During the expanded BRICS summit in July 2025, Vietnam participated for the first time as a partner country of the block. This symbolically reflects its desire to actively participate in the emerging institutions of the Global South and make the voice of developing countries more significant.
Strategic Initiatives and Foreign Policy
President Pham Minh Chinh used his presence at the summit to demonstrate a commitment to a peaceful multipolar geopolitical course, active participation in international mechanisms, and the promotion of international cooperation in the interests of sustainability and equality.
Vietnam urged forum participants to mobilize international resources for the implementation of national priorities through infrastructure, fintech, technological, and environmental initiatives.
New Opportunities: BRICS and Infrastructure Financing
Partner country status opens Vietnam's access to the block's tools, such as the New Development Bank (NDB) — an important opportunity for financing infrastructure, energy, and digital projects.
Dynamics of Foreign Policy Ties
Strengthened relations with Brazil, a strategic partner, are highlighted. Trade turnover reached $8 billion in 2024, with targets to increase to $10 billion by 2025 and $15 billion by 2030.
During the summit in Brazil, numerous bilateral meetings were held with leaders of the block's countries — this creates a foundation for further projects in trade, investment, technology, environmental protection, and healthcare.
Investor Takeaway
- The new status of a BRICS partner country enhances Vietnam's strategic importance in interacting with major emerging economies.
- Participation in the NDB and the expansion of export and financial ties create an additional inflow of resources and infrastructure opportunities — boosting growth potential, including in real estate.
- VINPROP recommends paying special attention to projects associated with international flows, logistics, and the high-tech segment.