Vietnam – Russia potential engagement in automobile industry on media’s radar
A recent online meeting between Vietnamese Deputy Prime Minister Trinh Dinh Dung and his Russian counterpart Dmitry Chernyshenko has aroused the Russian media’s interest in the country’s potential automobile cooperation with Vietnam and the possibility of bringing Russian cars to the ASEAN market through the Southeast Asian nation.
Russian media has expressed interest in the country’s potential automobile cooperation with Vietnam (Photo: VNA)
Moscow (VNA) – A recent online meeting betweenVietnamese Deputy Prime Minister Trinh Dinh Dung and his Russian counterpart DmitryChernyshenko has aroused the Russian media’s interest in the country’spotential automobile cooperation with Vietnam and the possibility of bringingRussian cars to the ASEAN market through the Southeast Asian nation.
An article published on Russia’s newspaper Independence on November12 projected Russian cars assembled in Vietnam are likely to be available inSoutheast Asian markets.
It noted that Russia is attentive to cooperation in theautomobile industry with Vietnamese partners, as it enables the establishmentof a centre for car production and export targeting customers in ASEAN memberstates.
The article revealed that in their meeting, the two officials,who also co-chair the nations’ inter-governmental committee on economy, trade,and science-technology, discussed the establishment of car assembling jointventures in Vietnam.
Echoing the view, another article posted on the Russian“customs forum” news site also highlighted the country’s attention to settingup these joint ventures and the centre.
The matters were also covered on the Russian Governmentportal, TASS Russian News Agency, and several other new sites./.
Defence Minister General Ngo Xuan Lich held phone talks with his Russian counterpart General Sergey Shoigu on October 30, during which they reviewed defence cooperation results over the past time and set forth future orientations.
Prime Minister Nguyen Xuan Phuc received Russian Ambassador to Vietnam Konstantin Vnukov and Chairman of the Russian gas group Novatek Leonid Mikhelson in Hanoi on November 6.
As Vietnam is serving as ASEAN Chair in 2020, many Russian experts have their belief in the Southeast Asian nation’s activeness in promoting ASEAN-Russia cooperative relations.
The Central Highlands province of Dak Lak held a teleconference with Russia’s Saint Petersburg city, Leningrad Oblast and Vologda Oblast on November 10 to discuss potential cooperation.
Vietnam and Russia should take measures to soon lift the annual bilateral trade to 10 billion USD, Prime Minister Nguyen Xuan Phuc said during his reception in Hanoi for Russia Ambassador to Vietnam Konstantin Vnukov on November 11.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
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.
Russian media has expressed interest in the country’s potential automobile cooperation with Vietnam (Photo: VNA) 
