Russian investment in Vietnam

Up to August this year, Russian businesses had invested in 111 projects with a registered capital of US$1.05 billion. With this result, Russia now ranks 23 out of 112 foreign countries and territories that have invested in Vietnam.
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Russia now ranks 23 out of 112 foreign countries and territories that have invested in Vietnam.

In the first eight months alone they invested in seven new projects with a registered capital of US$5.87 million.

Russian investment goes to 13 of Vietnam’s 18 economic sectors. Mining came first with seven projects valuing at US$581.2 million, accounting for 55% of its total investment, trailed by accommodations and food services (seven projects valuing at US$203.6 million) and manufacturing and processing industries (34 projects with a value of US$133.8 million).

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Russian businesses have invested in 23 out of 63 provinces and cities nationwide. Offshore oil and gas production has attracted most of Russian investment with six projects with a registered capital of US$531.2 million.

Source: VOV

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