The agreements are inked by Vietnamese Minister of Industry and Trade Nguyen Hong Dien (L) and Russian Energy Minister Nikolai Shulginov. (Photo: VNA)
Moscow (VNA) - Vietnam and Russia have signed two important agreements inthe field of geological exploration, and oil and gas exploitation.
Theagreements were inked by Vietnamese Minister of Industry and Trade Nguyen HongDien and Russian Energy Minister Nikolai Shulginov on the sidelines of the 6th"Russian Energy Week" International Forum in Moscow on October 12-13.
In aworking session with Shulginov on October 12, the two sides reviewed theimplementation of bilateral oil and gas, and energy projects and agreed on anumber of major cooperation directions for the coming time.
At the working session between Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Russian Energy Minister Nikolai Shulginov. (Photo: VNA)
Dienaffirmed that the signing of the cooperation deals showed the strong support ofleaders of the Vietnamese and Russian States and governments for prioritisedpolicies in the fields of energy, and oil and gas in the bilateral cooperativeties in the time to come.
Earlierthe same day, Dien received Russian Deputy Minister of EconomicDevelopment Vladimir Ilichev. The two officials recognised the recovery ofbilateral trade after a sharp fall in 2022. Russia's statistics showed thattwo-way trade reached 2.7 billion USD in the first seven months of 2023, up6.2% year on year.
Theyagreed to remove difficulties in payment, transport and travel of people,especially entrepreneurs, between the two nations in a bid to foster economic,trade and investment ties.
Thetwo sides also discussed bilateral cooperation in industry, agriculture as wellas in exploration and exploitation of natural resources, and seek newcooperation projects in green transition, energy transition, climate changeresponse, circular economy, science-technology and innovation.
Duringthe trip, Dien attended the opening of Vietnam Days in Russia, lasting from October12-15, and the inauguration of a milk cow farm of TH Group in Moscow oblast, and received leaders of several Russia oil and gas groups such as Zarubezhneft, Gazprom and NOVATEK./.
Deputy Minister of National Defence Sen. Lieut. Gen. Hoang Xuan Chien on July 6 paid a courtesy visit to Russian Deputy Prime Minister Dmitry Chernyshenko as part of the Vietnamese officer’s trip to the country.
The Vietnam-Russia oil and gas joint venture Vietsovpetro has recently sent a proposal to the Vietnam Oil and Gas Group (Petrovietnam) regarding the expansion of its operating area.
The Consulate General of Vietnam in Vladivostok and the Vietnam Trade Office’s branch in the Far East on August 21 held a workshop to promote Vietnam-Russia foreign trade through Vladivostok port.
Permanent Deputy Minister of Foreign Affairs Nguyen Minh Vu and First Deputy Foreign Minister of Russia Vladimir Titov co-chaired the 12th Vietnam-Russia defense and security strategy dialogue in Moscow on August 29.
The Vietnam – Russia Friendship Association held the fourth national congress on September 30 to outline operation directions and elect its leadership in the 2023-2028 tenure.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
The agreements are inked by Vietnamese Minister of Industry and Trade Nguyen Hong Dien (L) and Russian Energy Minister Nikolai Shulginov. (Photo: VNA) 
At the working session between Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Russian Energy Minister Nikolai Shulginov. (Photo: VNA) 
