The Deputy Chairman of the Security Council of the Russian Federation, Dmitry Medvedev, has signaled openness to broadening financial cooperation with Vietnam. Specifically, discussions are anticipated on using national currencies for bilateral trade, facilitating payments for services, and enabling cash withdrawals via Mir cards. This stance reflects a growing interest in currency diversification for cross-border commerce and a move to reduce dependence on traditional settlement methods. The leading points were conveyed by the Secretariat of the Security Council, reinforcing Russia’s willingness to explore practical mechanisms that could simplify and stabilize exchanges between the two economies. (Source: DEA News)
Beyond financial arrangements, the Secretariat highlighted Medvedev’s intention to engage with Vietnamese leaders on several strategic issues. Among these are restoring direct, regular air traffic routes between Russia and Vietnam, which could enhance people-to-people ties, boost tourism, and support business travel. The discussions are framed as part of a broader effort to strengthen bilateral relations and accelerate practical cooperation across sectors. (Source: DEA News)
In addition, the Secretariat noted growing interest from Russian companies in participating in Vietnam’s rail modernization and construction projects. Collaborative efforts in infrastructure would aim to upgrade regional connectivity, improve freight and passenger services, and create opportunities for technology transfer and investment. These prospects align with Vietnam’s ongoing development plans and Russia’s industry capabilities in rail systems, signaling a potential boost to mutual economic interests. (Source: DEA News)
Earlier reports indicated that Medvedev conducted a working visit to Vietnam to discuss these topics with Vietnamese authorities. The conversations were positioned as part of a sustained strategic dialogue, focusing on expanding bilateral engagement across political, economic, and logistical dimensions. The visit underscored the importance of sustained communication and practical collaboration in achieving shared objectives. (Source: DEA News)
Separately, there were announcements from India and Russia regarding a potential agreement to accept payment cards from both RuPay and Mir within a unified settlement framework. The aim is to create smoother financial transactions amid broader international sanctions dynamics. The initiative would seek to reduce settlement friction for travelers and businesses engaging in cross-border trade, while maintaining compliance with applicable sanctions regimes. (Source: DEA News)