The Vietnamese Ministry of Finance, the Ministry of Economic Development of Russian, and the Vietnamese Embassy in Russia co-hosted the Vietnam–Russia Business Forum at noon on May 11 (local time) in Moscow.

The event was attended by General Secretary To Lam, Russian Deputy Prime Minister Dmitry Chernyshenko, other high-level Vietnamese officials, Vietnamese Ambassador to Russia Dang Minh Khoi, representatives from various ministries, agencies, localities, and a large number of Vietnamese and Russian business representatives.

In his remarks, Deputy Prime Minister Chernyshenko emphasized that Russia and Vietnam share a longstanding friendship and immense economic potential. The two countries can cooperate across numerous areas, from innovation and digital solutions in traditional industries to energy and agriculture.
He said the core goal of Russia–Vietnam bilateral cooperation is to develop concrete projects and deliver meaningful two-way investment outcomes. He also called for continued efforts to create favorable conditions for Vietnamese and Russian enterprises to invest in each other’s markets.

General Secretary To Lam congratulated Russia on the successful and solemn Victory Day celebration, describing it as a historically significant event for humankind.

He shared that at his meetings with Russian leaders, both sides reaffirmed their commitment to revitalizing traditional relations to meet new demands and bring practical benefits to the people of both countries, while making positive contributions to regional and global development.

He highlighted the vital role of the business community in realizing high-level agreements on socio-economic development, particularly in key areas such as energy, industry, science and technology, and human resource training.
He also urged stronger efforts to boost bilateral trade to a level commensurate with both countries’ potential, noting the major responsibility this places on the business sector. He expressed hope that the forum would result in many new cooperation agreements that capitalize on each country’s strengths and boost sustainable growth.

General Secretary Lam proposed stepping up cooperation in trade, investment, and transport, expanding e-commerce and labor cooperation, especially as Russia has high demand, and asked that Russia create favorable conditions for Vietnamese researchers in key fields like nuclear science and fundamental physics.
He affirmed that Vietnam welcomes and facilitates foreign investment, including from Russian enterprises.

On this occasion, senior leaders from both countries jointly launched the TH fresh milk processing plant in Kaluga province, marking a significant step in the Vietnamese dairy group’s high-tech dairy farming and milk processing project in Russia.
The virtual inauguration was held with a live connection between Moscow and the plant in Kaluga, with production lines officially starting operations after the ceremonial button press.

The opening of the TH dairy plant took place at a meaningful time, as Vietnam and Russia celebrate the 75th anniversary of diplomatic ties and deepen political trust. Leaders of both countries have agreed on directions to elevate their comprehensive strategic partnership and traditional friendship to new heights.

Located in the Kaluga special economic zone (Borovsk district), about 100 km from Moscow, the TH fresh milk processing plant spans nearly 15 hectares. It has a planned capacity of 1,000 tonnes per day, with Phase 1 operating at 500 tonnes. The plant uses only fresh milk from TH’s high-tech farms in Moscow and Kaluga provinces.

At the forum, seven cooperation agreements were signed in the presence of the two countries’ top leaders. These covered various fields such as historical research, people-to-people exchange, tourism, transportation, trade, investment, and biomedical collaboration.

Russia, Vietnam seek to bolster import and export turnover

VOV.VN - Import-export turnover between Vietnam and Russia during the first three quarters of this year reached US$3.52 billion, up 41% over the same period from last year, while many local business delegations have gone to Russia to explore the large market.