Green production, trade will help wood industry increase export: Viforest Hanoi attracts over 1.1 billion USD in FDI in four months FDI flows strongly into manufacturing, real estate

FTA helps fuel Vietnam-Russia trade growth

20:11 | 20/02/2019 Import-Export Follow english.haiquanonline.com.vn on
Trade between Vietnam and Russia was estimated at 4.57 billion USD in 2018, up 28.6 percent year on year, partly thanks to the enforcement of the free trade agreement (FTA) between Vietnam and the Eurasian Economic Union (EAEU).
fta helps fuel vietnam russia trade growth

A worker at a steel factory. Steel and steel products made up 16.6 percent of Vietnam's exports to Russia in 2018 (Photo: VNA)

Food accounted for 32.4 percent of Vietnam’s shipments to Russia, automobiles and machinery 20.7 percent, and steel and steel products 16.6 percent, according to the General Department of Vietnam Customs.

Last year, Russia invested in eight new projects and added capital to one existing project in the Southeast Asian nation. It also purchased shares of Vietnamese businesses through 40 projects.

It registered a total of 42.63 million USD of investment capital in 2018, ranking 28th among 112 countries and territories investing in Vietnam for the year.

The FTA between Vietnam and the five EAEU countries of Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan took effect on October 5, 2016.

Source: VNA
Tags:
FTA and Việt Nam russia trade growth trade

Related News

Vietnam has a trade deficit of over US$17 billion with China

Vietnam has a trade deficit of over US$17 billion with China

15:34 | 24/04/2024 Import-Export

VCN – In the first quarter 2024, Vietnam-China trade reached US$43.6 billion. The country had a large trade deficit.
Export turnover reaches over US$200 billion in the first half of April

Export turnover reaches over US$200 billion in the first half of April

15:04 | 28/04/2024 Import-Export

VCN - As of April 15, Vietnam’s import-export turnover achieves US$208.94 billion, the General Department of Vietnam Customs releases.
Developing a strong brand contributes to increased export revenue

Developing a strong brand contributes to increased export revenue

07:49 | 29/04/2024 Import-Export

VCN – Mr. Hoang Minh Chien, Deputy Director of the Trade Promotion Agency (Ministry of Industry and Trade), shares insights on elevating core values in brand development.
Vietnam-China trade reaches over US$ 27 billion

Vietnam-China trade reaches over US$ 27 billion

09:29 | 10/04/2024 Import-Export

VCN – China continues to be the Vietnam's largest trading partner.

Latest News

Green production, trade will help wood industry increase export: Viforest

Green production, trade will help wood industry increase export: Viforest

14:30 | 07/05/2024 Import-Export

Viforest is encouraging businesses to ensure green production, green trade and digital transformation. The association has been conducting many trade promotion activities at home and abroad to seek more customers and orders.
Hanoi attracts over 1.1 billion USD in FDI in four months

Hanoi attracts over 1.1 billion USD in FDI in four months

14:28 | 07/05/2024 Import-Export

The capital city of Hanoi attracted more than 1.13 billion USD of foreign direct investment (FDI) in the first four months of this year, with 73 new projects worth over 1 billion USD and 47 projects permitted to increase a combined investment capital of 79 million USD.
FDI flows strongly into manufacturing, real estate

FDI flows strongly into manufacturing, real estate

14:26 | 07/05/2024 Import-Export

Vietnam’s industrial real estate industry is expected to continue its strong growth trajectory due to foreign direct investment (FDI) inflows benefiting from tax incentives.
Maintaining recovery momentum amid uncertainties

Maintaining recovery momentum amid uncertainties

09:09 | 07/05/2024 Import-Export

VCN – Amid current uncertainties, experts say that the Government needs to maintain macroeconomic stability, stimulate consumption, invest in infrastructure development, attract high- quality FDI flows through capital partnership consolidation with the United States and Japan and implement measures to support businesses.

More News

Make use of the most of favorable factors for economic growth

Make use of the most of favorable factors for economic growth

15:38 | 06/05/2024 Import-Export

VCN - Commenting that the economy can absolutely achieve growth according to the set target, but according to Dr. Nguyen Tu Anh (photo), Director of Department, Director of the Center for Economic Information, Analysis and Forecasting, Central Economic Commission, management agencies need to resolve and clear the bottlenecks that have been identified since real estate market, corporate bonds... to restore aggregate demand.
Textile and garment businesses face difficulties due to lack of domestic supply

Textile and garment businesses face difficulties due to lack of domestic supply

15:36 | 06/05/2024 Import-Export

Vietnam’s textile and garment industry has long faced an imbalance between production stages.
Vietnam leads in export rice prices globally

Vietnam leads in export rice prices globally

15:34 | 06/05/2024 Import-Export

The prices of Vietnamese rice in the international market rose by 3-8 USD per tonne last week, helping Vietnam return to the top position in export rice prices, according to the Vietnam Food Association (VFA).
Production ensures export of 7.4 million tons of rice this year

Production ensures export of 7.4 million tons of rice this year

14:30 | 06/05/2024 Import-Export

VCN - By the end of the first quarter of 2024, rice exports continued to increase by 17.6% in volume and 45.5% in turnover compared to the first quarter of 2023, reaching over 2.18 million tons, equivalent to nearly US$ 1.43 billion, average price US$ 653.9 /ton.
More businesses to join Vietnam E-Pavilion

More businesses to join Vietnam E-Pavilion

16:34 | 05/05/2024 Import-Export

The Ministry of Industry and Trade (MoIT) will collaborate with Alibaba to increase the number of prominent businesses selected to join the Vietnam E-Pavilion to 300, providing opportunities for enterprises to access millions of consumers worldwide through Alibaba.com's extensive customer network.
Cooperatives urged to focus on branding to expand exports of organic tea

Cooperatives urged to focus on branding to expand exports of organic tea

16:32 | 05/05/2024 Import-Export

Cooperatives have been advised to focus on branding and improving product quality to expand tea exports to highly-demanding markets, especially organic tea products.
Seafood enterprises encounter problems with specialized inspection

Seafood enterprises encounter problems with specialized inspection

10:37 | 05/05/2024 Import-Export

VCN - Seafood businesses are facing problems related to food safety certificates (H/C) of seafood raw materials imported from New Zealand for processing and export to the EU.
Three groups of export commodities achieved billions of USD

Three groups of export commodities achieved billions of USD

10:36 | 05/05/2024 Import-Export

VCN - The result of exports is showing positive signs, especially many groups of commodities increased by over a billion USD compared to the same period in 2023.
Speed up the process of issuing "passports" for durian exports

Speed up the process of issuing "passports" for durian exports

15:14 | 04/05/2024 Import-Export

VCN - The growing area code is considered a passport for Vietnamese agricultural products, including durian, to trace the origin of the product and ensure products meet food safety and hygiene quality, demonstrating the exporting country's responsibility in production.
Read More

Your care

Latest Most read
Green production, trade will help wood industry increase export: Viforest

Green production, trade will help wood industry increase export: Viforest

14:30 | 07/05/2024 Import-Export

Viforest is encouraging businesses to ensure green production, green trade and digital transformation. The association has been conducting many trade promotion activities at home and abroad to seek more customers and orders.
Hanoi attracts over 1.1 billion USD in FDI in four months

Hanoi attracts over 1.1 billion USD in FDI in four months

14:28 | 07/05/2024 Import-Export

The capital city of Hanoi attracted more than 1.13 billion USD of foreign direct investment (FDI) in the first four months of this year, with 73 new projects worth over 1 billion USD and 47 projects permitted to increase a combined investment capital of 79 million USD.
FDI flows strongly into manufacturing, real estate

FDI flows strongly into manufacturing, real estate

14:26 | 07/05/2024 Import-Export

Vietnam’s industrial real estate industry is expected to continue its strong growth trajectory due to foreign direct investment (FDI) inflows benefiting from tax incentives.
Maintaining recovery momentum amid uncertainties

Maintaining recovery momentum amid uncertainties

09:09 | 07/05/2024 Import-Export

VCN - Assessing the current difficulties of Vietnam's economy, Dr. Pham Anh Tuan, Executive Deputy Director of the Vietnam Institute of Economics, said that in the period 2023-2024, the world economic situation is suffering from rapid, complex and unpredi
Make use of the most of favorable factors for economic growth

Make use of the most of favorable factors for economic growth

15:38 | 06/05/2024 Import-Export

VCN - Vietnam's economic growth depends on aggregate demand, including aggregate demand from consumption, investment, and export. Currently, total social investment, non-state sector investment, and foreign investment all increase higher than in 2023.
Mobile Version