The trading cooperation of Vietnam with Russia under the current global turbulence

Abstract

The significance and possibilities for furthering economic ties between Russia and Vietnam in the light of the current global scenario establish the relevance of this study. The purpose of the research paper is to provide multi-dimensional views on the bilateral trade relationship between Russia and Vietnam in different time periods, as well as to make judgments for the future. The aim of the study is to analyze the context and situation of exports and imports between the two countries. The main methods of the study are to collect and analyze historical data, thereby making analyses and comparisons based on different influencing factors. Both nations should exert more effort to strengthen their cooperation, expand into new areas, improve their infrastructure to speed up transactions, and look for shared solutions to payment issues that could affect the entire import and export process in order to be able to develop further and make the most of the development potential. Additionally, promoting commerce and raising investment capital between firms in both countries depends on the facilitation of tourist and cultural exchange activities between the two nations.