In December 2024, Russia registered 2 new projects with US$3.82 million in newly registered capital, according to Vietnam’s Ministry of Planning and Investment. This represents a 50 percent decrease in the number of new projects compared to November, which recorded 4 new projects and US$4.22 million in newly registered capital.

In 2024, Russian firms invested in 17 new projects in Vietnam with US$18.18 million in newly registered capital.

Foreign direct investment (FDI) from Russia into Vietnam reflects the strong historical and strategic partnership between the two countries. Russian investments are primarily concentrated in energy, oil and gas exploration, infrastructure, and defence-related industries. Notable projects include joint ventures such as Vietsovpetro, a key collaboration in offshore oil and gas production, which has been a cornerstone of economic cooperation between the two nations.

In recent years, Russia has also explored opportunities in renewable energy, mining, and high-tech industries in Vietnam, aligning with Vietnam’s focus on sustainable development and industrial modernisation. The two countries maintain strong trade and investment ties under their Comprehensive Strategic Partnership, supported by agreements that facilitate economic collaboration. As Vietnam continues to expand its energy infrastructure and industrial base, Russian FDI is expected to remain a significant contributor, particularly in sectors that leverage Russia’s expertise in energy and heavy industries.

Your support keeps this site independent and objective.
If you find value in this work, please consider making a contribution.

$2/mo $5/mo $10/mo One-time

Need more convincing?

Our content is free because we believe a rising tide lifts all boats.

By making accurate, independent information accessible to everyone, we help create a more informed, resilient, and empowered business community.

When businesses, investors, policymakers, and everyday readers all have access to clear, unbiased analysis, it leads to better decisions, fairer opportunities, and stronger economic outcomes for all.

That said, while our content is free to read, it costs money to create.

Behind every article is careful research, fact-checking, and expert analysis — all of which require time, skill, and resources.

If you can spare a couple of dollars, your support helps ensure that reliable, unbiased information remains accessible to all.