Saint Petersburg firms seek partnerships in Ho Chi Minh City
Saint Petersburg firms are willing to partner with Ho Chi Minh City in trade, foodstuff, traditional medicine, information technology, clean water supply and wastewater treatment.
Governor Georgy Poltavchenko (L) and Chairman Le Hoang Quan (Source: VNA)
HCM City (VNA) – Saint Petersburg firms are willing to partner with Ho Chi Minh City in trade, foo꧃ds🔴tuff, traditional medicine, information technology, clean water supply and wastewater treatment.
Visiting Governor Georgy Poltavchenko made the statement during his meeting with Chairman of the municipal People’s Committee Le Hoang Quan on December 8.
Poltavchenko said both sides will launch more education-culture connections following meetings during the visit, adding that Saint Petersburg wants to work with Ho Chi Minh City in the fields of tourism and transport infrastructure.
He suggested establishing a working group to realise the initiative in mid-2016.
Quan, for his part, said the visit is concurrent with the 10 th anniversary of the signing of a cooperation agreement between Ho Chi Minh City and Saint Petersburg (December 9).
He pledged all possible support to bilateral economic affiliations to match political ties between the two countries and localities.
The host informed his guest that the Saigontourist company and Saigon Trading company will invest in tourism and trade in Russia in the foreseeable future.
Russia is current investing in 21 projects topping 30 million USD in Ho Chi Minh City.
In January-August, the southern metropolis welcomed around 50,000 Russian visitors and its two-way trade with Russia surpassed 200 million USD./.
Minister of Health Nguyen Thi Kim Tien has held talks with Anna Popova, head of Russia's Rospotrebnadzor to discuss measures to step up healthcare links between the two agencies.
Vietnam and Russia convened their eighth annual strategic dialogue in Saint Petersburg on September 28, discussing bilateral ties and regional and global issues of shared concern.
Businesses from Ho Chi Minh City and Russia’s Saint Petersburg have been urged to take the lead in seizing opportunities opened up by a range of free trade agreements.
Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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.
Governor Georgy Poltavchenko (L) and Chairman Le Hoang Quan (Source: VNA)
