Thayer Putin's Visit To Vietnam - Quick Take

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Thayer Consultancy Background Brief

ABN # 65 648 097 123


Putin’s Visit to Vietnam –Quick
Take
June 20, 2024

Could you provide an quick take on President Putin’s visit to Vietnam, now that is has
officially concluded?
Q1. How big of a publicity coup does Vietnam's welcome represent to Putin?
ANSWER: President Putin’s state visit to Vietnam will be viewed by the Russian
establishment as a whopping success coming immediately after his lavish reception in
North Korea.
Putin was given a traditional 21-gun salute and an honour guard on arrival in Hanoi;
school children and others waved Russian and Vietnamese flags as his convoy was
whisked through the streets of Hanoi. Putin’s reception in Hanoi did not have the
bellicose connotations of his visit to Pyongyang. His visit to Beijing was also marked by
pomp and ceremony.
President Putin met and held talks with his counterpart, newly installed President To
Lam who congratulated him on his recent re-election Putin also met with party
Secretary General Nguyen Phu Trong, Prime Minister Pham Minh Chinh and the new
Chairman of the National Assembly, Tran Thanh Man. All this will play well to Putin’s
domestic audience back in Russia.
Putin’s triumphal reception in Hanoi will mark a counter-point to Russia’s recent set
back – the Ukraine peace conference held in Switzerland, the Group of 7 summit in
Italy that piled more sanctions on Russia, and the recent decision by the European
Union to transfer seized Russian funds to Ukraine.
There are around a dozen countries Putin can visit that have not signed on to the
International Criminal Court which issued an arrest warrant for war crimes against
him. Putin and Russian propaganda machine will play on the theme that western
attempts to isolate Russia are not working.
Q2. The U.S. and to lesser extent EU have criticised this visit on the record. Now that
they have seen Putin get the same treatment that Joe Biden received what do you
think the mood and reaction will be in Washington and Brussels to the visuals coming
out of Hanoi?
ANSWER: The U.S. was first to respond before the visit, castigating Vietnam for
allowing Putin freedom to travel. Biden Administration officials likely feel a sense of
resignation.
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Vietnam’s President met with U.S. Ambassador Marc Knapper in a=svance of Putin’s
arrival to reassure him of Vietnam’s desire to develop bilateral relations including
defence and security cooperation.
The EU, which negotiated a free trade agreement with Vietnam, was chagrined after
Vietnam declined to meet with their envoy in charge of overseeing sanctions with
Vietnam.
Q3. Do you think Vietnam will face any repercussions? Why or why not?
ANSWER: Both the United States and Europe will find it easier to express their
disapproval verbally than take punitive action against a country they have so heavily
invested in recently. The U.S. and EU will pick up where they left off and take a long-
term view of the relationship.
The U.S. and EU also will be constrained by their far right extremists who do not
support Ukraine in resisting Russian aggression. The U.S. and EU will find it easier to
attack Putin and Russia than rupture their relations with Vietnam. Their best strategy
is to let the dust settle and keep building trust with Vietnam through trade and
investment and science and technology cooperation.
Q4. Did Putin achieve anything of substance in Vietnam (vs. North Korea) or was just
being there and welcomed the big achievement?
ANSWER: The devil is in the detail. The Russia-Vietnam comprehensive strategic
partnership was in need of shoring up after the COVID-19 pandemic and Western
sanctions on Russia for invading Ukraine. Russia and Vietnam signed eleven
agreements covering bilateral cooperation under their comprehensive strategic
partnership including Russian investment in liquified natural gas projects in Vietnam,
cooperation agreements on education, science and technology and public health and
a memorandum of cooperation on a schedule establishing a nuclear technology centre
in Vietnam etc.
Q5. And anything else that might be relevant for our quick-take analysis?
ANSWER: There are two other outcomes of Putin’s visit to note. The first was
agreement by presidents Putin and To Lam to develop “a reliable security
architecture” in the Asia-Pacific Region in place of “closed-military-political blocs.”
Secondly, and little noticed, was President To Lam’s statement that the two countries
will increase cooperation in defence and security in non-traditional security.
So far few details have been disclosed about the vexed problem of a rouble-đồng
currency exchange mechanism to pay for goods and services that evades sanctions in
the SWIFT system. At a joint press conference after the meeting, Presidents Putin and
To Lam pledged to “overcome adverse global economic challenges to intensify
bilateral trade and investment, support key energy and oil projects and facilitate the
two countries’ expansion of business and investments…” In a separate remark,
President Putin “highlighted the increasing use of local currencies in bilateral
transactions facilitated by the Vietnam-Russia Joint Venture Bank…” On the surface
these comments relate to commercial transactions but could also be used for future
Vietnamese arms procurements.
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Suggested citation: Carlyle A. Thayer, “Putin’s Visit to Vietnam –Quick Take,” Thayer
Consultancy Background Brief, June 20, 2024. All background briefs are posted on
Scribd.com (search for Thayer). To remove yourself from the mailing list type,
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Thayer Consultancy provides political analysis of current regional security issues and
other research support to selected clients. Thayer Consultancy was officially
registered as a small business in Australia in 2002.

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