Vietnam always creates favorable conditions for foreign enterprises to invest and do business in the country, including those from Russia, Deputy Prime Minister Tran Hong Ha has said.

Speaking at the Vietnam-Russia business forum in Hanoi on April 6, which attracted more than 200 businesses from the two countries, Deputy Prime Minister Ha said technology, innovation, and research and development are the country’s priorities in foreign investment attraction.

Participants discussed the potential for cooperation in the fields of industry, energy, transport and logistics, climate change, environmental protection, and digital economy - digital technology.

Two-way trade between Vietnam and Russia reached $3.55 billion in 2022.

As of March this year, Russia had 171 valid investment projects in Vietnam with total registered capital of $970 million, mostly in mining, services, and manufacturing and processing. Vietnam, meanwhile, has 17 valid projects with capital of $1.6 billion in Russia.