Vietnam facilitates trade with Russian firms: Deputy PM
The Vietnamese Government always endorses and creates favourable conditions for Vietnamese and Russian enterprises to boost cooperation, Deputy Prime Minister Trinh Dinh Dung said on December 11.
Deputy Prime Minister Trinh Dinh Dung (R) shakes hands with Russian Ambassador to Vietnam Konstantin Vukov. (Photo: VNA)
Hanoi (VNA) – The Vietnamese Government always endorses and createsfavourable conditions for Vietnamese and Russian enterprises to boostcooperation, Deputy Prime Minister Trinh Dinh Dung said on December 11.
Receiving Russian Ambassador to Vietnam Konstantin Vukov, Deputy PM Dungexpressed his hope that a multitude of business and trade initiatives will becarried out between the two sides, helping develop the Vietnam – RussiaComprehensive Strategic Partnership in a deeper and more effective manner.
He said he rejoiced at the fruitful partnership, particularly in the fields ofeconomy, trade and investment.
Vietnam has become the largest trade partner of Russia in the ASEAN bloc astwo-way trade reached 4.5 billion USD in 2018, up 30 percent from the previousyear, he said, adding that a wide range of activities have been held during theVietnam Year in Russia and the Russia Year in Vietnam during 2019 – 2020.
In a bid to make the bilateral cooperation develop on par with the potential ofthe two nations, the two governments and competent ministries and sectors ofboth sides need to take drastic measures to remove non-tariff barriers forimports and exports, especially agricultural products, seafood, garment andtextile, and footwear, Dung said.
Besides, they should work together to ensure the effective implementation ofthe minute of the 22nd session of the Inter-governmental Committeefor Economic – Commercial and Scientific – Technological Cooperation, as wellas agreements reached between high-level leaders of both countries.
The Russian diplomat, for his part, spoke highly of the visits to Russia byVietnamese high-level leaders, including those by PM Nguyen Xuan Phuc andChairwoman of the National Assembly Nguyen Thi Kim Ngan.
He affirmed that he will do his utmost to boost the bilateral cooperative ties,particularly in economy – trade – investment.
Many Russian investors have been impressed by Vietnam’s sound investmentclimate, he said, highlighting both sides hold huge potential to expandcooperation and investment in the fields of oil and gas, liquefied gas andelectrification, among others./.
First Deputy Chairman of the State Duma of Russia Ivan Ivanovich Melnikov has voiced his hope that the upcoming trip by Vietnam’s National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan will give a new impulse to parliamentary cooperation, thus helping bolster the countries’ comprehensive strategic partnership.
National Assembly Chairwoman Nguyen Thi Kim Ngan arrived in Kazan city, the Republic of Tatarstan, on December 8 afternoon, beginning her official visit to Russia at the invitation of at Chairwoman of the Federation Council V. Matviyenko and Chairman of the State Duma of Russia V. Volodin.
The Kim Dong Publishing House has released a pictorial book series written by Russian authors to mark the Vietnam-Russia Friendship Year and the Russia-Vietnam Friendship Year in 2019.
Chairwoman of the National Assembly Nguyen Thi Kim Ngan held talks with Chairwoman of the Russian Federation Council Valentina Matviyenko in Moscow on December 10.
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.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
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.