The meeting on March 13 aims to boost partnerships between Vietnamese and Russian SMEs (Photo: VNA)
Moscow (VNA) – A meeting was held in Moscow onMarch 13 to enhance ties between small- and medium-sized enterprises (SMEs) ofVietnam and Russia.
Opening the meeting, Vice President of the AllRussia Business Association “Delovaya Rossiya” Nonna Kagramanian said the eventwas motivated by Russian entrepreneurs’ interest in partnerships with Vietnam.It was part of the Vietnam Year in Russia 2019 – a good time for both sides tointensify business links, launch SME projects and develop joint production tocreate added value chains.
She noted that an important goal of herorganisation is to expand cooperation with businesspersons in Southeast Asia,with Vietnam a key target.
Vietnamese Ambassador to Russia Ngo Duc Manhexpressed his belief that cooperation between the two SME communities will helpachieve the bilateral trade target of 10 billion USD in 2020.
He welcomed partnerships between SMEs andefforts to create new development drivers this year, affirming thatbusiness-to-business meetings will be held more frequently in the twocountries.
At the event, Commercial Counsellor of theVietnamese Embassy in Russia Duong Hoang Minh gave an overview of Vietnam’seconomy and bilateral economic connections.
Russia now ranks 24th among Vietnam’s tradepartners with bilateral trade approximating 6 billion USD, impressive but belowthe two sides potential.
He noted although boosting partnerships betweenVietnamese and Russian SMEs is a new and promising move, they still lackinformation about each other. Therefore, the bridging role of representativeeconomic and commercial offices and the Vietnam Chamber of Commerce andIndustry is more necessary than ever.
Representatives of about 40 Vietnamese andRussian firms introduced their strengths and demand to partners at the event.Some fields attracting great attention included technology transfer,cooperation in manpower training, developing a digital economy and keeping upwith the Fourth Industrial Revolution.
Founded in 2001, “Delovaya Rossiya” gathers morethan 3,000 companies in various areas in Russia. Its members’ total annualrevenue is estimated at 2.8 trillion rubles (more than 42.8 billion USD).-VNA
As strategic partners, Vietnam and Russia have maintained fruitful political dialogues and effective cooperation in different spheres, Russian Foreign Minister Sergey Lavrov said in an interview to the press ahead of his official trip to Vietnam from February 24-45.
A two-day seminar on international cooperation in a changing world convened in Ho Chi Minh City on February 25 as part of the Vietnam Year in Russia and the Russia Year in Vietnam in 2019 programme.
Representatives of Vietnam’s labour sector met with Russian partners last week to kick off the first round of negotiations for sending Vietnamese labourers to work in Russia.
The Vietnam-Russia oil and gas joint venture Vietsovpetro held a ceremony in the southern province of Ba Ria-Vung Tau on March 8 to welcome the first flow of oil it pumped up from Ca Tam field.
The Vietnamese language teaching and Vietnamese studies have made significant contributions to the traditional friendship between Vietnam and Russia, heard a forum held by the Vietnamese Embassy in Russia on March 12.
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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
The meeting on March 13 aims to boost partnerships between Vietnamese and Russian SMEs (Photo: VNA) 
