Russia’s Far East potential destination for Vietnamese firms: official

There is ample room to promote trade between Vietnam and Russia’s Far East, head of the Vietnam Trade Office Branch in the Far East region Nguyen Hong Thanh has said in an interview with the Vietnam News Agency (VNA).

In the last ten years, bilateral trade between Vietnam and the Far East has grown significantly, from less than 60 million USD in 2015 to nearly 300 million USD in 2023.

Regarding economic and investment cooperation, Vietnam’s TH True Milk Group is building a grass growing farm and a milk processing plant in Yakovlev district in Primorie. With a total investment of up to 270 million USD, it is a symbol of economic and investment cooperation between the two sides.

The official hoped that the visit to Vietnam by Russian President Vladimir Putin will open connection channels on information between the two sides' enterprises, and more Vietnamese businesses will see the Far East as a potential investment destination and expand their operations in Russia and the Asia-Pacific region./.