A Vietnam-Russia business forum was held in Moscow on May 11 (local time) during the official visit to Russia by Party General Secretary To Lam.

Addressing the event, Party leader Lam stressed that Vietnam has created all favourable conditions for foreign businesses, including Russian enterprises, to invest in Vietnam.

He suggested the two countries continue to strengthen and promote cooperation in economy, trade, investment, transport, e-commerce, and labour.

At the forum, representatives from the two countries witnessed the signing of seven cooperation agreements. These include a Memorandum of Understanding (MoU) between the Vietnam Academy of Social Sciences and the Russian Historical Society on cooperation in research and preservation of Vietnamese and Russian history; a cooperation agreement between the Vietnam Union of Friendship Organisations and the Russian Association for International Cooperation on cooperation in economy, trade, science, culture, education, humanities, sports, tourism areas and people-to-people exchanges; a cooperation agreement between the Vietnam - Russia Friendship Association and the Russia - Vietnam Friendship Association for the 2025-2030 period.

In addition, Vietnam’s Vinpearl signed an MoU with four Russian partners - LTD Anex Tourism, Coral Travel, One Click Travel Company, FUN & SUN - on strategic cooperation in the 2025-2026 period to promote Vietnam's tourist destinations and Vinpearl's products.

Saigontourist and Vietnam Airlines signed MoUs with two Russian partners - Amparus Tour and Russia Union of Fairs and Congress on cooperation in developing transport, aviation, cruise tourism, travel, hotels and two-way exhibition services between Vietnam and Russia in the 2025 – 2030 period.

Shinec Vietnam Joint Stock Company and Russia’s RK Group LLC signed a MoU on the platform for connecting trade, finance, investment, logistics, resources and energy between Vietnam and Russia.

The Vietnam Association of Medical & Biological for Research and Application and the National Medical Research Centre of Oncology signed an MoU on cooperation in applying modern biomedical technology and traditional Vietnamese medicine with the pilot project to restore Russian folk medicine.