Deputy PM pledges support to Russian oil companies
Deputy Prime Minister Trinh Dinh Dung has pledged all possible support to investors working in oil and gas, including Zarubezhneft and other Russian companies.
At the Vietnamese Entrepreneurs’ Forum in Russia themed “Prospect of Vietnam-Russia Cooperation in the context of Vietnam-Eurasian Free Trade Agreement". (Photo: VNA)
Moscow (VNA)𒁏 – Deputy Prime Minister Trinh Dinh Dung has pledged all possible support to investors working in oil and gas, including Zarubezhneft and other Russian companies.
During a working session in Moscow on September 19 with Zarubezhneft – one of Russia’s largest oil companies and a long-standing strategic partner of the Vietnam National Oil and Gas (PetroVietnam), Dung hailed expansive cooperation between Zarubezhneft and PetroVietnam over the past years, evidenced by the good performance of the Vietsovpetro and Rusvietpetro joint ventures.
He welcomed the signing of an inter-governmental agreement on continued cooperation within the Rusvietpetro framework, and a protocol on supplementing an inter-governmental agreement on continuing collaboration within the Vietsovpetro framework.
On September 18, Dung delivered a speech to the Vietnamese Entrepreneurs’ Forum in Russia themed “Prospect of Vietnam-Russia Cooperation in the context of Vietnam-Eurasian Free Trade Agreement”, saying that the reduction of half of tariffs to zero percent and trade facilitation terms would open up chances for Vietnam and member states to promote trade, investment and services.
A key message that the Deputy PM sent to the Vietnamese community abroad and in Russia in particular is forming close partnerships with partners at home to generate a collective power, which he said, is a key to tapping to the fullest free trade agreements signed by Vietnam.
The government will be responsible for clearing hindrances along the way, he pledged.
On September 17, the Deputy PM laid a floral tribute at Ho Chi Minh memorial at a square named after him in Moscow.-VNA
Dang Hoang Hai, Head of the Ministry of Industry and Trade’s European Market Department talked about opportunities and challenges the EAEU FTA would bring to Vietnam's seafood.
Officials of Hanoi and Moscow are calling on enterprises from the two cities to seize the opportunities expected to be brought by upcoming enforcement of the free trade agreement.
A business forum was held in Moscow on September 18 to promote cooperation between Vietnam and Russia when the Vietnam – Eurasian Economic Union free trade agreement comes into effect on October.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
At the Vietnamese Entrepreneurs’ Forum in Russia themed “Prospect of Vietnam-Russia Cooperation in the context of Vietnam-Eurasian Free Trade Agreement". (Photo: VNA)
