Vietnam, Russia discuss prioritised investment projects amid COVID-19
Vietnamese Deputy Minister of Industry and Trade Hoang Quoc Vuong and Russian Deputy Minister of Economic Development Vladimir Ilichev co-chaired a teleconference of the Vietnam-Russia Senior Working Group on prioritised investment projects on August 31.
The Russian delegation at the event (Photo: Russia's Ministry of Economic Development)
Moscow (VNA) -🧜 VietnameseDeputy Minister of Industry and Trade Hoang Quoc Vuong and Russian DeputyMinister of Economic Development Vladimir Ilichev co-chaired a teleconference ofthe Vietnam-Russia Senior Working Group on prioritised investment projects onAugust 31.
The two sides discussed the implementationof joint investment projects in the priority list, including the constructionof a centre for nuclear science and technology in Vietnam, the establishment ofauto manufacturing joint ventures and Russian firms’ participation ine-government development in the country. They also touched upon cooperationprospects in new fields and the possibility of carrying out approved projects. The Russian side put forward ideas relatedto projects in waste treatment, digital technology and pharmaceutical chemistry,public security, electrical energy and power lines. Ilichev also called for Vietnam’s supportfor the initiatives to arrange an online Mathematical Olympiad for students BRICSnations, which is set to be launched on Russia’s Uchi.ru education platform. Vietnamese students have taken part in theevent since April, according to the Ministry of Economic Development of Russia. At the event, delegates also discussedcooperation in curbing the spread of SARS-CoV-2 that causes COVID-19,particularly the supply and production of Russia’s vaccine against COVID-19 inVietnam. Data from Russian authorities showed thatdespite the pandemic, two-way trade rose 4.7 percent to 2.3 billion USD in thefirst half of 2020. Russia’s exports to Vietnam surged 43 percent to 682million USD, primarily foodstuff, machinery and metal. The Vietnam-Russia Senior Working Group onprioritised investment projects was set up in accordance with a joint statementsigned in 2012 during Russian Prime Minister Dmitry Medvedev’s official visitto Vietnam./.
Vietnam today is a modern state with a fast-growing economy, an active participant in various regional and international associations, and currently a non-permanent member of the UN Security Council and the ASEAN Chair, spokeswoman for the Ministry of Foreign Affairs of Russia Maria Zakharova has affirmed.
Economic ministers from ASEAN member countries, Australia, China, India, Japan, the Republic of Korea, New Zealand, Russia and the US held met virtually on August 28 for the eighth meeting (EAS EMM) as part of the 52nd meeting of the 52nd ASEAN Economic Ministers (AEM-52) and relevant meetings.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
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.
The Russian delegation at the event (Photo: Russia's Ministry of Economic Development) 
