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Russia ranks 22nd among foreign investors in Vietnam

Russia currently ranks 22nd among countries and territories investing in Vietnam with total registered capital of nearly 1 billion USD.
Russia ranks 22nd among foreign investors in Vietnam ảnh 1An oil rig in Bach Ho oil field (Photo: VNA)

Hanoi (VNA) – ♕Russia currentlyranks 22nd among countries and territories investing in Vietnam with totalregistered capital of nearly 1 billion USD.

Russia projects are mostly invested in oiland gas, manufacturing, mining, transport, telecommunications, and aquacultureand fishing, according to the Foreign Investment Agency under the Vietnamese Ministryof Planning and Investment. Meanwhile, Vietnam has invested in 18projects in Russia, with combined registered and added capital reaching 2.4 billionUSD by the end of March 2018. Most of the investment comes from projects investedby Rusvietpetro joint venture, Hanoi-Moscow Trade Centre Investment JSC and adairy cow breeding and milk processing in Moscow of TH Group. To date, 17 projects have been included inthe list of Vietnam-Russia prioritised projects, which was approved at the 20thsession of the Vietnam-RussiaIntergovernmental Committee for Economic-Commercial and Scientific-TechnologicalCooperation.  These projects are in the spheres of oil andgas, transport, agriculture, electricity, construction, industry and hightechnology. The two sides are working on the roadmap for the implementation ofthe projects.-VNA
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A motorbike production line of Honda Vietnam — a Japanese company located in Phu Tho province. (Photo: VNA)

🌱 Phu Tho emerges as FDI magnet following mergence

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.
Infraction levels will correspond to fines of 1-80 million VND, depending on the nature and number of invoicing violations. (Photo: vietnamfinance.vn)

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At the strategic partnership signing ceremony between Sun PhuQuoc Airways and Amadeus. (Photo: Sun Group)

♌ Sun PhuQuoc Airways enters strategic partnership with Amadeus to build a five-star aviation technology ecosystem

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A local resident makes a bank transfer using the Momo app. (Photo: VNA)

🎃 Banks accelerate digitalisation, non-cash payments

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