Relationship dossier
Venezuela
Vietnam
Relationship assessment
Friendly ties with energy cooperation, including a joint oil venture
Venezuela toward Vietnam
+35Venezuela pursued energy cooperation with Vietnam through agreements involving PDVSA and PetroVietnam, including the establishment of a joint oil venture in 2008. Venezuelan governments have also engaged Vietnam through high-level visits and bilateral cooperation agreements.
Vietnam toward Venezuela
+35Vietnam pursued energy cooperation with Venezuela through PetroVietnam’s participation in a joint oil venture with PDVSA, established in 2008. Vietnamese governments have also engaged Venezuela through high-level visits and bilateral cooperation agreements.
Overall relationship
+35The relationship has a friendly political foundation and includes concrete energy-sector cooperation, notably the 2008 PDVSA–PetroVietnam joint venture. The limited clarity about implementation and the breadth of practical cooperation argues for a moderate rather than close partnership assessment.
How to read these scores
Scores are rough judgments, not objective measurements or current verification. Directional scores describe government policy and conduct, not public opinion. The overall score is an independent estimate, never an average.
- −100
- Extreme sustained hostility
- −50
- Substantially adversarial
- 0
- Mixed or neutral, supported by knowledge
- +50
- Substantially cooperative
- +100
- Exceptionally close sustained partnership
“Not assessed” means there is no recorded score. Pair existence makes no claim about diplomatic recognition or established relations.
Relationship context
Overview
Venezuela and Vietnam have maintained friendly political ties and pursued cooperation in energy and other sectors. A 2008 agreement established a joint oil venture involving Venezuela’s PDVSA and Vietnam’s PetroVietnam, though the extent and durability of its implementation are unclear. Bilateral engagement has included high-level visits and cooperation agreements, but the scope of practical collaboration is uncertain.
Key developments
Venezuela and Vietnam established a joint oil venture involving PDVSA and PetroVietnam.
Major uncertainties
- The current status and results of the PDVSA–PetroVietnam joint venture are unclear.
- The scope and implementation of bilateral cooperation agreements beyond the energy sector are uncertain.