SOME FEATURES OF THE ECONOMIC COOPERATION BETWEEN VIETNAM AND RUSSIA IN THE PERIOD 2001-2017

Abstract

The article discusses economic relations between Vietnam and Russia from 2001 to 2017 in the fields of trade, investment, and cooperation in oil and gas production. It draws the following characteristics: (i) The economic relations of Vietnam and Russia from the past to the present are fueled by good political-diplomatic relations; (ii) The economic relations are conducted by two transitional market economies with huge differences in size, development level, values, and strategies; (iii) The outstanding feature of the Vietnam–Russia bilateral economic relationship has undergone an overall change, shifting from ideological principles to the principle of mutual trust and equality of mutual benefit; (iv) Although economic relations between Vietnam and Russia have achieved positive results, they are not commensurate with the potential and advantages of each country, or with traditional friendship relations and comprehensive strategic partnerships. The results of economic cooperation have not reached the level set by political goals.