Moscow (VNA) – The Vietnames🍸eEmbassy in Russia on May 15 organised a workshop in Moscow to promote b🀅ilateral economicand trade cooperation.
TradeCounselor Duong Hoang Minh said that in 2021, the two countries saw arecord-high two-way trade turnover of 7.1 billion USD. It reduced by half in2022, and the figure in the first four months of this year was 1.01 billionUSD. Minh said that for the two countriesto get a higher bilateral trade revenue, their businesses need to better takeadvantage of potential and opportunities. Acting Director of theDepartment of Multilateral Economic Cooperation and Special Projects of theMinistry of Economic Development of Russia Nikita Kondratiev said that in 2022,bilateral trade faced difficulties, including supplychain disruptions, payment issues, and certain restrictions on investment. However, there were still silver linings of the cloud such as the opening of sea routes by FESCO transport Group from Vietnameseports to Vladivostok port or TransContainer transporting consumer goods fromVietnam to Russia by rail. At the workshop, representatives ofbusinesses raised problems and opportunities as well as proposed measures tostrengthen economic trade cooperation between the two countries. Ambassador Dang Minh Khoi pointed to problems in institutions and mechanisms that hinder the economic and trade activities between the two countries. particularly the issues relating to payment and visa for Vietnamese businessmen to Russia to seek cooperation opportunities./.
The Vietnamese Veterans’ Association in Russia held a ceremony in Moscow on April 30 marking the 48th anniversary of southern liberation and national reunification and the 137th anniversary of International May Day (May 1).
ASEAN member states and Russia reaffirmed commitments to strengthen their strategic partnership at the 19th ASEAN-Russia Senior Officials Meeting (ARSOM) held recently in Siem Reap, Cambodia.
A book festival was held in Moscow on May 1 in response to the Vietnam Book and Reading Culture Day (April 21), giving a chance for the Vietnamese community in Russia to meet, exchange books and promote the reading culture.
The Embassies of Russia and Belarus in Vietnam together held a ceremony in Hanoi on May 4 to celebrate the 78th anniversary of Victory Day over Fascism in the Great Patriotic War (May 9, 1945 – 2023).
The Hanoi chapter of the Vietnam-Russia Friendship Association on May 12 held a workshop on President Ho Chi Minh's revolutionary activities in Russia and at K9 relic site in Hanoi's outlying district of Ba Vi.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
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.
At the event (Photo: VNA) 
