Hanoi (VNA) – Vietnamesefirms converged at a business forum in Hanoi on December 7 to learn about thepotential of doing business in the Russian province of Kursk.
Speaking at the event, Chairman ofthe Kursk committee on external relations Grebennikov Vicktor Nikolaevich saidKursk boasts a convenient location and temperate climate suitable forcultivation and animal breeding. The province produces different types of cereals,high-quality meat and dairy products, and develops heavy and light industries,and mining.
Hoang Quang Phong, Vice Chairmanof the Vietnam Chamber of Commerce and Industry (VCCI), said Vietnam-Russia tieshave been strengthened in the pillar fields of trade, investment, oil and gas,and energy. Two-way trade is on the upward trend.
Vietnam has so far invested in 20projects worth 3 billion USD in Russia while Russian businesses have poured2.08 billion USD into 114 projects in Vietnam.
Kursk province and Vietnam couldsupplement each other in the fields of industry, agriculture, food,communications and mining, Phong said.
Tran Kim Oanh, Director of theIndustry and Trade Investment Promotion Centre from the Ministry of Industryand Trade’s Vietnam Trade Promotion Agency, said two-way trade between Vietnamand Kursk hit 2 million USD last year.
According to Oanh, Kursk exportsmechanical products, electrical appliances, chemicals, consumer goods and foodto Vietnam.
The two sides can expand collaborationin industry, nuclear power, agriculture and processing, education - training,and tourism.
A number of Kursk-based firms suchas the Kursk nuclear power plant, Spektr-Pribor, Conti-Rus are interested inexpanding partnership with Vietnam./.
Deputy Prime Minister Trinh Dinh Dung and First Deputy Prime Minister of Russia Igor Shuvalov have discussed measures to boost economic-trade cooperation between Vietnam and Russia.
Russia is a potential market for aquatic and agricultural products and consumer goods from Vietnam, especially when the Vietnam-Eurasian Economic Union (EAEU) Free Trade Agreement took effect.
Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh and Russian Deputy Prime Minister Arkady Dvorkovich agreed that the Vietnam - Russia Comprehensive Strategic Partnership.
Foreign Minister Pham Binh Minh reiterated the Vietnamese Party and leaders’ consistent policy of prioritising strengthening traditional friendship and comprehensive strategic partnership with Russia
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.
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.
Illustrative image (Source: Internet) 
