Russian expert: Vietnam attractive to foreign investors
A Russian expert on Asia-Pacific and the ASEAN from the Russian Institute for Strategic Studies has hailed Vietnam as an attractive market for investors and a highly competitive economy.
Moscow (VNA) – A Russian expert on Asia-Pacific and the ASEAN from the Russian Institute for Strategic Studies has hail﷽eཧd Vietnam as an attractive market for investors and a highly competitive economy.
In a recent interview granted to Vietnam News Agency, Maria Stanislavovna Zelenkova highlighted Vietnam’s economic achievements with a 6.6 percent growth and expanded economic ties with 200 partner countries around the world.
Vietnam has shifted from agriculture and light industry to heavy industries and science-technology, she said, suggesting that Vietnam should focus on new technologies and new economic sectors, including nuclear energy.
As Russia has the world’s leading technology in nuclear energy, Stanislavovna said Vietnam should firmly believe in Russia’s support in the field, including in human resources training.
She expressed her belief that nuclear energy would become an important factor in the Vietnamese economy.
Regarding investment, the Russian expert said Vietnam appeals to foreign investors thanks to its skilled workforce and the State’s suitable policies on investment, real estate and business incentives.
Commenting on the prospects of the Vietnam-Eurasian Economic Union free trade agreement that took effect on October 5, she said the deal would bring a lot of benefits to Vietnam.
Thanks to considerable economic growth, Vietnam could join the deal not only as a key member but also an investor able to compete with other countries, she said, adding that Vietnamese firms should do their best to enter EAEU market as an investor.-VNA
Greater efforts at a national level are needed to create a new wave of investments in Vietnam, Vuong Dinh Hue, Head of the Party Central Committee's Economic Commission, said.
Economic experts said Vietnamese enterprises need to further promote the country’s advantages and strengths in the coming time, aiming to fully integrate into global economy.
The Vietnamese economy will remain stable in 2016 with a growth rate of 6.7 percent, followed by a modest slowing of growth to 6.5 percent in 2017, according to the Asian Development Bank (ADB).
International integration and engagement in new-generation free trade agreements (FTAs) have opened up a fresh development space for the Vietnamese economy, President Tran Dai Quang has said.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Illustrative image (Source: VNA)
