Vietnam’s gains from hosting Russian President Vladimir Putin is likely to pale in comparison to the expected benefits of courting other powers. However, sentiment can play a role in international relations, says ISEAS-Yusof Ishak Institute's Hoang Thi Ha.
Vietnam ’s gains from hosting Russia n President Vladimir Putin is likely to pale in comparison to the expected benefits of courting other powers. However, sentiment can play a role in international relations, says ISEAS-Yusof Ishak Institute's Hoang Thi Ha.
Putin’s presence in Hanoi could also garner applause from a segment of Vietnamese society that holds a deep fondness for Russia. Many still feel nostalgic for the Soviet Union and grateful for its support to Vietnam during the wars against the French and Americans. The prospects of furthering economic ties are dim, given the US tightening sanctions against Russia. The only exception may be in the energy sector, as Vietnam still pins its hopes on Russia’s continued participation in its hydrocarbon projects in the South China Sea amid China’s intensifying obstruction.
Even before the war in Ukraine, Vietnam had begun to diversify its arms supply, and this trend is likely to accelerate. Russian arms transfers to Vietnam have steadily decreased since peaking at around US$1 billion in 2014, plunging further after Russia’s invasion of Ukraine to only US$72 million in 2022.
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