Russian Deputy PM Dmitry Chernyshenko speaks at the forum (Photo: VNA)
Hanoi (VNA) – A Vietnam-Russia business forum took place in Hanoi on April 6, attracting the participation of more than 200 enterprises from both nations.
Spotlighting new cooperation opportunities and potential sectors between the sides, the event was held within the framework of the 24th meeting of the countries’ Inter-Governmental Committee on Economic, Trade and Scientific-Technological Cooperation.
Chaired by Vietnamese Deputy Prime Minister Tran Hong Ha and his Russian counterpart Dmitry Chernyshenko, the forum included roundtable discussions in the fields of industry, energy, transport and logistics, climate change, environmental protection, and digital economy-digital technology.
Addressing the forum, the Vietnamese minister lauded the robust growth of the two countries’ economic and commercial relationship in the past based on their comprehensive strategic partnership established in 2012 and a free trade agreement (FTA) signed between Vietnam and the Eurasian Economic Union (EAEU) in 2015. The two countries continue to consider each other an important priority partner in their respective economic and trade policies, he noted.
Vietnam always creates favourable business-climate and legal-corridor conditions for foreign enterprises, including those from Russia, to invest and do business in the country, stressed Ha, listing high technology, innovation, and research and development as the country’s priorities in foreign investment attraction.
At the event (Photo: VNA)
For his part, Chernyshenko said to Russia, Vietnam has always been an important partner in Southeast Asia, being the first and only country in the region to have an FTA with the EAEU.
Vietnam and Russia have benefited significantly from the pact and are ready to discuss new measures to further tap its potential, he said.
The official affirmed that the Russian government prioritises new development directions in science, education, digital technology, tourism; and is willing to share achievements and technologies in these areas serving joint projects of the two countries.
At the event (Photo: VNA)
Two-way trade between Vietnam and Russia increased at an average 15% a year in the 2016-2021 period to 5.5 billion USD in 2021. The value dropped to 3.55 billion USD in 2022 due to numerous factors.
As of March this year, Russia had 171 valid investment projects in Vietnam with total registered capital of 970 million USD, mostly in mining, services and processing-manufacturing.
Meanwhile, Vietnam has 17 valid projects capitalised at 1.6 billion USD in Russia, accounting for 7% of its outbound investment./.
Vietnam and Russia boast huge potential for cooperation in economy, trade and investment, and the two countries should take the collaboration as a main priority in the bilateral relations, a Russian industrialist has said.
Secretary of the Party Central Committee and President of Vietnam Fatherland Front (VFF) Central Committee Do Van Chien on February 17 received a delegation of the Russian Federal Assembly’s Federation Council led by its First Deputy Speaker Andrey Yatskin.
Nguyen Thi Le, Vice Secretary of the Ho Chi Minh City Party Committee and Chairwoman of the municipal People’s Council, on February 21 hosted First Deputy Speaker of the Russian Federal Assembly’s Federation Council Andrey Yatskin.
A roundtable was held in St. Petersburg on March 6, discussing the history of friendship between Russia and Vietnam through meetings of Soviet Union leader Iosif .V. Stalin and President Ho Chi Minh.
Vietnam welcomes Russia’s consideration of simplifying visa procedures for Vietnamese citizens, deputy spokesperson of the Vietnamese Ministry of Foreign Affairs Pham Thu Hang said at the ministry’s regular press conference on March 9.
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.
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.
Russian Deputy PM Dmitry Chernyshenko speaks at the forum (Photo: VNA) 
At the event (Photo: VNA) 
At the event (Photo: VNA) 
