Against the backdrop of the growing comprehensive strategic partnership between Vietnam and Russia, the promotion and export of Vietnam’s agricultural products not only diversify supply sources for the Russian market but also help enhance the brand values and competitiveness of Vietnamese enterprises in the market that remains untapped.
Vietnamese Ambasador to Russia Dang Minh Khoi (first, left) visits a Vietnamese booth at the 34th WorldFood Moscow. (Photo: VNA)
Moscow (VNA)ꦦ – Sixty-five Vietnamese businesses are showcasing key agricultural products at the 34th WorldFood Moscow, an international food exhibition opened on September 16 at the Crocus Expo Centre in Moscow.
The event brings together over 1,000 enterprises from more than 30 countries and 60 regions of Russia.
Key agricultural products of Vietnam on display include rice, coffee, cashew nuts, pepper, confectionery, fresh fruits, processed fruit items, and various organic foods. Those with international food safety and organic certifications have drawn strong attention at the exhibition.
Russia is a traditional and promising market with rising demand for agricultural imports from Asia. Against the backdrop of the growing comprehensive strategic partnership between Vietnam and Russia, the promotion and export of Vietnam’s agricultural products not only diversify supply sources for the Russian market but also help enhance the brand values and competitiveness of Vietnamese enterprises in the market that remains untapped.
Speaking at the opening of the Vietnamese pavilion, Hoang Minh Chien, Deputy Director of the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade, highlighted the large and diverse Vietnamese presence at the exhibition as a demonstration of businesses' resolve to promote their brands, affirm competitiveness, and integrate further into global supply chains.
He expressed his hope that Vietnamese and Russian enterprises will translate cooperation opportunities into concrete projects and contracts to help elevate economic and trade ties to a new level, adding that the ministry stands ready to provide full support.
For his part, WorldFood Moscow 2025 Director Aleksander Ezhov stressed the long-standing bonds between Russia and Vietnam and welcomed the growing presence of Vietnamese firms, which he said reflects their increasing interest in the Russian market. He voiced his confidence that bilateral economic and trade cooperation will continue to develop in the coming time.
Vietnamese business representatives also expressed optimism about the potential for farm produce from Vietnam to further enter this market. Mai Thi Y Nhi, CEO of My Phuong Food in Da Nang, noted Russia’s steady demand for tropical products – an advantage of Vietnam.
Meanwhile, Nguyen Dac Minh, Chairman of Minh Trung Vietnam Group, emphasised that Vietnam’s participation in such large-scale exhibitions showcases the country’s progress and international integration, proving the capability of its enterprises at global trade forums.
WorldFood Moscow 2025 will run until September 19. With advantages in quality, diversity, and growing competitiveness, Vietnamese agricultural products are expected to win greater favour among Russian consumers, thereby further strengthening bilateral trade ties and affirming Vietnam’s role as a reliable supplier in the global agricultural market./.
Russia attaches importance to advancing the Comprehensive Strategic Partnership with Vietnam, identifying Vietnam as one of its leading partners in the region, said Nikolai Patrushev, Aide to the President of Russia and Chairman of the Maritime Board.
Under the agreement, the two parties will collaborate on research and development, production, clinical trials of new drugs and vaccines, and distribution of Medsintez’s high-quality pharmaceuticals in Vietnam and the ASEAN region.
Politburo member Nguyen Xuan Thang, President of the Ho Chi Minh National Academy of Politics (HCMA) and Chairman of the Central Theory Council, proposed a regular dialogue mechanism between Vietnam’s Central Theory Council and equivalent bodies within the United Russia Party.
International trade is no longer merely an exchange of goods but a strategic lever enabling Vietnamese enterprises to enhance capacity, secure partnerships, and expand globally.
In the first eight months of 2025, Vietnam’s total trade value reached nearly 600 billion USD, up 16.3% year on year. Of this, exports stood at 306 billion USD, a 14.8% increase, already surpassing the full-year target.
Vietnam aims to maintain macroeconomic stability, control inflation below the target, achieve growth of 8.3-8.5%, ensure major economic balances, surpass budget revenue estimates by 25%, and control public debt, government debt, foreign debt, and budget deficit.
Reaffirming Vietnam’s commitment to foreign investors, Finance Minister Nguyen Van Thang said government policies always aim to ensure transparency, fairness and a mutually beneficial environment that promotes innovation and safeguards investor rights, making Vietnam a sustainable and long-term investment destination.
The State Bank of Vietnam must launch an official gold price information portal, study the establishment of gold exchanges, and issue guiding documents to implement the Government’s decree on the management of gold trading activities.
According to the World Bank Group, Vietnam will need approximately 368 billion USD in investment for climate adaptation and carbon reduction projects by 2040. Yet, as of the end of 2024, green credit accounted for just 4.5% of the country’s total outstanding loans.
Amidst robust digital transformation across all sectors, the food processing industry has tapped such digital technologies as Internet of Things, AI, blockchain and Big Data to optimise production process, control supply chain, and meet consumers’ demands.
The French side pledged to share technical guidelines and safety standards, with the Institute for Radiological Protection and Nuclear Safety (IRSN) ready to provide training for Vietnamese specialists.
Vietnam now has more than 940,000 private enterprises and over 5 million household businesses, contributing approximately 50% of GDP, over 30% of state budget revenue, and employing 82% of the national workforce.
Businesses underlined the need for expanding green credit and non-collateral concessional loans for circular agriculture projects, facilitating their participation in national key projects, and fostering alliances among Vietnamese enterprises as well as cooperation with regional partners.
State-owned Vietcombank currently leads the banking system with total assets exceeding 85 billion USD and a market capitalisation of over 20 billion USD, while maintaining strong financial safety indicators. Its non-performing loan ratio remains the lowest in the sector at 0.97%.
Malaysia is Vietnam’s third-largest trading partner in ASEAN and ninth globally, as well as a key investor with 731 valid projects worth about 13 billion USD. Bilateral trade reached 9.23 billion USD by July 2025, up 8% year-on-year, nearing the 18 billion USD target.
Finance Minister Nguyen Van Thang noted that free trade agreements such as the UK–Vietnam Free Trade Agreement (UKVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have expanded opportunities for businesses in both countries.
Lotte Shopping currently operates three department stores and 16 supermarkets in Vietnam, alongside one department store and 48 supermarkets in Indonesia. The company highlighted the success of its flagship Lotte Mall West Lake Hanoi, which opened in 2023, describing it as a model for future premium complexes. Kim said the group intends to replicate this concept in other major Vietnamese cities.
In the EU, illegal, unreported and unregulated (IUU) fishing remains a major obstacle to Vietnam's efforts to have the European Commission (EC)'s “yellow card" lifted. The bloc’s dense and constantly changing regulatory framework also affects farming zones, production processes and quality standards.
The Vietnam Private Sector Forum 2025 (VPSF 2025) opened in Hanoi on September 15, packing in over 1,500 entrepreneurs, economists, and international organisations across four thematic sessions to reshape Vietnam’s private sector landscape.
The economic picture in the first eight months of 2025, whether viewed from the overall economy or from a local perspective, is very positive. Major economic centres have recorded extremely impressive growth in the period, the Ministry of Finance stated in its recent report on the socio-economic situation, sent to the Government.
