{"title":"Russian-Vietnamese economic cooperation in new conditions","authors":"Madina O. Turaeva, A. Yakovlev","doi":"10.31737/22212264_2023_1_165","DOIUrl":null,"url":null,"abstract":"The article considers the prospects for Russian-Vietnamese economic cooperation in the new geopolitical conditions, forcing Russia to intensify the \"turn to the East\" policy. It is shown that as a result of the reforms, Vietnam has managed to turn into one of the fastest growing economies in the world, deeply integrated into global production chains and economic ties, pursuing a multi-vector foreign economic policy, balancing between the largest players in the Asia-Pacific region. Despite the historically high level of diplomatic relations between Russia and Vietnam, economic ties between two countries are comparatively poor. It is concluded that the sanctions imposed against Russia by unfriendly countries will negatively affect the prospects for the development of economic relations with Vietnam due to the rise of transaction costs and the risks of secondary sanctions on Vietnamese counterparties. However, an adequate and realistic strategy of reorientation towards interaction with the countries of East and South-East Asia will help Russia to increase economic cooperation with Vietnam, as well as strengthen the development of its own eastern regions.","PeriodicalId":43676,"journal":{"name":"Zhurnal Novaya Ekonomicheskaya Assotsiatsiya-Journal of the New Economic Association","volume":null,"pages":null},"PeriodicalIF":0.3000,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Zhurnal Novaya Ekonomicheskaya Assotsiatsiya-Journal of the New Economic Association","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.31737/22212264_2023_1_165","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
The article considers the prospects for Russian-Vietnamese economic cooperation in the new geopolitical conditions, forcing Russia to intensify the "turn to the East" policy. It is shown that as a result of the reforms, Vietnam has managed to turn into one of the fastest growing economies in the world, deeply integrated into global production chains and economic ties, pursuing a multi-vector foreign economic policy, balancing between the largest players in the Asia-Pacific region. Despite the historically high level of diplomatic relations between Russia and Vietnam, economic ties between two countries are comparatively poor. It is concluded that the sanctions imposed against Russia by unfriendly countries will negatively affect the prospects for the development of economic relations with Vietnam due to the rise of transaction costs and the risks of secondary sanctions on Vietnamese counterparties. However, an adequate and realistic strategy of reorientation towards interaction with the countries of East and South-East Asia will help Russia to increase economic cooperation with Vietnam, as well as strengthen the development of its own eastern regions.
期刊介绍:
Key Journal''s objectives: bring together economists of different schools of thought across the Russian Federation; strengthen ties between Academy institutes, educational establishments and economic research centers; improve the quality of Russian economic research and education; integrate economic science and education; speed up the integration of Russian economic science in the global mainstream of economic research. The Journal publishes both theoretical and empirical articles, devoted to all aspects of economic science, which are of interest for wide range of specialists. It welcomes high-quality interdisciplinary projects and economic studies employing methodologies from other sciences such as physics, psychology, political science, etc. Special attention is paid to analyses of processes occurring in the Russian economy. Decisions about publishing of articles are based on a double-blind review process. Exceptions are short notes in the section "Hot Topic", which is usually formed by special invitations and after considerations of the Editorial Board. The only criterion to publish is the quality of the work (original approach, significance and substance of findings, clear presentation style). No decision to publish or reject an article will be influenced by the author belonging to whatever public movement or putting forward ideas advocated by whatever political movement. The Journal comes out four times a year, each issue consisting of 12 to 15 press sheets. Now it is published only in Russian. The English translations of the Journal issues are posted on the Journal website as open access resources.