The Vietnamese Government will create favourable conditions for the Russian oil and gas company Zarubezhneft to strengthen cooperation with the Viet Nam National Industry-Energy Group (Petro Viet Nam) and other Vietnamese enterprises, affirmed Permanent Deputy Prime Minister Pham Gia Tuc on May 27.

Russian media on March 23 gave extensive coverage to the official visit to the Russian Federation by Prime Minister Pham Minh Chinh from March 22–25, highlighting key activities and agreements reached during the trip.

Viet Nam and Russia are facing a comprehensive, long-term cooperation agenda, as well as the potential for transformation in bilateral cooperation, said Dr. of Economics Leonid Borisovich Vardomsky from the Institute of Economics under the Russian Academy of Sciences.