Vietnam – potential market for Moscow manufacturers: Russian media
Vietnam has been one of the most promising markets for Moscow firms thanks to the country’s rapid economic growth and high population density, said a Moscow official.
Moscow (VNA) – Vietnam has been one of the most promising markets for Moscow firms thanks to the country’s rapid economic growth and high population density, said a Moscow official.
Export of Moscow's industrial goods to the Southeast Asian nation accounts for some 63% of its supply, with electrical appliance, medicine and cosmetics having been high on demand, Director of the department of investment and industrial policy of Moscow Vladislav Ovchinsky was quoted as saying on the Mos.ru site.
Meanwhile, around 37% of Moscow’s food exports have been destined for Vietnam, he said, adding local confectionery plants supply more than 100 tonnes of candies for the country every year.
Moscow's trade with Vietnam contributed some 40% to the trade revenue between the two nations in 2023, with local non-resource and non-energy shipments to Vietnam surging 55%, according to the site.
🐷 The bilateral trade and economic ties have been well developed on the back of the free trade agreement between Vietnam and the Eurasian Economic Union that allows lower tariff rates for products and the expansion of the investment flow between the two sides, it said./.
Cooperation in science and technology between Vietnam and Russia has a long tradition and is an important and inseparable part of the time-tested friendship between the two countries, according to Deputy Minister of Science and Technology Tran Hong Thai.
Since the Free Trade Agreement between Vietnam and the Eurasian Economic Union (EAEU) took effect, trade turnover between Vietnam and Russia has made significant progress. The State visit to Vietnam by Russian President Vladimir Vladimirovich Putin on June 19-20 is expected to open new opportunities in bilateral relations, towards mutual prosperity.
Vietnam and Russia share a longstanding friendship and a Comprehensive Strategic Partnership. Vietnam considers its relationship with Russia strategically important, designating the country as a top priority in its foreign policy. Similarly, Russia views Vietnam as a reliable partner and one of its primary priorities in the Asia-Pacific region.
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.
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.
