Deputy PM hails Gazprom’s investment expansion plans in Vietnam
Deputy Prime Minister Trinh Dinh Dung has called on Russian gas group Gazprom to continue its close coordination with Vietnamese ministries, agencies, and partners in scientific and technological application and administrative reform in order to reduce costs and improve its investment efficiency.
Deputy Prime Minister Trinh Dinh Dung (right) and Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee (Photo: VNA)
Hanoi (VNA) –Deputy Prime Minister Trinh Dinh Dung has called on Russian gas group Gazpromto continue its close coordination with Vietnamese ministries, agencies, and partnersin scientific and technological application and administrative reform in orderto reduce costs and improve its investment efficiency.
While hosting a reception in Hanoi on March 14 for Vitaly Markelov, Deputy Chairmanof the Gazprom Management Committee, Dung hailed the group’s investmentprojects in Vietnam.
He highlighted the fruitful development of the traditional relations,friendship, and strategic partnership between Vietnam and Russia in all fields,particularly in economy, trade, and investment.
Vietnam and Russia havemaintained the operation of the inter-governmental committee for cooperation ineconomy-trade and science-technology with a deputy prime minister as the headof each sub-committee and meetings held annually, he said.
Russia now ranks 23rdamong foreign investors in Vietnam, with 116 projects mainly focused on oil andgas, industry, manufacturing, mining, transport, and telecommunications, Dungsaid, noting that Vietnam is running 22 projects in Russia with total investmentof nearly 3 billion USD.
For his part, Markelovstressed that cooperation projects in Vietnam have significantly contributed toGazprom’s development.
Gazprom is partneringwith the Vietnam Oil and Gas Group (PetroVietnam) and other Vietnamese partnersto implement oil and gas projects, he said, adding that the Russian group wantsto carry out new investment projects in Vietnam in the spheres of oil and gasexploration, exploitation, transportation, processing, and marketing.
Having applauded Gazprom’sinvestment expansion plans, Dung asked the Ministry of Industry and Trade andPetroVietnam to closely coordinate with Gazprom and create conditions for itsprojects in Vietnam.–VNA
Chairman of the Member Council of the Vietnam Oil and Gas Group (PetroVietnam) Tran Sy Thanh and Chairman of the Management Committee of Russian gas group Gazprom Alexey Miller discussed a broad array of future cooperation fields at their recent working session in Moscow.
General Secretary of the Communist Party of Vietnam (CPV)’s Central Committee Nguyen Phu Trong and Russian President Vladimir Putin witnessed the signing of many cooperation agreements on September 6, within the framework of the former’s ongoing visit to Russia.
Vietnam will create the best conditions for Russian firms to operate or expand their operation in Vietnam, General Secretary of Communist Party of Vietnam Central Committee Nguyen Phu Trong stated on September 7.
Since the Vietnamese Government and Italian contractor AGIP signed the first production sharing contract in 1978, foreign direct investment (FDI) in the oil and gas sector has not only brought large revenue to the country but also laid important foundations for the sector to develop strongly.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Deputy Prime Minister Trinh Dinh Dung (right) and Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee (Photo: VNA) 
