The planned trade corridor between Russia and Vietnam targets a milestone of 10 billion dollars by 2030, a goal highlighted by Deputy Prime Minister Dmitry Chernyshenko during recent discussions.
Vietnam is presented as a steadfast partner with deep, longstanding ties that have weathered market swings. In official remarks following the intergovernmental commission on trade, economic, scientific and technical cooperation, Chernyshenko underscored that expanding the strategic partnership with Vietnam stands high on Russia’s foreign policy agenda for the region. The stated objective is a bilateral trade volume of US$10 billion by 2030, a benchmark cited as a practical guide for future cooperation.
Earlier reporting noted Russia and Vietnam’s efforts to streamline the visa regime, signaling a broader intent to reenergize exchanges across many sectors. In this regard, the Russian embassy in Hanoi outlined steps to simplify entry requirements for Vietnamese citizens heading to Russia, signaling a readiness to reduce administrative hurdles that historically slowed people-to-people contact.
The Russian Ambassador to Hanoi, Gennady Bezdetko, indicated that once visa facilitation measures are ready for implementation, both nations could move toward eliminating the visa regime for certain entries, thereby accelerating travel, business ties, and cultural exchanges. These developments align with a broader push to deepen mutual understanding and practical cooperation across commerce, science, technology and education, while keeping the focus on fostering tangible gains for citizens and businesses on both sides.