Vietnam joins BRICS as 10th partner country

News Image

MG News | June 16, 2025 at 11:12 PM GMT+05:00

0:00

June 16, 2025 (MLN): Vietnam has officially joined BRICS as the 10th partner country, reinforcing the bloc’s emergence as a global economic and geopolitical powerhouse.

The declaration was made by Brazil, the current chair of BRICS, on June 13, marking a significant milestone in the group’s ongoing expansion across the Global South.

This development is part of a broader strategy initiated under the partner-country framework, introduced at the 16th BRICS summit in Kazan in October 2024.

The framework enables closer collaboration with nations that align with BRICS’ vision but are not full members, fostering deeper political, economic, and diplomatic ties.

With Vietnam’s entry, the partner network now includes ten nations: Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Nigeria, Thailand, Uganda, Uzbekistan, and Vietnam.

Meanwhile, BRICS’ full membership currently stands at eleven countries Brazil, Russia, India, China, South Africa, Saudi Arabia, Egypt, UAE, Ethiopia, Indonesia, and Iran.

Vietnam’s participation signals its commitment to BRICS’ priorities, including advocacy for a more inclusive international order and stronger South-South cooperation.

Brazil highlighted Vietnam’s strategic importance in the global economy, underscoring its growing role in regional and global governance, as CoinStats reported.

While some critics express concern over potential challenges in internal policy coordination, proponents argue that Vietnam brings added economic strength and innovation capacity.

They contend that the diversity of new partners enhances BRICS’ strategic direction and reinforces its relevance in shaping a new global financial architecture.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 171,292.27
24.59M
-0.07%
-112.22
ALLSHR 103,452.32
57.67M
0.01%
10.08
KSE30 52,334.98
8.44M
-0.15%
-78.81
KMI30 244,331.91
7.89M
-0.13%
-313.93
KMIALLSHR 67,061.20
28.73M
0.02%
10.92
BKTi 47,271.10
2.63M
-0.30%
-142.44
OGTi 33,319.65
0.33M
-0.30%
-100.10
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 89,080.00 89,725.00
87,910.00
1020.00
1.16%
BRENT CRUDE 60.99 61.07
60.53
0.52
0.86%
RICHARDS BAY COAL MONTHLY 91.00 0.00
0.00
2.30
2.59%
ROTTERDAM COAL MONTHLY 96.90 0.00
0.00
0.30
0.31%
USD RBD PALM OLEIN 1,016.00 1,016.00
1,016.00
0.00
0.00%
CRUDE OIL - WTI 57.02 57.09
56.60
0.50
0.88%
SUGAR #11 WORLD 14.85 14.87
14.45
0.37
2.56%

Chart of the Day


Latest News
December 22, 2025 at 09:47 AM GMT+05:00

NBP issues foreign exchange rates


December 22, 2025 at 09:38 AM GMT+05:00

Fauji Foundation opts out of PIA privatization bid


December 22, 2025 at 09:32 AM GMT+05:00

PIA sale goes live tomorrow on TV


December 22, 2025 at 09:27 AM GMT+05:00

Asia markets rise with China holding lending rates steady


December 22, 2025 at 06:00 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg