70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Trade - Service
Vietnam reacts to potential BRICS membership in 2024
Ngoc Mai - Lien Ha 19:24, 2024/05/09
Vietnam is committed to participating in and contributing positively to global and regional multilateral frameworks.

Vietnam remains interested and continues to monitor the BRICS expansion process, stated the Spokesperson of the Ministry of Foreign Affairs Pham Thu Hang.

 BRICS accounts for nearly 37% of global GDP. Source: AFP

At the regular press briefing today [May 9], a question was raised about Vietnam's possible entry into the BRICS group of leading emerging economies (including Brazil, Russia, India, China, and South Africa) in 2024, based on information posted on BRIC News, the bloc’s Twitter account.

According to Hang, as an active and responsible member of the international community, Vietnam is committed to engaging in and contributing positively to global and regional multilateral mechanisms, organizations, and forums, while implementing a policy of multilateralism, diversification, and self-reliance in foreign affairs.

"Like many countries around the world, we are closely monitoring the process of BRICS membership expansion," stated Hang.

Since January 1, 2024, BRICS has reached a historic milestone by welcoming five new members: Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates (UAE), bringing the total number of countries in the bloc to 10. This marks the first expansion of BRICS since 2010. With the new members, BRICS now accounts for approximately 37% of global GDP in purchasing power parity terms and 46% of the world's population.

TAG: vietnam brics vietnam russia 2024 vietnam emerging economies vietnam mofa
Other news
14:08, 2024/05/20
PM orders conclusion of gold market inspection in May
The Prime Minister emphasized the need to regulate the gold market to ensure stability, efficiency, and transparency and to prevent gold hoarding from affecting macroeconomic stability and national financial security.
15:43, 2024/05/18
Accelerating legislation to aid real estate market
This will ease access to land for businesses, attract investment, and help achieve socio-economic goals for the benefit of the public.
15:58, 2024/05/17
PM orders to suspend gold stores failing to comply with e-invoicing rules
Electronic invoicing of gold transactions is critical due to the often small-scale, undocumented, and opaque nature of these deals.
15:56, 2024/05/17
Digitalization boosts Vietnam’s trade
Receiving and clearing green lane declarations takes only 1 to 3 seconds.
15:56, 2024/05/17
Vietnam’s commodity market remains attractive investment channels: Expert
Commodity trading volumes worldwide, and in Vietnam in particular, will continue to grow significantly in the second half of the year.
13:13, 2024/05/17
Hanoi remains in the top 10 national exporters
The city will continue to help One Product One Commune (OCOP) manufacturers standardize production processes for export this year.