Moscow (VNA) – The VietnameseEmbassy in Russia on May 15 organised a workshop in Moscow to promote bilateral economicand trade cꦦooperation.
TradeCounselor Duong Hoang Minh said that in 2021, the two countries saw arecord-high two-way trade turnover of 7.1 billion USD. It reduced by half in2022, and the figure in the first four months of this year was 1.01 billionUSD. Minh said that for the two countriesto get a higher bilateral trade revenue, their businesses need to better takeadvantage of potential and opportunities. Acting Director of theDepartment of Multilateral Economic Cooperation and Special Projects of theMinistry of Economic Development of Russia Nikita Kondratiev said that in 2022,bilateral trade faced difficulties, including supplychain disruptions, payment issues, and certain restrictions on investment. However, there were still silver linings of the cloud such as the opening of sea routes by FESCO transport Group from Vietnameseports to Vladivostok port or TransContainer transporting consumer goods fromVietnam to Russia by rail. At the workshop, representatives ofbusinesses raised problems and opportunities as well as proposed measures tostrengthen economic trade cooperation between the two countries. Ambassador Dang Minh Khoi pointed to problems in institutions and mechanisms that hinder the economic and trade activities between the two countries. particularly the issues relating to payment and visa for Vietnamese businessmen to Russia to seek cooperation opportunities./.
The Vietnamese Veterans’ Association in Russia held a ceremony in Moscow on April 30 marking the 48th anniversary of southern liberation and national reunification and the 137th anniversary of International May Day (May 1).
ASEAN member states and Russia reaffirmed commitments to strengthen their strategic partnership at the 19th ASEAN-Russia Senior Officials Meeting (ARSOM) held recently in Siem Reap, Cambodia.
A book festival was held in Moscow on May 1 in response to the Vietnam Book and Reading Culture Day (April 21), giving a chance for the Vietnamese community in Russia to meet, exchange books and promote the reading culture.
The Embassies of Russia and Belarus in Vietnam together held a ceremony in Hanoi on May 4 to celebrate the 78th anniversary of Victory Day over Fascism in the Great Patriotic War (May 9, 1945 – 2023).
The Hanoi chapter of the Vietnam-Russia Friendship Association on May 12 held a workshop on President Ho Chi Minh's revolutionary activities in Russia and at K9 relic site in Hanoi's outlying district of Ba Vi.
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.
At the event (Photo: VNA) 
