Ministry of Planning and Investment statistics show Russian investments are mostly focused on processing and manufacturing with 34 projects totaling US$1.1 billion.
The mining industry has attracted 7 projects valued at US$581.2 million, and the real estate industry has lured 3 projects worth US$72.7 million.
 |
Russian businesses have also invested in construction, wholesales, retails, repairs, agriculture, forestry and seafood processing.
Russia has invested in 23 localities, and Binh Dinh province tops the list with 5 projects worth US$1.531 billion, followed by Hanoi with 23 projects capitalized at US$129 million.
Meanwhile, Vietnam has 19 investment projects totaling US$2.47 billion in Russia. The largest is the US$2.02 billion Rusvietpetro joint venture project invested by the Vietnam Oil and Gas Group (PVN) in Nhenhenxky to explore and exploit oil and gas.
The Hanoi-Moscow Commercial Centre Company, with registered capital of US$190 million, is offering entertainment, hotel and office leasing services in Moscow.
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years