Trade between Vietnam and Russia was estimated at 4.57 billion USD in 2018, up 28.6 percent year on year, partly thanks to the enforcement of the free trade agreement (FTA) between Vietnam and the Eurasian Economic Union (EAEU).
A worker at a steel factory. Steel and steel products made up 16.6 percent of Vietnam's exports to Russia in 2018 (Photo: VNA)
Hanoi (VNA) – Trade between Vietnam and Russiawas estimated at 4.57 billion USD in 2018, up 28.6 percent year on year, partlythanks to the enforcement of the free trade agreement (FTA) between Vietnam andthe Eurasian Economic Union (EAEU).
Food accounted for 32.4 percent of Vietnam’sshipments to Russia, automobiles and machinery 20.7 percent, and steel andsteel products 16.6 percent, according to the General Department of VietnamCustoms.
Last year, Russia invested in eight new projectsand added capital to one existing project in the Southeast Asian nation. Italso purchased shares of Vietnamese businesses through 40 projects.
It registered a total of 42.63 million USD ofinvestment capital in 2018, ranking 28th among 112 countries and territoriesinvesting in Vietnam for the year.
The FTA between Vietnam and thefive EAEU countries of Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan tookeffect on October 5, 2016.-VNA
Vietnamese Government Inspector General Le Minh Khai received and held talks with Alexander Anikin, Deputy Head of the Anti-Corruption Department of the Russian President, in Hanoi on February 18.
Permanent Deputy Prime Minister Truong Hoa Binh hosted a reception for Alexander Anikin, Deputy Head of the Anti-Corruption Department of the Russian President in Hanoi on February 18.
Sen. Lieut. Gen. Phan Van Giang, Chief of the General Staff of the Vietnam People’s Army, received Colonel General V.B. Zarudnitsky, Chief of the Military Academy of the Russian Federation Armed Forces’ General Staff, in Hanoi on February 18.
Hanoi is willing to cooperate with and learn from Russian enterprises’ experience in building an e-Government, said Chairman of the Hanoi People’s Committee Nguyen Duc Chung.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
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.
A worker at a steel factory. Steel and steel products made up 16.6 percent of Vietnam's exports to Russia in 2018 (Photo: VNA) 
