Da Nang seeks more cooperation opportunities with Russia
Secretary of Da Nang's Party Committee Nguyen Van Quang expressed his hope for stronger cooperation between the Vietnamese central city and Russia during his reception for Russian Ambassador to Vietnam Bezdetko Gennady Stepanovich on December 21.
Russian Ambassador to Vietnam Bezdetko Gennady Stepanovich (L) presents a gift to Secretary of Da Nang's Party Committee Nguyen Van Quang. (Photo: VNA)
Da Nang (VNA) – Secretary of Da Nang's Party Committee Nguyen Van Quang expressed his hope for stronger cooperationbetween the Vietnamese central city and Russia during his reception for RussianAmbassador to Vietnam Bezdetko Gennady Stepanovich on December 21.
The official briefed the ambassador on the socio-economicdevelopment of Da Nang, which has been projected to be the growth nucleus ofthe central key economic region.
Quang said Da Nang has enhanced foreign relations and internationalcooperation, adding it has established cooperative ties with 47 localities of22 countries and territories worldwide.
The relationship between Vietnam and Russia isdeveloping fruitfully, yet that between Da Nang and Russia remains limited giventhe potential and advantages of the two sides, he pointed out.
He suggested the ambassador pay more attention toinvestment, tourism and trade promotion, encourage investors to seek businessopportunities in Da Nang, and promote cultural and people-to-people exchangesin the time ahead.
Quang also spoke highly of Russian projects in DaNang, and noted his hope that the two sides will continue resolvingdifficulties facing investors.
For his part, Stepanovich lauded Da Nang’s role inVietnam’s socio-economic development, and informed that there will be moreRussian investors coming to the locality in the time ahead, suggesting localleaders facilitate their operations.
Da Nang has set up relations with a number of Russianlocalities like Yaroslavl, Nizhegorod and Briansk. It is now home to 10 FDIinvestment projects by Russia and its partners with total capital of about 3.7million USD, mainly in lodging and catering services, and automobile productionand assembly./.
The Vietnam-Russia Committee on Educational, Scientific and Technological Cooperation convened its fourth meeting in Hanoi on December 1 to review and assess the results of cooperation activities, and outline orientations for the coming time.
Russian oil and gas company Zarubezhneft JSC's cooperation and business projects in the fields of oil and gas, energy in Vietnam have made positive contributions to the special friendship and cooperative ties between Vietnam and Russia.
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.
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.
Russian Ambassador to Vietnam Bezdetko Gennady Stepanovich (L) presents a gift to Secretary of Da Nang's Party Committee Nguyen Van Quang. (Photo: VNA) 
