The Vietnam Chamber of Commerce and Industry held a meeting for Vietnamese and Russian businesses in Hanoi on March 14 to exchange cooperation opportunities in numerous fields.
Hanoi (VNA) – The Vietnam Chamber ofCommerce and Industry held a meeting for Vietnamese and Russian businesses inHanoi on March 14 to exchange cooperation opportunities in numerous fields.
Vice Chairman of the VCCI Hoang Quang Phong saidVietnam and Russia boast long-standing economic and trade relations.
Vietnam wants to cooperate with Russia in suchareas as energy, infrastructure development, oil and gas, and mechanicalindustry, he said.
Vietnam will create favourable conditions for andshare relevant information with Russian firms to carry out specific projects inthe Southeast Asian country, he added.
Vietnam is a large market with over 90 millionconsumers and has political stability.
The country welcomes cooperation activities andinvestment from Russia, he added.
In 2018, two-way trade reached 4.57 billion USD.The two countries are aiming for 10 billion USD in bilateral trade by 2020.
Vietnam mainly imports machinery, industrialequipment, iron, and steel from Russia; while exporting rice, coffee, andseafood to the market.
Vietnamese firms have been implementinginvestment projects in Russia in the fields of telecommunications, oil and gasexploitation, construction, operation of trade centres, and milk processing,which have reaped encouraging outcomes. –VNA
Minister and Chairman of the Government Office Mai Tien Dung had a working session with a delegation of Russian experts and firms in Hanoi on February 18 to discuss building e-government and ensuring the safety of cyber information.
Sen. Lieut. Gen. Phan Van Giang, Chief of the General Staff of the Vietnam People’s Army, received Colonel General V.B. Zarudnitsky, Chief of the Military Academy of the Russian Federation Armed Forces’ General Staff, in Hanoi on February 18.
Russian military experts have shared their memories of their time working in Vietnam during the war in the sixth volume of a Russian-language book which tells the stories of those who defended the country far from their homeland, which was introduced at an event in Moscow on February 19.
As strategic partners, Vietnam and Russia have maintained fruitful political dialogues and effective cooperation in different spheres, Russian Foreign Minister Sergey Lavrov said in an interview to the press ahead of his official trip to Vietnam from February 24-45.
The Vietnam-Russia oil and gas joint venture Vietsovpetro held a ceremony in the southern province of Ba Ria-Vung Tau on March 8 to welcome the first flow of oil it pumped up from Ca Tam field.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
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.
At the meeting (Photo: VNA)
