Unlocking Russian Market Opportunities for Vietnamese Businesses: Exploring Sectors for Cooperation and Growth

Russia seeks collaboration with Vietnamese businesses in tourism and fashion

During a recent meeting at the Eastern Economic Forum (EEF) in Ho Chi Minh City, Mr. Alexander Stuglev, Chairman of the Board of Directors and CEO of the Roscongress Fund, discussed the various opportunities for Vietnamese businesses to engage with Russia. These opportunities include agriculture, tourism, textiles, as well as more traditional fields like energy.

According to Mr. Stuglev, Russia and Vietnam have numerous promising sectors for cooperation, such as energy, transportation, construction, tourism, fashion, and information technology. He emphasized the high demand in Russia for agricultural investments and imports of agricultural products. There is also growth in the tourism industry, infrastructure construction, and garment consumption, all of which present opportunities for Vietnamese businesses.

For example, the Russian fashion market is expected to grow significantly, with substantial potential for Vietnamese textile and garment exports to Russia. In addition, Vietnam-Russia trade turnover reached $3.6 billion last year

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