SCIC promotes investment ties with Russian partners
A delegation from Vietnam’s State Capital Investment Corporation (SCIC) and about 30 Russian businesses participated in a workshop in Russia on March 29 to study investment opportunities.
Moscow (VNA) – A de🦩legation from Vietnam’s State Capital Investment Corporation (SCIC) and about 30 Russian businesses participated in a workshop in Russia on March 29 to study investment opportunities in the respective countries.
The workshop formed part of activities of the SCIC delegation during its visit to Russia from March 27-30, with the aim of promoting investment activities between the two countries.
In his opening remarks, SCIC General Director Lai Van Dao expressed his hope that the trip will help step up investment ties between Vietnamese and Russian businesses.
Such collaboration will assist the corporation in restructuring the investment of State capital, directing resources to key economic sectors.
Anikiev Archom from the Russian Ministry of Economic Development introduced his country’s investment opportunities and climate, as well as preferential policies to attract foreign investors, including those from Vietnam – an important partner of Russia and a gateway for the country to access other Asia-Pacific nations.
On March 28, Dao and Riccardo Orcel, Deputy CEO of VTB Group signed a memorandum of understanding on information and experience exchanges between SCIC and the leading Russian bank.
Since its inception more than 10 years ago, SCIC has taken over State capital ownership in nearly 1,000 companies, totalling 8.72 trillion VND (392.4 million USD).-VNA
Russian Prime Minister Dmitry Medvedev advocated for expanding bilateral cooperation beyond oil & gas and energy during the Vietnam-Russia business forum held in Ho Chi Minh City on April 7.
The Communist Party of the Russian Federation (CPRF) continually backs the Russian President and government’s initiatives to develop ties with Vietnam, its President Gennady Zyuganov told President Truong Tan Sang in Moscow on May 8.
Russia was the 17th largest investor in Vietnam as of late June with 107 projects worth nearly 2 billion USD, as heard at a September 23 press conference in Hanoi on bilateral economic and trade ties.
Vietnam invested a total of 2.4 billion USD in 18 projects in Russia by end-September, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
A Russia – Malaysia business council was established on March 15 with a view to strengthening collaboration in economy, science, technology and culture.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
Overview of the workshop (Source: VNA)
