Vietnam showcases economic potential, investment opportunities in St. Petersburg

Vietnamese Ambassador to Russia Dang Minh Khoi stressed that economic cooperation between Vietnam and Russia is entering a new phase with promising opportunities for growth. He praised this year’s programme for combining a business roundtable, a youth business forum and traditional cultural and culinary activities, creating both an academic platform for dialogue and an opportunity to deepen mutual understanding between the two countries' people.

“Vietnam Economic Day” in St. Petersburg attracts crowds (Photo: VNA)
“Vietnam Economic Day” in St. Petersburg attracts crowds (Photo: VNA)

Moscow (VNA) – A seminar titled “Vietnam Economic Day” was held on May 18 at the St. Petersburg State University of Economics as part of Vietnam Week in St. Petersburg.

The event was jointly organised by the Embassy of Vietnam in Russia, the St. Petersburg Committee for External Relations, the St. Petersburg State University of Economics, and the “Tradition and Friendship” Fund for Russia-Vietnam cooperation.

Attending the opening ceremony were Vietnamese Ambassador to Russia Dang Minh Khoi; Deputy Secretary of the Hanoi Party Committee and Chairwoman of the municipal People’s Council Phung Thi Hong Ha; Deputy Chairman of the St. Petersburg Legislative Assembly Nikolai Bondarenko; Deputy Chairman of the St. Petersburg Committee for External Relations Vyacheslav Kalganov; and Chairman of the Association of Vietnamese Organisations in Russia Do Xuan Hoang, among others.

Speaking at the event, Khoi stressed that economic cooperation between Vietnam and Russia is entering a new phase with promising opportunities for growth. He praised this year’s programme for combining a business roundtable, a youth business forum and traditional cultural and culinary activities, creating both an academic platform for dialogue and an opportunity to deepen mutual understanding between the two countries' people.

The ambassador noted that cooperation between St. Petersburg and Vietnamese localities has recently emerged as an effective model for expanding local-to-local partnerships. He added that Leningrad Oblast is also seeking to strengthen people-to-people exchanges and economic ties with Vietnamese provinces and cities.

For his part, Vyacheslav Kalganov affirmed that the St. Petersburg Committee for External Relations attaches great importance to strengthening Russia–Vietnam friendship and stands ready to support Vietnamese partners in promoting bilateral cooperation. He highlighted positive results achieved in tourism, healthcare and services, describing the Vietnam Economic Day as a practical platform for direct dialogue and new partnership opportunities.

A key session of the programme, themed “Russia–Vietnam: Economic Cooperation in a New Environment,” featured discussions among academics, business leaders and economic experts on bilateral trade, investment and educational cooperation. Participants exchanged research findings, practical experiences and assessments of emerging opportunities for joint projects.

Speaking to the Vietnam News Agency’s correspondents in Moscow, Dmitry Vasilenko, Vice Rector for International Affairs at St. Petersburg State University of Economics, highlighted the seminar as the university’s first event dedicated to Vietnam’s economy. He noted that discussions extended beyond bilateral cooperation to broader global opportunities, particularly as Vietnam remains one of the world’s fastest-growing economies and an important gateway for Russia to the dynamic ASEAN market.

Vietnam Week in St. Petersburg is scheduled to run through May 24, featuring cultural and language festivals, book fairs and activities marking the 136th birth anniversary of late Vietnamese President Ho Chi Minh (May 19, 1890-2026)./.

VNA

See more

At the working session between Can Tho leaders and representatives of Singaporean businesses. (Photo: VNA)

Can Tho invites Singaporean firms to invest in industry, energy, logistics

Singapore is currently the Mekong Delta city’s largest source of foreign direct investment (FDI), with 12 active projects totalling nearly 320 million USD in registered capital. A flagship project is the Vietnam-Singapore Industrial Park (VSIP) Can Tho, launched in 2022 with an investment of over 3.7 trillion VND (140 million USD) and covering nearly 294 hectares.

Workers process tra fish for exports. (Photo: VNA)

Sustainable transformation needed for Vietnam’s strategic pangasius sector

With continued policy support, technological innovation and close coordination among authorities, businesses and farmers, Vietnam’s pangasius industry is expected to make a strong and sustainable breakthrough during the 2026–2030 period, reinforcing its position as the world’s leading exporter of the fish.

Deputy Prime Minister Nguyen Van Thang speaks at the event. (Photo: baochinhphu.vn)

Deputy PM calls for integrated ASEAN fintech ecosystem

Deputy PM Nguyen Van Thang proposed a shared vision for an ASEAN fintech ecosystem that is open, secure, transparent, inclusive, and sustainable: “Open” to foster connectivity, “Secure” to enable growth, “Transparent” to build trust, “Inclusive” to ensure that no one is left behind, and “Sustainable” to strengthen resilience and support long-term progress.

Vice Chairperson of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) Xian Hui (left) meets with Secretary of Phu Tho provincial Party Commitee Pham Dai Duong on comprehensive cooperation (Photo: VNA)

Phu Tho expands cooperation with Chinese localities

A high-level delegation of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), led by its Vice Chairperson Xian Hui, visited the production facility of BYD Vietnam Co., Ltd. at Phu Ha Industrial Park and held a working session with leaders of Phu Tho province on June 9.

Financial buildings in downtown Ho Chi Minh City along the Saigon River. (Photo: VNA)

Robust dispute resolution framework key to Vietnam’s IFC ambitions

The development strategy for VIFC-HCMC envisions a comprehensive financial ecosystem encompassing green finance, carbon credits, financial technology (fintech), blockchain technology, digital assets, digital banking and other innovative business models. These highly internationalised sectors involve complex cross-border transactions and sophisticated legal structures.

A step in the semiconductor chip manufacturing process. (Photo: VNA)

LG to build first semiconductor substrate plant in Vietnam

LG Innotek, an affiliate of the Republic of Korea's LG Group, has announced a plan to build its first semiconductor substrate plant in Vietnam, marking a significant step in expanding its production capacity and strengthening its semiconductor packaging solutions business.

Minister of Industry and Trade Le Manh Hung, President and Chief Executive Officer of Murphy Oil Eric M. Hambly, and delegates at their meeting on June 8 in Hanoi. (Photo: moit.gov.vn)

Murphy Oil urged to expand investment in Vietnam

Murphy Oil has operated in Vietnam since 2012 and currently participates in and operates many important oil and gas contracts at projects such as Lac Da Vang and Hai Su Vang, which are expected to contribute additional oil and gas supplies, strengthen energy security and support Vietnam’s economic development.

Deputy Prime Minister Nguyen Van Thang (R) receives Krishna Srinivasan, Director of the Asia and Pacific Department at the International Monetary Fund (IMF), in Hanoi on June 8. (Photo: VNA)

Deputy PM receives IMF Asia-Pacific Director

Director of the Asia and Pacific Department at the International Monetary Fund (IMF) Krisha Srinivasan affirmed that the IMF will continue to accompany and support Vietnam in the development of its financial sector, thereby helping to strengthen resilience and promote sustainable growth in the years ahead.

An article on Vietnam's e-commerce boom on Le Monde (Photo: VNA)

Digital economy fuels new growth momentum in Vietnam: French daily

French daily Le Monde recently reported that Vietnam’s e-commerce revenue approached 26 billion EUR (29.6 billion USD) in 2025, jumping 25% from a year earlier on the heels of a 20% gain in 2024. The sector now commands roughly 11% of total retail sales, cementing Vietnam’s status as one of Southeast Asia’s most dynamic markets.

Vietnam Airlines Group offers nearly 2.2 million discounted domestic seats from now until August 16 to meet peak summer travel demand. (Photo: VNA)

Vietnam Airlines Group offers nearly 2.2 million discounted domestic seats

Vietnam Airlines Group, comprising Vietnam Airlines, Pacific Airlines and Vietnam Air Services Company (VASCO), will provide nearly 5.5 million seats on domestic routes from now until August 16 to meet peak summer travel demand, including around 2.2 million seats offered at promotional fares on various routes.

A pepper farm in Gia Lai province (Photo: VNA)

Vietnam’s pepper exports jump 21.7% in volume in five months

May shipments, however, totaled 25,180 tonnes worth 166.2 million USD, down 18.9% by volume and 13.9% by value from April, and 4.8% lower in volume from a year earlier. Major exporters reported declining shipments, underscoring a sector-wide pullback.