The agreements are inked by Vietnamese Minister of Industry and Trade Nguyen Hong Dien (L) and Russian Energy Minister Nikolai Shulginov. (Photo: VNA)
Moscow (VNA) - Vietnam and Russia have signed two important agreements inthe field of geological exploration, and oil and gas exploitation.
Theagreements were inked by Vietnamese Minister of Industry and Trade Nguyen HongDien and Russian Energy Minister Nikolai Shulginov on the sidelines of the 6th"Russian Energy Week" International Forum in Moscow on October 12-13.
In aworking session with Shulginov on October 12, the two sides reviewed theimplementation of bilateral oil and gas, and energy projects and agreed on anumber of major cooperation directions for the coming time.
At the working session between Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Russian Energy Minister Nikolai Shulginov. (Photo: VNA)
Dienaffirmed that the signing of the cooperation deals showed the strong support ofleaders of the Vietnamese and Russian States and governments for prioritisedpolicies in the fields of energy, and oil and gas in the bilateral cooperativeties in the time to come.
Earlierthe same day, Dien received Russian Deputy Minister of EconomicDevelopment Vladimir Ilichev. The two officials recognised the recovery ofbilateral trade after a sharp fall in 2022. Russia's statistics showed thattwo-way trade reached 2.7 billion USD in the first seven months of 2023, up6.2% year on year.
Theyagreed to remove difficulties in payment, transport and travel of people,especially entrepreneurs, between the two nations in a bid to foster economic,trade and investment ties.
Thetwo sides also discussed bilateral cooperation in industry, agriculture as wellas in exploration and exploitation of natural resources, and seek newcooperation projects in green transition, energy transition, climate changeresponse, circular economy, science-technology and innovation.
Duringthe trip, Dien attended the opening of Vietnam Days in Russia, lasting from October12-15, and the inauguration of a milk cow farm of TH Group in Moscow oblast, and received leaders of several Russia oil and gas groups such as Zarubezhneft, Gazprom and NOVATEK./.
Deputy Minister of National Defence Sen. Lieut. Gen. Hoang Xuan Chien on July 6 paid a courtesy visit to Russian Deputy Prime Minister Dmitry Chernyshenko as part of the Vietnamese officer’s trip to the country.
The Vietnam-Russia oil and gas joint venture Vietsovpetro has recently sent a proposal to the Vietnam Oil and Gas Group (Petrovietnam) regarding the expansion of its operating area.
The Consulate General of Vietnam in Vladivostok and the Vietnam Trade Office’s branch in the Far East on August 21 held a workshop to promote Vietnam-Russia foreign trade through Vladivostok port.
Permanent Deputy Minister of Foreign Affairs Nguyen Minh Vu and First Deputy Foreign Minister of Russia Vladimir Titov co-chaired the 12th Vietnam-Russia defense and security strategy dialogue in Moscow on August 29.
The Vietnam – Russia Friendship Association held the fourth national congress on September 30 to outline operation directions and elect its leadership in the 2023-2028 tenure.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The agreements are inked by Vietnamese Minister of Industry and Trade Nguyen Hong Dien (L) and Russian Energy Minister Nikolai Shulginov. (Photo: VNA) 
At the working session between Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Russian Energy Minister Nikolai Shulginov. (Photo: VNA) 
