Vietnam pays attention to progress of discussions on expanding BRICS membership: Spokesperson
WVR - Vietnam pays attention to the process of discussion on expanding BRICS membership, said Spokesperson of the Ministry of Foreign Affairs Pham Thu Hang at the Ministry’s regular press briefing in Hanoi on May 9, 2024.
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| Spokesperson of the Ministry of Foreign Affairs Pham Thu Hang at the Ministry’s regular press briefing in Hanoi on May 9, 2024. (Photo: Nguyen Hong) |
Regarding the possibility of Vietnam’s engagement in BRICS, a group of major emerging economies Brazil, Russia, India, China and South Africa, the Spokesperson said that as a responsible and active member of the international community and following the foreign policy of multilateralisation and diversification of foreign relations, independence and self-reliance, Vietnam is always ready to participate in and actively contribute to global as well as regional multilateral mechanisms, organisations, and forums.
“Like many countries in the world, we pay attention to the process of discussion on expanding BRICS membership”, the Spokesperson added.
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| “Like many countries in the world, we pay attention to the process of discussion on expanding BRICS membership”, the Spokesperson. (Photo: Nguyen Hong) |
BRIC became an official group after the meeting of the leaders of Russia, India, and China in St. Petersburg, Russia, on the sidelines of the 2006 G8 Outreach Summit. The first BRIC Summit was held in Yekaterinburg, Russia, in 2009.
In 2010, after the inclusion of South Africa, the group was officially named BRICS, representing the initial letters of its five members: Brazil, Russia, India, China, and South Africa. This group represents approximately 40% of the global population and about 25% of the global economy.
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). This marks the first expansion of BRICS since 2010. With the addition of these new members, BRICS now represents approximately 37% of the global GDP in terms of purchasing power parity and 46% of the world's population.
Chinese President Xi Jinping referred to the expansion of BRICS as a historic milestone and a new starting point for BRICS cooperation.
