Russian businesses eye cooperation opportunities in Vietnam
The Vietnam Chamber of Commerce and Industry organised a meeting in Hanoi on Sep. 29 for Vietnamese and Russian enterprises to help share information and seek investment cooperation opportunities.
The Vietnam Chamber of Commerce and Industry (VCCI) organised a meeting in Hanoi on September 29 for Vietnamese and Russian enterprises to help share information and seek investment cooperation opportunities.
Members of the Russian business delegation to Vietnam mainly operate in urban construction and design, infrastructure building, transportation and health equipment manufacturing.
VCCI Secretary General Pham Thi Thu Hang said that Vietnam is becoming an increasingly attractive market to Russian enterprises and investors, especially in the fields of new and renewable energies, industry, high technology, mechanics, and petrochemistry.
Vietnam is willing to create favourable conditions for Russian firms and other partners to do business in the country, she affirmed.
Head of the Russian business delegation Strozhaeva Lubov Viktorovna stated that her country’s enterprises are keen to cooperate with Vietnamese partners as a market with high potential.
Over the past years, Vietnam-Russia economic ties have been intensified in the four key pillars of trade, investment, oil and gas and power energy.
Bilateral trade jumped from 500 million USD in 2001 to nearly 3 billion USD in 2014.-VNA
Minister of Industry and Trade Vu Huy Hoang joined about 5,000 delegates from 30 countries and territories at the Eastern Economic Forum 2015 in Vladivostok , Russia from September 3-5.
Five SMEs from Russia visited HCM City on September 8 to promote cooperation in innovative technologies, oil and gas, research and development and medicine, besides telecommunications and education.
Fourteen Vietnamese enterprises are showcasing the best of their agricultural products at the international food exhibition WorldFood Moscow, which kicked off in the Russian capital city on Sept. 14.
Russia was the 17th largest investor in Vietnam as of late June with 107 projects worth nearly 2 billion USD, as heard at a September 23 press conference in Hanoi on bilateral economic and trade ties.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
Illustrative image (Source: VNA)
