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Russia and Vietnam to switch to national currencies in trade-economic relations

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Russia and Vietnam to switch to national currencies in trade-economic relations

Russian and Vietnam authorities express their intention to use national currencies in bilateral trade and economic relations, announced the First Vice Prime Minister Igor Shuvalov at a session of the Russian-Vietnamese Intergovernmental Commission.


“Another important aspect of our cooperation is bank servicing, financial clearing of projects. We would like to considerably move forward in the usage of only national currencies in our trade relations,” he said.

Igor Shuvalov added that this measure might help both countries to bolster export projects, including investments in Russian and Vietnamese economies. Russia isn’t just interested in making investments into Vietnamese economy, but also in attracting investors from Vietnam.

The First Vice Prime Minister also announced that the parties continue negotiations on the nuclear power plant construction in Vietnam.

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