Hanoi, November 21, 2025 – The Europe Today: On Thursday, the Vietnamese Ministry of Industry and Trade and its Russian counterpart signed a Memorandum of Understanding (MoU) to enhance collaboration in scientific research, industrial development, and innovation within the industrial sector. The signing took place at the opening ceremony of the Vietnam–Russia Scientific Forum on Industrial, Technological, and Innovation Promotion.
Strengthening Traditional Partnerships
Speaking at the event, Deputy Minister of Industry and Trade Trương Thanh Hoài highlighted Russia as a “traditional and reliable partner” and “a great friend” that has supported Vietnam throughout its nation-building and defence efforts.
“Entering a new era of national development, industrialisation and modernisation remain central tasks for Vietnam, with science, technology, and innovation designated as top national priorities,” Hoài said. He added that under the 2030 development orientation, the industrial sector is expected to contribute over 40 per cent of GDP, with manufacturing and processing accounting for approximately 30 per cent.
Vietnam aims to deepen its growth model by focusing on energy, materials, mechanical engineering, and digital technology sectors, while placing strong emphasis on international cooperation, particularly with Russia, a country noted for its strength in basic sciences and core technologies.
Russian Perspective on Industrial Cooperation
Addressing the forum, Russian Deputy Minister of Industry and Trade Aleksey Gruzdev underscored the forum’s role as a driving force in deepening bilateral relations and promoting trade and industrial cooperation. He outlined Russia’s plans to invest in sectors such as truck manufacturing and high-tech industries, aiming for a 40 per cent share of non-energy exports and up to 90 per cent industrial self-sufficiency by 2030.
Gruzdev emphasized the strong potential for joint development between Russia and Vietnam, expressing confidence in achieving significant accomplishments through continued collaboration.
Forum as a Platform for Substantive Cooperation
Deputy Minister Hoài lauded the initiative to organise the forum, noting the participation of administrators, experts, scientists, and major enterprises such as Rosatom, Rusal, and AlPharma, alongside leading Vietnamese corporations. He expressed optimism that the forum would go beyond theoretical discussions, opening avenues for substantive and in-depth cooperation in industrial, scientific, and technological domains.
The MoU and the forum mark a significant step in Vietnam–Russia industrial and technological collaboration, aiming to foster innovation, enhance industrial capacity, and strengthen bilateral relations in the years ahead.
