Russian
investors were active in 13 of Vietnam’s 21 economic sectors and in 24
cities and provinces nationwide, predominantly in processing and
engineering with 35 projects.
The
two nations have facilitated trade promotion via visits, fairs and
exhibitions. From 2012-2014, bilateral economic and trade engagements
thrived in diversified forms, acting Head of the Ministry of Industry
and Trade’s Department for European Market Duong Hoang Minh told the
conference.
In the
foreseeable future, Vietnam and Russia will continue stepping up
projects in the light industry, energy and mining while facilitating
more business forums and exhibitions to bring high-quality Vietnamese
goods to Russia.
Chief
Representative of the Russian Trade Office in Vietnam Maxim Golikov
said Vietnam is a major partner of Russia among the Southeast Asian
nations. Last year, Vietnam was Russia’s third largest ASEAN trade
partner, making up 26 percent of the total ASEAN exports to the Eurasian
nation.
In the first half of this year, Vietnam’s trade surplus with Russia topped 120 million USD.
Golikov added that Russia plans to increase its financial assistance for strategic partners, including Vietnam.
Large-scale
Russian projects in Vietnam are currently run by Power Machines,
Rosatom, Rosneft, Zarubezhneft and Inter RAO, among others.
Apart
from oil and gas, nuclear and thermo-power energy cooperation, the two
countries are due to strengthen collaboration across the automobile,
aviation, machinery, foodstuff, aquaculture, and apparel and footwear
sectors.
Russian
firms have also assisted Vietnam in personnel training, education,
science, healthcare, sports and humanitarian activities through private
or public-private partnership models.
According
to the Federal Customs Service of Russia, trade between the two nations
last year surpassed 3.74 billion USD, up 94 percent from 2013. During
the year, Russia mostly imported machinery (47 percent), apparel and
footwear (25 percent), foodstuff and farm produce materials from Vietnam
and exported machinery (65 percent), metal and metal products,
fertiliser and oil and gas./.
Russia – 17th largest investor in Vietnam
TCCT
Russia was the 17 th largest investor in Vietnam as of late June with 107 projects worth nearly 2 billion USD, as heard at a September 23 press conference in Hanoi on bilateral economic and trade coop