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Russian President Vladimir Putin. Photo: AFP/VNA

Russian President Vladimir Putin on December 30 extended his greetings to the General Secretary of the Communist Party of Vietnam Central Committee and President Nguyen Phu Trong on the occasion of the New Year 2021 and Vietnam’s coming Tet (Lunar New Year) holiday.

In his message, Vladimir Putin noted the importance of maintaining the positive dynamics of Russian-Vietnamese ties in various areas despite the difficulties arising from the coronavirus pandemic.

He expressed confidence that through joint efforts of Russia and Vietnam, it would be possible to ensure the further build-up of the comprehensive strategic partnership, which fully meets the interests of the two countries’ friendly peoples and is in line with strengthening peace, security, and stability in the Asia-Pacific region.

The same day, the Russian President also sent his New Year greetings to heads of state and government of many other countries worldwide, as well as executives of international organizations.

Despite severe impacts posed by the COVID-19 pandemic, trade ties became a bright spot in bilateral relations as two-way trade hitting 4.05 billion USD in the first ten months of 2020, up 7.02 percent year-on-year.

According to Igor Tsybin, Managing Director of the Russian-Vietnamese Business Council, by moving up 14 places to rank 69th among 190 economies in the World Bank's Doing Business 2018 and among the top 10 countries in the world in terms of foreign direct investment efficiency index in 2020, Vietnam became an attractive destination for Russian investors, with its advantages such as political stability, large market, low electricity price, and labor costs, stable inflation rate, and open economy.

2020 marked the 70th anniversary of the diplomatic ties between the former Soviet Union/Russia and Vietnam (1950-2020), and within the framework of the Vietnam-Russia and Russia-Vietnam Year (2019-2020)./.

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