The Vietnam Chamber of Commerce and Industry held a meeting for Vietnamese and Russian businesses in Hanoi on March 14 to exchange cooperation opportunities in numerous fields.
Hanoi (VNA) – The Vietnam Chamber ofCommerce and Industry held a meeting for Vietnamese and Russian businesses inHanoi on March 14 to exchange cooperation opportunities in numerous fields.
Vice Chairman of the VCCI Hoang Quang Phong saidVietnam and Russia boast long-standing economic and trade relations.
Vietnam wants to cooperate with Russia in suchareas as energy, infrastructure development, oil and gas, and mechanicalindustry, he said.
Vietnam will create favourable conditions for andshare relevant information with Russian firms to carry out specific projects inthe Southeast Asian country, he added.
Vietnam is a large market with over 90 millionconsumers and has political stability.
The country welcomes cooperation activities andinvestment from Russia, he added.
In 2018, two-way trade reached 4.57 billion USD.The two countries are aiming for 10 billion USD in bilateral trade by 2020.
Vietnam mainly imports machinery, industrialequipment, iron, and steel from Russia; while exporting rice, coffee, andseafood to the market.
Vietnamese firms have been implementinginvestment projects in Russia in the fields of telecommunications, oil and gasexploitation, construction, operation of trade centres, and milk processing,which have reaped encouraging outcomes. –VNA
Minister and Chairman of the Government Office Mai Tien Dung had a working session with a delegation of Russian experts and firms in Hanoi on February 18 to discuss building e-government and ensuring the safety of cyber information.
Sen. Lieut. Gen. Phan Van Giang, Chief of the General Staff of the Vietnam People’s Army, received Colonel General V.B. Zarudnitsky, Chief of the Military Academy of the Russian Federation Armed Forces’ General Staff, in Hanoi on February 18.
Russian military experts have shared their memories of their time working in Vietnam during the war in the sixth volume of a Russian-language book which tells the stories of those who defended the country far from their homeland, which was introduced at an event in Moscow on February 19.
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.
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.
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.
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.
At the meeting (Photo: VNA)
