14.06.2025 16:55

The BRICS economic alliance, currently chaired by Brazil, is significantly expanding its reach, signaling a growing global movement toward de-dollarization. Friday brought the announcement of Vietnam's accession to the group, not as a full member, but as a "partner country." This strategic move underscores the bloc's increasing influence on the world stage.

Established last year, the "partner country" designation allows participating nations to engage with BRICS initiatives without the full commitments of membership. Vietnam's inclusion is a testament to the alliance's evolving structure and its ambition to foster broader economic cooperation. The addition of Vietnam, a significant Southeast Asian economy, further strengthens BRICS's geopolitical standing.

This expansion comes amidst a palpable global shift away from the US dollar's dominance in international trade and finance. The growing number of nations seeking alternative payment systems and economic partnerships reflects a desire for a more multipolar world order. BRICS's expansion, therefore, is not merely an economic event; it's a pivotal moment in the ongoing reshaping of the global financial landscape. The inclusion of Vietnam further accelerates this trend.

The involvement of partner countries within the BRICS framework provides a pathway for increased collaboration and resource sharing, thereby promoting mutual economic growth. This initiative offers a flexible framework for nations interested in aligning with BRICS's goals without the stringent requirements of full membership. Ultimately, Vietnam's partnership reinforces the BRICS alliance's commitment to fostering a more inclusive and equitable global economic system. The move is seen by many analysts as a significant step in the continued effort to diversify global financial relationships.