TRADE BETWEEN RUSSIA AND VIETNAM IS ON A HALT — TRADE GROWTH EXPECTED IN A FEW MONTHS
INTRODUCTION The foundation of the relationship between Russia and Vietnam was formally set up on 30 th January 1950 when the first ever Russian embassy was set up in Northern Vietnam. The Socialist Republic of Vietnam identifies Russia as one of the most active members/allies of its group. The Soviet Union was one of the initial countries that formed and built diplomatic relations with Vietnam. Although the Soviet Union was dissolved in the year 1991, the friendly relations between Vietnam and Russia continued. Slowly and gradually the trade relations between both nations also got improved and by 2001, the bilateral trade between Russia and Vietnam touched USD 550 million. major Imports of Vietnam as per Vietnam Import data from Russia were machines, steel, textiles, and rice. RUSSIA-VIETNAM TRADE TRENDS (2017-2021) We are going to portray one of the most interesting tables that contain the total imports and exports that happened betw...