Vietnamese Deputy Minister of Industry and Trade Do Thang Hai (Photo: VNA)
Hanoi (VNA) – More and more Russianbusinesses want to study investment opportunities in Vietnam and attractVietnamese firms to invest in Russia, Sergey Katyrin, President of the Chamberof Commerce and Industry of the Russian Federation, said at a working sessionwith Vietnam’s Ministry of Industry and Trade in Hanoi on March 14.
Katyrin described Vietnam as one of the biggestmarkets with exceptionally rapid development.
With a network of more than 180 chambers ofcommerce and industries across the country, Russia has been helping small-andmedium-sized enterprises seek business and investment opportunities.
Russia also encourages its firms to take part inexhibitions in Vietnam to promote trade and products, he said, adding that theupcoming Russia Expo in Vietnam is expected to draw dozens of Russianbusinesses.
Deputy Minister of Industry and Trade Do ThangHai said trade between Vietnam and Russia has grown significantly since theEU-Vietnam Free Trade Agreement (EVFTA) came into force in 2016.
In 2018, two-way trade increased 28.63 percentcompared to the previous year. Russia became the 24th largest investor among129 countries and territories pouring cash into Vietnam with 123 projects worth932 million USD.
Vietnam has 22 investment projects worth nearly3 billion USD in Russia. Dairy projects worth some 2 billion USD invested bythe Vietnamese dairy group TH True Milk in Moscow and Kaluga have become a highlightin the two countries’ relations.
In the near future, Vietnam and Russia willorganise workshops and trade fairs to promote exports to the respectivemarkets, Hai said.-VNA
Vietnam-Russia trade is likely to grow 50 percent per year when the Free Trade Agreement (FTA) between Vietnam and the Europe-Asia Economic Union (EAEU) takes effect in 2018.
Expo-Russia Vietnam 2017, the second edition, is scheduled to take place at Melia Hanoi from December 13 to 15 with a view to promoting the two countries’ trade and economic ties and Russia’s export to Southeast Asia.
The year 2018 has witnessed impressive progress in the Russia-Vietnam cooperation in various fields, and 2019 promises to be an eventful year in the bilateral relations, said Russian Consul General to Ho Chi Minh City Alexey Popov on December 26.
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.
Vietnamese Deputy Minister of Industry and Trade Do Thang Hai (Photo: VNA)
