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Russia - a major partner of Viet Nam in energy sector

VGP - Energy is a core and strategic cooperation area within the Comprehensive Strategic Partnership between Viet Nam and Russia, Vietnamese Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son told the Russian press.

May 08, 2025 3:13 PM GMT+7
Russia - a major partner of Viet Nam in energy sector- Ảnh 1.

Deputy Prime Minister and Foreign Minister Bui Thanh Son

In the interview ahead of the Russia visit by General Secretary To Lam, Bui said for years, oil and gas cooperation between the two countries has been effectively carried out in accordance with international law, making a positive contribution to peace, stability, cooperation, and development in the region and the world.

Russia is currently a major partner of Viet Nam in the energy sector, particularly in oil and gas projects, the official said, adding the two joint ventures, Vietsovpetro and Rusvietpetro, have been operating effectively in oil and gas exploration and production in both countries.

In recent years, the two countries have made concrete progress in nuclear energy cooperation for peaceful purposes, while expanding their collaboration into new energy areas such as renewable energy and green transportation.

Viet Nam is ready to serve as a bridge for discussion and the sharing of cooperation experiences between Russia and other countries in this field, stressed Bui.

At the same time, Viet Nam looks forward to learning from its partners, especially in high and emerging technologies, in order to build a solid foundation for promoting effective energy cooperation. This, in turn, will help ensure energy security, support Vietnam’s sustainable development, and contribute to peace, stability, and development in the region and the world, the Deputy Prime Minister continued.

Key principles guiding Viet Nam-Russia relations

During the interview, Bui also pointed out key principles that help Viet Nam and Russia maintain and promote the framework of Comprehensive Strategic Partnership throughout history and in the current period.

He said 75 years ago, Viet Nam and the Soviet Union officially established diplomatic relations, laying a solid foundation for bilateral relations in all areas of bilateral cooperation and at international and regional forums.

The Party, State and people of Viet Nam always remember the enormous and wholehearted support of the Soviet Union throughout the struggle for national independence and national construction.

Such assistance over many decades has been an important factor contributing to the success of the cause of national liberation, reunification, construction and defence of Vietnamese people.

He emphasised that the Viet Nam - Russia relationship today has continued to inherit and continue the good, close traditional friendship and cooperation between Viet Nam and the former Soviet Union.

In 1994, the Treaty on the Principles of Friendly Relations between the two countries was signed, laying the foundation for the continuous strengthening and development of the Viet Nam–Russia friendship and cooperation.

The year 2012 marked a milestone with the establishment of a Comprehensive Strategic Partnership between the two countries.

With the fundamental, core principles and long history of bilateral relations, together with the joint efforts of the two countries, this year marks the 75-year journey of Viet Nam and Russia together building cooperative relations in all fields, in accordance with the interests of the two countries.

The official highlighted coopration progress in politics, diplomacy, defence, and security, with bilateral trade in 2024 reaching US$4.58 billion. Russia currently has 199 investment projects in Viet Nam with a total registered capital of US$990 million. Meanwhile, Viet Nam has 16 investment projects in Russia, worth US$1.6 billion, ranking 4th among the 81 countries and territories where Viet Nam has investments. He also noted collaboration results in education-training and science-technology, and exchanges between localities.

The two countries have coordinated closely at multilateral forums and international organisations such as the United Nations, the Asia-Pacific Economic Cooperation (APEC), the Asia–Europe Meeting (ASEM), and the ASEAN Regional Forum (ARF), among others.

Asked about the significance of the Russia’s victory on May 9, 1945, Son called it a great historical milestone not only for the people of the former Soviet Union and Russia today, but also for all peace-loving people and for revolutionary and national liberation movements around the world.

The victory in the Great Patriotic War in 1945 offered a great source of encouragement for movements for national independence, democracy and social progress around the world, especially in Asia, Africa and Latin America, including Viet Nam, he said, stressing it created the foundation for today's world multilateralism.

The Deputy Prime Minister said that on the occasion of General Secretary To’s official visit to Russia and attendance at the celebration of the 80th anniversary of the Victory in the Great Patriotic War, Viet Nam wishes to express its respect and honor for the enormous contributions and sacrifices of the former Soviet Union in securing the victory over fascism and steadfastly safeguarding world peace.

Viet Nam also wishes to further strengthen political trust with Russia, identify orientations to bring their traditional friendship and comprehensive strategic partnership to new heights, and consolidate the cooperative relationship between the Communist Party of Viet Nam and major political parties in Russia, Bui shared.

Foundations of Viet Nam's foreign policy

The first is the lesson of ensuring the highest national interests. Viet Nam’s diplomacy has always imbued President Ho Chi Minh’s teaching: “Always serve the nation's interests.” Today, the national interest remains the compass guiding all actions, the most fundamental basis for determining Viet Nam’s foreign policy and orientation, on the principles of equality, cooperation, mutual benefit, and in accordance with the United Nations Charter and international law.

The second is the lesson of combining national strength with the strength of the times. In the current period, diplomacy continues to play a pioneering role in mobilising favourable external conditions and resources, such as the trends of peace, cooperation, and development, the advancements of the Fourth Industrial Revolution, and emerging development trends such as digital transformation and green transition, to serve national development.

Third is the close coordination between foreign affairs and defence, security, and other sectors in both policy formulation and implementation. At present, Viet Nam defines foreign affairs, together with defence, security and other domains, as playing a vital role in contributing to safeguarding the nation from early and from afar, firmly ensuring independence, sovereignty and territorial integrity, creating a peaceful, stable and favorable international environment, and harnessing resources and conditions for national development.

The fourth is the lesson of integration with the world, placing the country into the mainstream of the times, which today is about comprehensive, extensive, and effective international integration, making it a driving force for development and a shared undertaking of the entire political system and the people.

These invaluable historical lessons continue to shape Viet Nam's foreign policy in the new era, adapting to the evolving international context and helping Viet Nam further affirm and elevate its position in the international arena, said Bui.

Regarding the question that the U.S.-China tensions are posing challenges to security and stability in the Asia-Pacific region while Viet Nam is being assessed by the international community as one of the countries with a particularly important role in the regional security structure, Bui shared principles and policy adjustments that help Viet Nam maintain the balance between major power centres in the current complex context.

He said Viet Nam's consistent and overarching foreign policy is firmly anchored in the principles of independence, self-reliance, diversification and multilateralisation of external relations.

Viet Nam strives to be a friend, a reliable partner, and a responsible member of the international community, actively and proactively pursuing comprehensive and extensive international integration.

The fundamental principle and motto guiding Viet Nam’s foreign affairs is to safeguard the highest national interests in accordance with the UN Charter and international law, to resolutely and persistently defend independence, sovereignty, unity, and territorial integrity, and to apply the principle of “being firm in policy yet flexible in execution” to maintain peace, stability, and serve the cause of building and defending the country.

At the same time, Viet Nam adheres to the “Four No’s” defence policy: no military alliances, no alignment with one country against another, no foreign military bases or use of Vietnamese territory to oppose other countries, and no use or threat of force in international relations.

On that basis, despite fluctuations in the current international and regional environment, Viet Nam is cultivating a broadly open foreign policy landscape. Viet Nam has established diplomatic relations with 194 countries, is an active member of over 70 international organisations and multilateral forums, and developed a network of strategic and comprehensive partnerships with 34 countries. Viet Nam fosters friendly, practical, and effective cooperation with major powers, notably having strategic partnerships or higher with all non-permanent members of the UN Security Council. Furthermore, Viet Nam is increasingly contributing actively and responsibly to addressing global issues and shared concerns within the international and regional communities, while promoting ASEAN’s centrality in the regional architecture./.