Russian businesses eye cooperation opportunities in Vietnam
The Vietnam Chamber of Commerce and Industry organised a meeting in Hanoi on Sep. 29 for Vietnamese and Russian enterprises to help share information and seek investment cooperation opportunities.
The Vietnam Chamber of Commerce and Industry (VCCI) organised a meeting in Hanoi on September 29 for Vietnamese and Russian enterprises to help share information and seek investment cooperation opportunities.
Members of the Russian business delegation to Vietnam mainly operate in urban construction and design, infrastructure building, transportation and health equipment manufacturing.
VCCI Secretary General Pham Thi Thu Hang said that Vietnam is becoming an increasingly attractive market to Russian enterprises and investors, especially in the fields of new and renewable energies, industry, high technology, mechanics, and petrochemistry.
Vietnam is willing to create favourable conditions for Russian firms and other partners to do business in the country, she affirmed.
Head of the Russian business delegation Strozhaeva Lubov Viktorovna stated that her country’s enterprises are keen to cooperate with Vietnamese partners as a market with high potential.
Over the past years, Vietnam-Russia economic ties have been intensified in the four key pillars of trade, investment, oil and gas and power energy.
Bilateral trade jumped from 500 million USD in 2001 to nearly 3 billion USD in 2014.-VNA
Minister of Industry and Trade Vu Huy Hoang joined about 5,000 delegates from 30 countries and territories at the Eastern Economic Forum 2015 in Vladivostok , Russia from September 3-5.
Five SMEs from Russia visited HCM City on September 8 to promote cooperation in innovative technologies, oil and gas, research and development and medicine, besides telecommunications and education.
Fourteen Vietnamese enterprises are showcasing the best of their agricultural products at the international food exhibition WorldFood Moscow, which kicked off in the Russian capital city on Sept. 14.
Russia was the 17th largest investor in Vietnam as of late June with 107 projects worth nearly 2 billion USD, as heard at a September 23 press conference in Hanoi on bilateral economic and trade ties.
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 image (Source: VNA)
