Facilitating Vietnam - Russia Trade in the New Perspective
Nguyen Van Hoi ( Vietnam Institute of Strategy and Policy for Industry and Trade, 17 Yết Kiêu Street, Nguyen Du Ward, Hai Ba Trung District, Hanoi City, Vietnam )
https://doi.org/10.37155/2972-4813-gep0302-1Abstract
Vietnam and Russia have developed relations in all channels and fields, from party, government, and parliament channels to cooperation between localities and people-to-people diplomacy. However, bilateral trade relations are not commensurate with the overall comprehensive strategic partnership between Vietnam - Russia. The total two-way import-export turnover between Vietnam and Russia only accounts for about 0.5% of the total foreign trade turnover of each country. During the 2015-2024 period, the total two-way import-export turnover of goods between Vietnam and Russia increased by an average of 10.8% per year. However, the import-export turnover between Vietnam and Russia has increased unevenly between years. The article is conducted using the method of analysis and synthesis, qualitative research method and expert method, taking advantage of the knowledge and experience of experts on Vietnam - Russia trade facilitation. Through direct consultation and exchange with scientists, managers, and businesses in Vietnam and in Moscow and St. Petersburg, Russia, the result is the ineffectiveness of cooperation mechanisms to facilitate trade between the two countries. Vietnam and Russia are opening up a new perspective for Vietnam - Russia cooperation in the coming period. In that context, it is necessary to have solutions to enhance the facilitation of Vietnam - Russia trade. That is necessary to effectively implement bilateral agreements between Vietnam and Russia on trade facilitation; exploiting the Vietnam - Eurasian Economic Union Free Trade Agreement; signing a bilateral Free Trade Agreement; signing an Investment Promotion and Protection Agreement; adjusting the Vietnam’s Strategy for Import and Export of Goods.
Keywords
Trade facilitation; Vietnam - Russia trade; Facilitating Vietnam - Russia trade; Import and export; PerspectiveFull Text
PDFReferences
[2].Cosimo Beverelli, Rohit Ticku (2022). Reducing tariff evasion: The role of trade facilitation. Journal of Comparative Economics. Volume 50, Issue 2, June 2022, Pages 534-554. https://doi.org/10.1016/j.jce.2021.12.004.
[3].Daniel Sakyi, Isaac Bonuedi, Eric Evans Osei Opoku (2018). Trade facilitation and social welfare in Africa. Journal of African Trade. Volume 5, Issues 1–2, December 2018, Pages 35-53. https://doi.org/10.1016/j.joat.2018.08.001.
[4].Douglas Cumming, Ying Ge (2022). Trade facilitation costs and corruption: Evidence from China. Journal of International Financial Markets, Institutions and Money. Volume 78, May 2022, 101564. https://doi.org/10.1016/j.intfin.2022.101564.
[5].Duong Hoang Minh. (May 9, 2025). Connecting and creating breakthroughs for trade and investment between Vietnam and the Russian Federation. Retrieved May 19, 2025, from Connecting and creating breakthroughs for trade and investment between Vietnam and the Russian Federation.
[6].Ha My Huong - Doan Anh Tuan. (January 14, 2025). Seventy-five years of Vietnam-Russia relations: Traditional cooperation, friendship and development. Retrieved May 18, 2025, from Seventy-five years of Vietnam-Russia relations: Traditional cooperation, friendship and development - Media story - Communist Magazine.
[7].Novikova E.S., Nguyen H.P., Le H.A (2023). The trading cooperation of Vietnam with Russia under the current global turbulence. Russian Journal of Vietnamese Studies. Vol 7, No 4: 25-36. https://doi.org/10.54631/VS.2023.74-567919.
[8].Misak Avetisyan, Thomas Hertel (2021). Impacts of trade facilitation on modal choice and international trade flows, Economics of Transportation. Volume 28, December 2021, 100236. https://doi.org/10.1016/j.ecotra.2021.100236.
[9].Organisation for Economic Co-operation and Development (OECD). Trade facilitation. Retrieved May 18, 2025, from https://www.oecd.org/en/topics/trade-facilitation.html.
[10].Rui Tang (2021). Trade facilitation promoted the inbound tourism efficiency in Japan. Tourism Management Perspectives. Volume 38. April 2021, 100805. https://doi.org/10.1016/j.tmp.2021.100805.
[11].Shubai Wang, Yaqing Zhu (2024). An inquiry into the effect of trade facilitation on China's digital product exports to countries along the “Belt and Road”. International Review of Economics & Finance. Volume 93, Part B, June 2024, Pages 1246-125. https://doi.org/10.1016/j.iref.2024.04.041.
[12].Ting Xiang, Mingxi Du, Lingyu Yang, Zhaojun Wang, Qiuyu Liu, Honglin Zhong, Qi Cui, Yu Liu (2024). Impacts of trade facilitation on greenhouse gas emissions in the Belt and Road Initiative countries. Resources, Conservation and Recycling. Volume 209, October 2024, 107777. https://doi.org/10.1016/j.resconrec.2024.107777.
[13].United Nations Conference on Trade and Development (UNCTAD). Trade facilitation. Retrieved May 17, 2025, from https://unctad.org/topic/transport-and-trade-logistics/trade-facilitation.
[14].Vietnam Institute of Strategy and Policy for Industry and Trade (VIOIT). Reports 2020-2025. Available on https://vioit.moit.gov.vn/vn/.
[15].World Bank (WB). Trade Facilitation, Logistics & Connectivity. Retrieved May 19, 2025, from https://www.worldbank.org/en/topic/trade-facilitation-and-logistics.
[16].World Trade Organization (WTO). Trade facilitation. Retrieved May 19, 2025, from https://www.wto.org/english/tratop_e/tradfa_e/tradfa_e.htm.
Copyright © 2025 Nguyen Van Hoi

This work is licensed under a Creative Commons Attribution 4.0 International License