As his diplomatic mission in Vietnam draws to a close, Mr. Timur Sadykov, Consul General of the Russian Federation in Ho Chi Minh City, shares his thoughts on the southern city’s remarkable transformation over the past five years with Vietnam Economic Times / VnEconomy’s Nhu Quynh and highlights new opportunities to further expand bilateral cooperation.
The driving force behind this breakthrough growth came from $1.31 billion in newly registered capital, along with $341.3 million in additional adjusted capital from ongoing projects in the northern province.
In terms of scale, between 2026 and 2030, Vietnam is projected to achieve the 4th largest absolute growth in merchandise trade in the world, trailing only China, India, and the United States.