Russia will facilitate Vietnam’s participation in the BRICS bloc of developing economies as a “partner country.”
Russian Prime Minister Mikhail Mishustin arrived in Vietnam Tuesday for a two-day visit aimed at deepening ties between the two long-standing allies as Moscow's isolation over the war in Ukraine grows.
Russia aims to assist Vietnam in joining the BRICS bloc as a partner country, enhancing its participation in global economic discussions.
HANOI, Vietnam (AP) — Russia will facilitate Vietnam's participation in the BRICS bloc of developing economies as a “partner country,” the countries said in a joint statement on Wednesday after Russian Prime Minister Mikhail Mishustin’s two-day visit to Hanoi.
BRICS bloc added Iran, Egypt, Ethiopia and the United Arab Emirates. Saudi Arabia has been invited to join. Turkiye, Azerbaijan and Malaysia have formally applied to become members, and a few others have expressed interest.
Vietnam solidifies its bond with Russia amidst China's unease, praising Moscow's achievements under President Putin. Increased flights and special tariffs are set to boost tourism. Russia's investments in Vietnam's oil assets and engagement with North Korea and Myanmar concern Beijing about Moscow's influence in its region.
Russia is supporting Vietnam's potential entry into the BRICS group, despite Vietnam's hesitations over possible U.S. repercussions. Vietnam seeks to advance economic growth with U.S. backing, while Russia aims to strengthen Asian alliances amidst global isolation.
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