A Russian programme on the development of startups’ business plans kicked off in Saint Petersburg on October 4, aiming to bring Russian projects to the Vietnamese market and attract Vietnamese investment in Russia.
Moscow (VNA) – A Russian programme on thedevelopment of startups’ business plans kicked off in Saint Petersburg on October4, aiming to bring Russian projects to the Vietnamese market and attract Vietnameseinvestment in Russia.
The programme is jointly organised by the Saint Petersburg Committeefor External Relations and State University of Economics, as well as the RussianFederal Agency for Youth Affairs.
Under the initiative, selected firms will be trained byexperts in a week to grasp knowledge on doing business in Vietnam and complete their projects for the Vietnamese market. The knowledge ranges fromintercultural communications, business trends and strategic cooperationdirections, to legal basis and investment attraction.
According to Nguyen Quoc Hung, head of the support fund forRussia – Vietnam cooperation development, trade and investment ties between Vietnam and Russia are yet to be on par with the nations’ potential and their comprehensive strategic partnership. Therefore, expanding andfinding new forms of cooperation to develop such relations are an urgent task.
Lauding the programme, he said it will create a premise for startups,helping them better understand business conditions and laws in both countries andbroaden their visions in choosing the most suitable business partners andinvestment areas./.
Russia earned 130.5 million USD from exporting 63,500 tonnes of pork and viscera to Vietnam in 2020, equivalent to 25 percent of Vietnamese pork imports, thereby becoming the largest pork supplier to the Southeast Asian nation.
There remains huge room for Vietnam to boost exports of farm produce, seafood, foodstuffs and beverages to Russia, which has great demand for these goods, experts have said.
The share of Vietnamese cashew nuts in Russia’s import of the product during the first half of 2021 reached 57.68 percent, increasing 7.4 percent year on year, according to statistics from the Federal Customs Service of Russia.
A number of Russia businesses displayed Vietnamese foods and agricultural products at the 30th International Food Exhibition (WorldFood 2021) in Moscow from September 21 - 24, which attracted over 600 businesses from 30 other countries worldwide.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
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.
Illustrative photo (Source: crossed-flag-pins.com) 
