Saint Petersburg firms seek partnerships in Ho Chi Minh City
Saint Petersburg firms are willing to partner with Ho Chi Minh City in trade, foodstuff, traditional medicine, information technology, clean water supply and wastewater treatment.
Governor Georgy Poltavchenko (L) and Chairman Le Hoang Quan (Source: VNA)
HCM City (VNA) – Saint Petersburg ಞfirms are wil🧸ling to partner with Ho Chi Minh City in trade, foodstuff, traditional medicine, information technology, clean water supply and wastewater treatment.
Visiting Governor Georgy Poltavchenko made the statement during his meeting with Chairman of the municipal People’s Committee Le Hoang Quan on December 8.
Poltavchenko said both sides will launch more education-culture connections following meetings during the visit, adding that Saint Petersburg wants to work with Ho Chi Minh City in the fields of tourism and transport infrastructure.
He suggested establishing a working group to realise the initiative in mid-2016.
Quan, for his part, said the visit is concurrent with the 10 th anniversary of the signing of a cooperation agreement between Ho Chi Minh City and Saint Petersburg (December 9).
He pledged all possible support to bilateral economic affiliations to match political ties between the two countries and localities.
The host informed his guest that the Saigontourist company and Saigon Trading company will invest in tourism and trade in Russia in the foreseeable future.
Russia is current investing in 21 projects topping 30 million USD in Ho Chi Minh City.
In January-August, the southern metropolis welcomed around 50,000 Russian visitors and its two-way trade with Russia surpassed 200 million USD./.
Minister of Health Nguyen Thi Kim Tien has held talks with Anna Popova, head of Russia's Rospotrebnadzor to discuss measures to step up healthcare links between the two agencies.
Vietnam and Russia convened their eighth annual strategic dialogue in Saint Petersburg on September 28, discussing bilateral ties and regional and global issues of shared concern.
Businesses from Ho Chi Minh City and Russia’s Saint Petersburg have been urged to take the lead in seizing opportunities opened up by a range of free trade agreements.
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.
Governor Georgy Poltavchenko (L) and Chairman Le Hoang Quan (Source: VNA)
