The delegation included senior officials from the Ministry of Public Security, the Government Office, the Ministry of Justice, the Ministry of Finance, the State Bank of Vietnam, the State Securities Commission, and representatives from the Ministry of Foreign Affairs.

During the visit, he met with Finance Minister A. Siluanov and Deputy Governor of the Central Bank of Russia A. Guznov, highlighting Vietnam’s digital economy transition and plans to establish a regulatory framework for sustainable crypto asset operations.

Within the framework of the visit, Deputy Prime Minister Ho Duc Phoc chaired the “Crypto Assets and Blockchain Technology Business Engagement in the Russian Federation” conference, and held meetings with key Russian financial authorities to exchange expertise on the development, management, and supervision of crypto assets.

Deputy Prime Minister Ho Duc Phoc emphasized that Vietnam-Russia relations have been developing positively across all sectors, with strong political trust, frequent high-level exchanges, and growing economic and trade ties. Bilateral trade reached nearly US$4.6 billion in 2024, up 26.4% from 2023, positioning Vietnam as Russia’s largest ASEAN trading partner.

He also shared Vietnam’s economic outlook, reporting GDP growth of 7.85% in the nine-month period of 2025, and underlined the government’s adoption of Government Resolution No. on September 9, 2025, which launches a pilot crypto asset market, establishes legal frameworks, promotes blockchain and financial technology applications, and attracts high-tech investment and innovative startups, while emphasizing prudence, investor protection, and sustainable development.

Regarding Vietnam’s digital economy transition, Deputy PM Ho Duc Phoc noted the strategic importance of technologies including blockchain, artificial intelligence, Internet of Things, big data, cloud computing, semiconductors, quantum technology, nanotechnology, and 5G-6G mobile networks by 2030.

He asked the Russian Ministry of Finance and Central Bank to share experience and provide policy advice for finalizing Vietnam’s legal framework, applying blockchain solutions effectively, and setting security standards for crypto asset operations.

He also invited Russian enterprises to cooperate with Vietnam in developing advanced technology solutions, risk management procedures, and security standards, as well as in training a skilled workforce and forming a national team of experts in crypto assets and blockchain.

Russian officials welcomed the visit, hailed Vietnam’s reforms, and expressed readiness to cooperate and share expertise on the supervision and management of crypto assets and digital financial markets. Russian businesses committed to supporting Vietnam in building blockchain infrastructure, transferring technology, providing tools, assisting the Vietnamese government in anti-money laundering and cybersecurity systems, and participating in workforce training programs.

During the visit, the delegation also paid tribute at the Ho Chi Minh Monument in Saint Petersburg, visited the Vietnamese Embassy in Moscow to meet staff, and received updates from Ambassador Dang Minh Khoi on the Vietnamese community abroad and ongoing bilateral cooperation initiatives.

As part of the working visit, the delegation laid flowers at the Ho Chi Minh Monument in Saint Petersburg; visited and spoke with the staff of the Vietnamese Embassy in Moscow, heard Ambassador Dang Minh Khoi report on the situation of the Vietnamese community and on activities promoting Vietnam-Russia bilateral relations under the new conditions, and briefed all embassy staff and officials of affiliated agencies on the government’s key policies in financial management, science and technology, as well as upcoming cooperation directions.

Vietnam, Russia see opportunities for trade expansion in Eurasian market

VOV.VN - Vietnam-Russia trade has maintained steady growth despite global challenges, creating fresh opportunities in the Eurasian market.