Russia officially announced! On October 16, Russia released a piece of real news-they were working with Vietnam to supply Russian oil to refineries in Vietnam. Moreover, Russian Deputy Prime Minister Novak also met with Vietnam Deputy Prime Minister Pui Thanh during the "Russian Energy Week." They not only talked about oil, but also talked about economic and trade cooperation, investment projects, and peaceful use of nuclear energy.
Russia officially announced on October 16 that it was working with Vietnam to supply Russian oil to its refineries.
This matter is not small. You know, oil is the blood of modern industry. The cooperation between Russia and Vietnam may have a considerable impact on the energy supply and economic development of both sides.
Russian Deputy Prime Minister Novak also met with Vietnamese Deputy Prime Minister Pei Qingshan at the Russian Energy Week. When the two deputy prime ministers met, they not only talked about oil supply, but also talked about economic and trade cooperation, investment projects and peaceful nuclear energy.
This shows that cooperation between Russia and Vietnam is not only in the field of oil, but all-round.
In fact, Vietnam’s oil industry was not too late to start, and the first time it was in cooperation with the Soviet Union to establish the Vietsovpetro joint venture to develop the “White Tiger” oil field in the South China Sea.
Later, Russia continued to cooperate with Vietnam in the field of oil, providing oil to Vietnamese refineries, which would further ensure stability in Vietnam’s oil supply.
Vietnam's economy is developing quite rapidly now, and naturally there is a lot of demand for oil. With Russia's oil supply, their refineries can operate better, produce more petroleum products, meet domestic demand, and export to earn foreign exchange.
Economic and trade exchanges between Russia and Vietnam have always existed, Russia has 200 projects in Vietnam, with a total investment of $1 billion, and Vietnam has 18 projects in Russia, with a total value of $16.3 billion, involving oil and gas, agriculture, processing and manufacturing.
The meeting between the two deputy prime ministers this time is definitely to further promote the cooperation between the two sides in these fields, and maybe they can talk about some new cooperation projects. This is a good thing for the economic development of both sides, which can create more employment opportunities and promote economic growth.
The prospects for cooperation in the peaceful use of nuclear energy are also broad.The National Atomic Energy Corporation of Russia and the Ministry of Science and Technology of Vietnam signed the Intersectoral Roadmap for the Development of Nuclear Technologies by 2030 on May 10, 2025.
According to this roadmap, the two countries should carry out in-depth cooperation in four core areas: building a nuclear science and technology center in Vietnam, supplying nuclear fuel to the Dalat research reactor, promoting Vietnam to join the "Multi-Purpose Fast Neutron Research Reactor (MBIR) International Research Center" alliance, and systematically cultivating professional and technical talents in the Vietnam nuclear industry.
Moreover, Russia also suggested that Vietnam use VVER - 1200 pressurized water reactor technology to build a nuclear power plant. Although the project is still in the planning demonstration stage, this also shows that the cooperation between the two sides in the field of nuclear energy has taken an important step.
Looking at Russia and Vietnam’s continuously deepening cooperation in energy and other fields, China actually plays an important role on the international stage.China’s technology and strength in the energy field are also strong, for example, in the development of new energy, nuclear energy use, etc., have their own advantages.
Moreover, China has always adhered to the concept of peaceful coexistence and win-win cooperation, and carried out economic and trade cooperation with other countries in the world. In the process of cooperation between Russia and Vietnam, we may also see tripartite cooperation between China and them in some fields in the future.
Finally, I would like to ask you, what changes do you think this all-round cooperation between Russia and Vietnam will bring to the international energy market and regional economic structure in the future? Everyone is welcome to leave a message in the comment area for discussion.
Russia officially announced on October 16 that it was working with Vietnam to supply Russian oil to its refineries.
This matter is not small. You know, oil is the blood of modern industry. The cooperation between Russia and Vietnam may have a considerable impact on the energy supply and economic development of both sides.
Russian Deputy Prime Minister Novak also met with Vietnamese Deputy Prime Minister Pei Qingshan at the Russian Energy Week. When the two deputy prime ministers met, they not only talked about oil supply, but also talked about economic and trade cooperation, investment projects and peaceful nuclear energy.
This shows that cooperation between Russia and Vietnam is not only in the field of oil, but all-round.
In fact, Vietnam’s oil industry was not too late to start, and the first time it was in cooperation with the Soviet Union to establish the Vietsovpetro joint venture to develop the “White Tiger” oil field in the South China Sea.
Later, Russia continued to cooperate with Vietnam in the field of oil, providing oil to Vietnamese refineries, which would further ensure stability in Vietnam’s oil supply.
Vietnam's economy is developing quite rapidly now, and naturally there is a lot of demand for oil. With Russia's oil supply, their refineries can operate better, produce more petroleum products, meet domestic demand, and export to earn foreign exchange.
Economic and trade exchanges between Russia and Vietnam have always existed, Russia has 200 projects in Vietnam, with a total investment of $1 billion, and Vietnam has 18 projects in Russia, with a total value of $16.3 billion, involving oil and gas, agriculture, processing and manufacturing.
The meeting between the two deputy prime ministers this time is definitely to further promote the cooperation between the two sides in these fields, and maybe they can talk about some new cooperation projects. This is a good thing for the economic development of both sides, which can create more employment opportunities and promote economic growth.
The prospects for cooperation in the peaceful use of nuclear energy are also broad.The National Atomic Energy Corporation of Russia and the Ministry of Science and Technology of Vietnam signed the Intersectoral Roadmap for the Development of Nuclear Technologies by 2030 on May 10, 2025.
According to this roadmap, the two countries should carry out in-depth cooperation in four core areas: building a nuclear science and technology center in Vietnam, supplying nuclear fuel to the Dalat research reactor, promoting Vietnam to join the "Multi-Purpose Fast Neutron Research Reactor (MBIR) International Research Center" alliance, and systematically cultivating professional and technical talents in the Vietnam nuclear industry.
Moreover, Russia also suggested that Vietnam use VVER - 1200 pressurized water reactor technology to build a nuclear power plant. Although the project is still in the planning demonstration stage, this also shows that the cooperation between the two sides in the field of nuclear energy has taken an important step.
Looking at Russia and Vietnam’s continuously deepening cooperation in energy and other fields, China actually plays an important role on the international stage.China’s technology and strength in the energy field are also strong, for example, in the development of new energy, nuclear energy use, etc., have their own advantages.
Moreover, China has always adhered to the concept of peaceful coexistence and win-win cooperation, and carried out economic and trade cooperation with other countries in the world. In the process of cooperation between Russia and Vietnam, we may also see tripartite cooperation between China and them in some fields in the future.
Finally, I would like to ask you, what changes do you think this all-round cooperation between Russia and Vietnam will bring to the international energy market and regional economic structure in the future? Everyone is welcome to leave a message in the comment area for discussion.