Russia was the 17^th largest investor in Viet Nam as of late June with 107 projects worth nearly 2 billion USD, as heard at a September 23 press conference in Ha Noi on bilateral economic and trade cooperation.

Russian investors were active in 13 of Viet Nam’s 21 economic sectors and in 24 cities and provinces nationwide, predominantly in processing and engineering with 35 projects.

In the foreseeable future, Viet Nam 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 Viet Nam Maxim Golikov said Viet Nam is a major partner of Russia among the Southeast Asian nations.  Last year, Viet Nam was Russia’s third largest ASEAN trade partner, making up 26% of the total ASEAN exports to the Eurasian nation.

Large-scale Russian projects in Viet Nam are currently run by Power Machines, Rosatom, Rosneft, Zarubezhneft and Inter RAO, among others.

(Source: VNA)