Vietnam Leans on Russia for Energy Amid Global Crisis
Vietnam seeks to secure energy deals with Russia to counter the impact of the global energy crisis, which threatens its economic growth. The move may also affect the legitimacy of Vietnam's new leadership.
Vietnam is among Southeast Asian countries most hard-hit by the global energy crisis, with Hanoi’s bid to forge deals with Russia this week laying bare its urgency to stem the bleed that may threaten its objective of double-digit economic growth. Observers also say the fallout in fuel supply caused by the Iran war could even chip away at the legitimacy of Hanoi’s new leadership. Vietnamese Prime Minister Pham Minh Chinh’s official visit to Russia this week reportedly saw the signing of several.....