Vietnam Explores Possibility of BRICS Membership
来源：menafn.com;发表于:2024-04-25;人气指数:52
Thursday, April
25, 2024
Vietnam Explores Possibility of BRICS
Membership
According to a report by the Izvestia
newspaper citing Vietnam's embassy in Russia, Vietnam is actively exploring the
possibility of joining the BRICS economic group. BRICS, comprising Brazil,
Russia, India, China, and South Africa, has seen recent expansion with the
inclusion of four additional countries earlier this year. While Vietnam has yet
to make a formal decision regarding membership, it is laying the groundwork for
potential participation in BRICS activities.
The report indicates that Vietnam is in
the process of establishing a framework for engagement with BRICS and
considering the feasibility of submitting a membership bid. However, it remains
unclear whether Vietnam will send a delegation to the upcoming BRICS summit
scheduled for October in the Russian city of Kazan.
The potential interest from Vietnam
comes at a time when BRICS' geopolitical and economic significance has been on
the rise, particularly in the aftermath of Western sanctions imposed on Russia
following the Ukraine conflict in 2022. BRICS members have maintained or even
increased their trade relations with Russia, positioning the bloc as a
significant player in the global economic landscape.
Vietnam's potential bid for BRICS
membership aligns with a broader trend of countries expressing interest in
joining the group. Several nations, including Venezuela, Thailand, Senegal,
Cuba, Kazakhstan, Belarus, Bahrain, and Pakistan, have already submitted formal
applications or expressed their desire to become members.
As Vietnam explores the possibility of
joining BRICS, its decision could have implications for regional and global
economic dynamics, potentially strengthening ties with influential emerging
economies and diversifying its diplomatic and economic partnerships.
MENAFN
Source: menafn.com