Russia ranks fourth among 81 countries receiving Vietnamese investment

According to the latest data, Vietnam currently has 16 valid investment projects in Russia, totally capitalized at US$1.625 billion, accounting for 7.3% of the nation's total registered investment capital abroad.

Vietnamese investment in Russia is mainly focused in the fields such as oil and gas exploration and exploitation, accounting for 50.3% of total registered capital, industry (32.6% ) and real estate (14%).

Several notable works include oil and gas project in northern Russia's Nhenhexky autonomous zone, the Hanoi - Moscow Cultural and Trade Center, and TH Group's dairy and agricultural project in Russia.

Meanwhile, as of September 27, Russia has run 194 investment projects in the country with a total registered capital of US$989 million, covering oil and gas, mining, processing industries, and manufacturing across 21 localities.

The south-central province of Khanh Hoa has so far attracted five Russian projects worth US$192.36, thereby ranking first in terms of Russian investment.

This is followed by Hanoi with 49 projects worth US$96.33 million and Ho Chi Minh City with 73 projects worth US$56.75 million.