
AI-generated summary
In May 2025, the countries signed a declaration of strategic partnership supporting the work of oil and gas operators on each other's shelves.
Russia and Vietnam signed a certificate of registration of investments in the oil and gas industry on the continental shelf of Vietnam and an agreement on production sharing on the Vietnamese shelf, a RIA Novosti correspondent reports.
The head of Zarubezhneft Sergei Kudryashov and the Minister of Industry and Trade of Vietnam Le Manh Hung exchanged documents in the Kremlin.
In May 2025, Russia and Vietnam signed a joint declaration on the main directions of Russian-Vietnamese relations of a comprehensive strategic partnership. According to it, Russia and Vietnam support the expansion of work of Russian oil and gas operators on the continental shelf of Vietnam and Vietnamese companies in the Russian Federation.

Russian President Vladimir Putin and Vietnamese President To Lam said they were continuing to discuss the involvement of Russian organizations in modernization, modernisation and construction of new generating capacity in Vietnam, including offshore wind power plants.

Russian President Vladimir Putin suggested that Vietnam consider the possibility of creating joint strategic fuel reserves in the republic. The initiative was announced following negotiations with Vietnamese President To Lam in Moscow.

The Russian Direct Investment Fund intends to establish the production of Russian vaccines in Vietnam. RDIF head Kirill Dmitriev noted the promise of the Vietnamese market for bilateral investment cooperation, including the agricultural sector.

SovEcon analysts predict a decrease in Russian wheat exports by 3.2 million tons to 41.4 million tons in the current agricultural year due to logistics problems in the Azov-Black Sea basin.

The official euro exchange rate dropped below 100 rubles, amounting to 99.25 rubles. The dollar fell to 85.46 rubles, and the yuan to 12.74 rubles. Data from the Bank of Russia record a decline in the value of currencies after a recent rise to highs since the beginning of 2025.

A procurement session was held at the II Russian-Chinese Forum in Khabarovsk, bringing together 135 Chinese and 155 Russian companies. The participants held 285 negotiations in 15 industries, laying the foundation for long-term cooperation and growth in non-resource exports.