CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment / News
Vietnamese firms investing 2.4 billion USD in Russia
22:37, 2015/11/03
Vietnam invested a total of 2.4 billion USD in 18 projects in Russia by end-September, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
The key projects included one by the Vietnam National Oil and Gas Group (PetroVietnam) to develop the Rusvietpetro Joint Venture Company with a total investment of 2.02 billion USD to explore and exploit oil and gas in Russia.
PetroVietnam had also invested a total of 125 million USD in another oil exploitation project in Russia.
Another large project by a Vietnamese investor in Russia involved building the Hanoi Moscow Trading Centre, with a total investment of 190 million USD.
 
Hanoi - Moscow Culture, Trading, and Hotel Centre. (Source: VNA)
Hanoi - Moscow Culture, Trading, and Hotel Centre. (Source: VNA)
Meanwhile, the agency reported by the end of September that Russian investors had registered to invest 1.96 billion USD in 114 projects in Vietnam. Russia has ranked 17th on the list of 105 nations and territories investing in Vietnam.
Russia has made its largest investment in the processing and manufacturing sector, with 1.13 billion USD, accounting for 58 percent of its total investment in the country, distributed amongst 37 projects.
Two other sectors receiving large Russian investments were mining and real estate, with capital of 581.2 million USD and 72.7 million USD respectively.
Some large Russian-invested projects included the Bus Industrial Centre Company, with total capital of 1 billion USD; the building of a factory for producing and assembling parts for buses in Binh Dinh province; and a project to exploit oil and gas, with capital of 328 million USD.
Comments
Other news
12:17, 2025/02/25
Vietnam eyes top 3 in investment environment in ASEAN next 2 years: Party Chief
A key objective is to trim off at least 30% of administrative procedures and cut both business costs and unofficial fees.
18:03, 2025/02/22
Vietnam attracts South Korean tech investment at SEMICON Korea 2025
The event provided a platform for Vietnam to showcase its semiconductor potential and reaffirm its commitment to developing high-tech industries and strengthening international cooperation.
16:46, 2025/02/20
Swedish group plans US$1 billion investment in Binh Dinh recycling plant
By creating a large number of jobs and promoting a green economy, the initiative is important in establishing Vietnam as a global hub for the circular textile sector.
10:52, 2025/02/13
Samsung plans to invest in AI, semiconductors in Vietnam
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.
17:20, 2025/02/07
Vietnam's data center construction costs among the lowest in Asia Pacific
The country has a lot of potential to become one of the most important data markets in the region.
21:05, 2025/02/03
Bright prospects for FDI inflows into Vietnam in 2025
Market size, growth potential, low labor costs, and stable political and social conditions continue to be Vietnam’s selling points in attracting foreign investors.