At least 20 Moscow companies working in the fields of medicine, information technology, food, construction, machinery and equipment introduced their products to Vietnamese partners in an online business matching event.
Foreign investors have poured 15.27 billion USD of investment in Vietnam so far this year, equivalent to 97.4 percent of the amount recorded in the same period last year.
More than 100 Vietnamese companies took part in an online business matching event with entrepreneurs from Moscow, Russia, on July 20.
The event was organised by the Moscow Export Center with the support of the Ministry of Industry and Trade of the Russian Federation and the trade mission of Russia in Vietnam.
Businesses in Moscow are interested in penetrating the markets of Southeast Asian countries and are looking for opportunities to develop business relationships with Vietnamese partners.
During the event, 20 Moscow companies working in the fields of medicine, information technology, food, construction, machinery and equipment introduced their products to Vietnamese partners, according to Vietnam News Agency.
The Russian trade mission in Vietnam noted positive growth in trade between the two countries.
The trade office identifies a number of promising industries for Russian exports to Vietnam including timber products, pharmaceuticals, meat, dairy and fish products, grain, flour and other food products.
Russia ranked first in terms of exports of pork to Vietnam in the first half of this year with 52,600 tonnes, worth 103.4 million USD.
The parties of the two countries agreed on the veterinary certificates for beef, chicken and offal, as well as pork, fish and dairy products.
In the near future, Vietnam will approve a number of enterprises producing seafood from Russian far eastern regions.
The trade office will work closely with the authorised bodies of two countries in matters of certification of Russian companies exporting their products to Vietnam.
Business matching participants will be able to hold business-to-business (B2B) meetings with manufacturers to discuss partnership opportunities from July 21 to 23.
Vietnam exported nearly 1.4 billion USD to Russia and imported 845.6 million USD in the first five months of this year. Trade surplus reached 524.9 million USD.
Top Vietnamese items exported to Russia in the five months include phones and components; computers, electronic products and components; textile and garment; shoes; coffee and vegetable and fruit.
Two groups of Russian goods exported to Vietnam worth over 100 million USD are coal of all kinds, reaching 202.6 million USD; and iron and steel of all kinds at 160.3 million USD, according to Vietnam News Agency.
Foreign investors have poured 15.27 billion USD of investment in Vietnam so far this year, equivalent to 97.4 percent of the amount recorded in the same period last year, according to the Ministry of Planning and Investment (MPI).
The ministry reported that as of June 20, 9.55 billion USD had been injected into 804 newly-licenced projects, up 13.2 percent year on year.
Among the 18 sectors attracting FDI, manufacturing-processing lured the highest amount at 6.98 billion USD, accounting for 45.7 percent of the total investment, followed by power production and distribution with 5.34 billion USD, making up nearly 35 percent of the total investment.
Singapore leads the 80 countries and territories investing in Vietnam with investment of 5.64 billion USD, followed by Japan with 2.44 billion USD, and the Republic of Korea with 2.05 billion USD.
According to Ministry of Planning and Investment, As of June 20, the country had hosted 33,787 FDI projects worth 397.89 billion USD totally, of which 241.1 billion USD, or 60 percent, had been disbursed.
The export revenue of the foreign-invested sector has continued to rise at 32.2 percent to 116 billion USD (including crude oil), accounting for 74.1 percent of the country’s total export revenue. The sector’s revenue excluding crude oil reached 115.3 billion USD, up 32.6 percent year on year.
The sector imported 102.6 billion USD worth of goods in the period, up 38.7 percent year on year. As a result, in the first half of this year, it enjoyed a trade surplus of 13.4 billion USD including revenue from crude oil, Ministry of Planning and Investment reported.