The long term cooperation and the highly mutual trust between Vietnam and Russia allow the two nations’ oil and gas companies to strengthen cooperative ties.
Oil crude exploration system in White Tiger Mine in Vietsovpetro. (Source: VNA)
Moscow (VNA) – The long term cooperation and the highly mutual trust between Vietnam and R♉ussia allow the two nations’ oil and gas companies to strengthen cooperative ties, the Russian News Agency Ria Novosti quoted Foreign Ministry Spokeperson Maria Zakharova as saying on March 11.
She made the statement after the Rosneft Vietnam Company, an affiliate of Russia’s Rosneft Group, started exploratory drilling offshore Vietnam’s coast early this month.
Zakharova highlighted the many years of cooperation in fuel and energy between Vietnam and Russia as one of the pillars in their strategic and comprehensive partnership, which is becoming more intensive.
The two Governments have always paid due attention to collaboration in this field through the meetings of the Vietnam-Russia Inter-Government Committee on economics, trade, science and technology with the latest conference held during November-December 2015 in Hanoi, she added.
Russia has recently seen stable growth in its oil and gas exports to the Asia-Pacific region, especially last year, according to the Spokeperson.-VNA
Russian Ambassador Konstantin Vnukov convened a press conference in Hanoi on December 28 to review Vietnam –Russia ties for 2015 when the 65th anniversary of bilateral diplomatic ties were celebrated.
The Vietnam-Russia Joint Venture Vietsovpetro will exploit an additional 23 oil wells and make upgrade to nine others as part of the efforts to ensure safe exploiting activities and fulfill set plan.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
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.
Oil crude exploration system in White Tiger Mine in Vietsovpetro. (Source: VNA)
