges to achieve impressive outcomes in different fields, including the socio-economy.

Russia is entering a new development period, especially after the results of the State Duma’s election in December 2017 and the Russian presidential election in March 2018. This May, Russian President Vladimir Putin signed a decree on national objectives and strategic tasks of the Russian Federation’s development in the period up to 2024 with the aim of making breakthroughs in science and technology and the socio-economy, creating favorable conditions to improve the ordinary people’s living standards.

President Tran Dai Quang (R) and Russian President Vladimir Putin

Under the decree, Russia has created targets in medicine, education, poverty rate, and other social welfare policies.

In Russia’s foreign policy, the Asia-Pacific region has an important significance and it continues to grow. Boosting comprehensive cooperation with ASEAN member countries is part of Russia’s foreign policy priorities, in which, a special place is given to Vietnam, Russia’s traditional long-time and reliable friend.

Actually, the relationship between Russia and Vietnam was built on long-lasting tradition of their friendship with honesty and mutual trust. Besides, the two countries’ political dialogues at high and highest levels have regularly been held, playing an important role in the two countries’ ties.

Last November, President Putin took part in the APEC Summit in the Central city of Da Nang of Vietnam. Besides, the official visit to Vietnam of Russian Foreign Minister Sergei Lavrov in March 2018 became one of the key events of this year’s bilateral agenda. Furthermore, important meetings between Russian and Vietnamese leaders are scheduled to take place this fall.

Development is also seen in the two countries’ economic-trade cooperation. The Vietnam-Eurasia Economic Union Free Trade Agreement has been carried out effectively, creating conditions for further cooperation between the two countries in economy, trade and investment.

Last year, the two-way trade turnover reached USD 3.55 billion, up by 31 per cent compared to 2016.

Vietnam and Russia agreed to achieve USD 10 billion in two-way trade turnover in 2020.

The two countries have also enjoyed close cooperation in education, culture and tourism.

In the context of a complicated and ever-changing world, Russia is looking towards the future confidently and is ready to overcome all difficulties and challenges as well as boost the win-win cooperation with its partners, including Vietnam.

Translated by Mai Huong