Russian businesses optimistic about trade cooperation with Vietnam
A seminar on business relations between Russia and Vietnam was held in the framework of the 7th Eastern Economic Forum (EEF) in Vladivostok city, Russia, during which participants expressed optimism about the prospect for expanding economic cooperation between the two countries.
Prime Minister Pham Minh Chinh delivers a pre-recorded speech at the Eastern Economic Forum (EEF) (Photo: VNA)
Moscow (VNA) – A seminar on business relations between Russia and Vietnam was held in the framework of the 7th Eastern Economic Forum (EEF) in Vladivostok city, Russia, during which participants expressed optimism about the prospect for expanding economic cooperation between the two countries.
Many Russian enterprises have showed their interest in the Vietnamese market, saying that they intend to boost business cooperation with Vietnamese partners.
Erkozha Akylbek, Chairman of Udokan Copper's Board of Directors and General Director of USM JSC which specialises in metallurgy and mining, said that Udokan has planned to sell its products in countries in the Asia-Pacific region such as China, India, and Vietnam.
Meanwhile, Oleg Deripaska, who owns many large Russian companies and also is Chairman of the Board of Directors of the Stolypin Institute for the Economy of Growth, said that Vietnam is one of Russia's important partners in Indo-Pacific, with diverse cooperation fields as energy, oil and gas, manufacturing and agriculture.
This is a great basis for the two sides to develop stronger economic ties in the time to come, he noted.
According to Deripaska, the scale and speed of economic development make Vietnam an attractive market for Russian products. Vietnamese businesses have many opportunities in the Russian market with highly competitive products.
For Vietnam, ensuring a sustainable supply of low-carbon raw materials is critical for its development and achieving net-zero emissions by 2050. Meanwhile, Russia is one of the world's leading suppliers of sustainable raw materials. Therefore, there is a large room for the two countries to expand cooperation.
Participant underlined the necessity to strengthen transport connectivity and simplify administrative procedures in order to make it easier for the exchange of goods between the two countries, thus further bolstering the bilateral economic ties./.
Vietnam has recorded remarkable achievements in many fields in the contemporary world in the recent period, said head of the Eurasian Ideas Foundation (EIF) Grigory Trofimchuk of his recent visit to the Hanoi-Moscow multifunctional complex (Incentra) in the Russian capital city.
A business dialogue between Vietnam and Russia took place in the Russian city of Vladivostok on September 6 within the framework of the ongoing 7th Eastern Economic Forum (EEF).
The connection between the marine freight route between Vietnam and Vladivostok in Russia and a rail route from Vladivostokt to Moscow was launched at a ceremony on September 6.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
Prime Minister Pham Minh Chinh delivers a pre-recorded speech at the Eastern Economic Forum (EEF) (Photo: VNA) 
