Trading cooperation of Vietnam with Russia under the current global turbulence
https://doi.org/10.26425/1816-4277-2024-4-167-175
Abstract
The relevance of the study is determined by the significance, as well as the potential for further development of economic relations between Russia and Vietnam in the context of the current global situation. The purpose of the study is to identify opportunities to intensify trade interaction between the two countries with the additional opportunities analysis to increase exports and imports. Statistical information on the existing trade interaction between Russia and Vietnam has been given, the potential for the tourism activities and educational services development considered. In addition, the article describes the possibilities of increasing the economic potential of the two countries in terms of infrastructure development, including opportunities for the investment joint projects development. Special attention has been paid to the logistics systems development, which can increase the trade cooperation efficiency between Russia and Vietnam, considering the new transportation corridors development within the framework of the Northern Sea Route and Russia’s participation in China’s One Belt, One Road project. The key problems slowing down the possibilities of more active interaction between the two countries have been identified, and possible ways to solve them found. The practical significance consists in the obtained results application in the field of business organization within the two economies, as well as for the analysis and better understanding of economic relations between Russia and Vietnam.
Keywords
Trading turnover,
Vietnam,
Russia,
bilateral cooperation,
Export,
Import,
competitiveness,
globalization
About the Authors
E. S. Novikova
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Ekaterina S. Novikova, Cand. Sci. (Econ.), Assoc. Prof. at the Economic Theory Department
Moscow
Huu Phu Nguyen
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Nguyen Huu Phu, Student
Moscow
Hoang Anh Le
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Le Hoang Anh, Postgraduate Student
Moscow
References
1. Anis Z. Chowdhury, Jomo K.S. Responding to the COVID-19 Pandemic in Developing Countries: Lessons from Selected Countries of the Global South. Society for International Development. 2020;63:162–171. https://doi.org/10.1057/s41301-020-00256-y
2. Altig D. Et al. Economic uncertainty before and during the COVID-19 pandemic. Journal of Public Economics. 2020;191. https://doi.org/10.1016/j.jpubeco.2020.104274
3. Mogi R., Spijker J. The influence of social and economic ties to the spread of COVID-19 in Europe. Journal of Population Research. 2021;39:459–511. https://doi.org/10.1007/s12546-021-09257-1
4. Sturgeon T.J., Van Biesebroeck J. Global value chains in the automotive industry: an enhanced role for developing countries? International Journal of Technological Learning, Innovation and Development. 2011;4:181–205. https://doi.org/10.1504/IJTLID.2011.041904
5. Nayyar D. BRICS, developing countries and global governance. Third World Quaterly. 2016;37:575–591. https://doi.org/10.1080/01436597.2015.1116365
6. Sokolov A. Vietnamese Studies in Russia and the Former Soviet Union. Journal of Vietnamese Studies. 2021;16:67–69. https://doi.org/10.1525/vs.2021.16.1.67
7. Thao V.P., Quan N.N., Smirnov V.V. Assessing the impact of COVID-19 on the economics of Russia and Vietnam and their economic relation. Ekonomika i sotsium. 2021;4(83):943–958.
8. Anikin B.A., Anikin O.B., Thyong N.Q. Foreign trade of Russia and Vietnam: modern trends and prospects of development. Upravlenie/Management (Russia). 2020;4(8):31–41. (In Russian). https://doi.org/10.26425/2309-3633-2020-8-4-31-41
9. Anikin B.A., Anikin O.B.., Thyong N.K., Dong P.T. Forecasting the development of foreign trade of Russia and Vietnam until 2025 based on logistic curve. Advances and Applications in Statistics. 2020;1(60):63–78. http://dx.doi.org/10.17654/AS060010063
10. Bui Q.T., Ha T.C. Impact of the Vietnam – EAEU FTA on the trade between Vietnam and Eurasian Economic Union. Annals of Computer Science and Information Systems. 2021;28:91–98. https://doi.org/10.15439/2021KM53
11. Buszynski L. Russia and Southeast Asia: A New Relationship. Contemporary Southeast Asia. 2006;2:276–296.
12. Kokushkina I. Aspects of Russia-Vietnam trade and economic cooperation development in the late XX and early XXI centuries. External Economics Review. 2017;5(94):55–63.
13. Nguyen T.L., Le V.K. Russia’s Pivot to Asia and Russian-Vietnamese Economic Relations at the Beginning of the XXI Century. New Science Technology. 2022;6:1492–1506. (In Russian). http://dx.doi.org/10.28991/ESJ-2022-06-06-017
14. Ding L.H.G. Vietnam-Russia comprehensive strategic partnership: formation, realization, evaluation. European Studies Review. 2022;23:3–16. (In Russian).
15. Rau V.V. Food Export: Looking to the East. Studies on Russian Economic Development. 2018;1(29):41–49. https://doi.org/10.1134/S1075700718010124
16. Karaganov S. From the Turn to the East to Greater Eurasia. Russia in Global Affairs. 2017. (In Russian).
17. Taghizadeh-Hesary F. et al. Determinants of the Russia and Asia–Pacific energy trade. Energy Strategy Reviews. 2021;38:100681. https://doi.org/10.1016/j.esr.2021.100681
18. Nguyen N.S. Vietnam-Russia relations – 70 years of historical milestones. Ekonomika i sotsium. 2022;12-1(103):1220–1235. https://doi.org/10.46566/2225-1545_2022_1_103_1220
19. Fedorov N.V. Agreement on free trade zone between EAEU and Vietnam as a factor of Russian-Vietnamese relations. Comparative Politics Russia. 2018;1(9). (In Russian). http://dx.doi.org/10.18611/2221-3279-2018-9-1-74-90
20. Sumsky V., Hong M., Lugg A. (eds.) ASEAN-Russia: Foundations and Future Prospects. Singapore: ISEAS; 2012. 344 p.
Review
For citations:
Novikova E.S., Nguyen H., Le H. Trading cooperation of Vietnam with Russia under the current global turbulence. Vestnik Universiteta. 2024;(4):167-175. (In Russ.) https://doi.org/10.26425/1816-4277-2024-4-167-175
Views:
278
Email this article 