As part of Prime Minister Le Minh Hung’s working visit to attend the ASEAN–Russia Commemorative Summit marking the 35th anniversary of ASEAN–Russia relations in Kazan, Russian Federation, PGS.TS Ho Sy Hung, President of the Vietnam Chamber of Commerce and Industry (VCCI), joined the delegation and participated in a series of trade and investment promotion activities, contributing to stronger business connectivity and economic cooperation between Vietnam and the Russian Federation.

Numerous trade agreements signed in sectors where both sides hold strengths

VCCI signed a cooperation agreement with the Chamber of Commerce and Industry of the Republic of Tatarstan (Russian Federation), creating a foundation for both sides to strengthen support for businesses, promote trade and investment exchanges, and expand business matching activities in the coming period.

The agreement was signed in the context of the continuously strengthened and developed traditional friendship between Vietnam and the Russian Federation over the past 76 years. Building on the Comprehensive Strategic Partnership established in 2012, economic, trade and investment cooperation between the two countries continues to expand, opening up new opportunities for the business community.

In addition, VCCI served as the lead coordinator, working with the Embassy of Vietnam in the Russian Federation, the Russian Federation Export-Import Association and Vietjet Air to organize the Vietnam–Russian Federation Trade and Investment Connectivity Program 2026.

The event attracted more than 100 enterprises from both countries operating in sectors including energy, trade, investment, aviation, tourism and technology.

Signing ceremony of the cooperation agreement between Petrovietnam and its Russian partner

Notably, the expansion of cooperation networks with Russian localities and business organizations, including the Republic of Tatarstan—one of the leading industrial, technological and innovation hubs of the Russian Federation—will create additional direct channels connecting enterprises from both countries, helping promote concrete cooperation projects in key sectors such as manufacturing, energy, logistics, information technology and digital transformation.

One of the key highlights of the program was the presentation ceremony of cooperation documents between enterprises of the two countries under the witness of the Prime Minister and senior leaders from both sides.

Numerous agreements were announced in areas including oil and gas, energy, science and technology, infrastructure development, digital transformation, healthcare, tourism and investment. These agreements are expected to lay the groundwork for new cooperation projects and contribute to the growth of bilateral trade and investment in the coming years.

Notably, Vietjet Air announced three new routes: Da Nang–Moscow, Nha Trang–Kazan and Nha Trang–Novosibirsk. The expansion of air connectivity is expected to facilitate people-to-people exchanges, tourism development, and enhanced trade and investment activities between the two countries.

It can be seen that the Free Trade Agreement between Vietnam and the Eurasian Economic Union (EAEU) still offers considerable untapped potential. Speaking at the program, Minister of Finance Ngo Van Tuan highlighted the vast cooperation potential between the two countries and emphasized the role of the business community in translating strategic cooperation orientations into reality, thereby promoting bilateral economic, trade and investment growth in the new phase.

PGS.TS Ho Sy Hung, President of VCCI, speaks to the international media on the sidelines of the Vietnam–Russian Federation Trade and Investment Connectivity Program 2026.

To further capitalize on the cooperation potential between the two economies, Minister of Finance Ngo Van Tuan stressed that VCCI and trade and investment promotion organizations of both countries should continue supporting businesses in maximizing the benefits offered by the Vietnam–Eurasian Economic Union (EAEU) Free Trade Agreement, thereby fostering stronger bilateral trade and investment growth.

Within the framework of the program, trade and investment promotion activities and presentations on Vietnam’s business environment provided opportunities for enterprises from both countries to meet directly, explore market demand and discuss specific cooperation opportunities. Dozens of business matching sessions were conducted, focusing on high-potential sectors such as energy, technology, logistics, infrastructure and manufacturing.

Through these practical connectivity activities, the Vietnam–Russian Federation Trade and Investment Connectivity Program 2026 continues to affirm VCCI’s role as a bridge and demonstrates the determination of the Government, relevant agencies, organizations and business communities of both countries to promote substantive, effective and sustainable economic cooperation, contributing to further deepening the Vietnam–Russian Federation Comprehensive Strategic Partnership in the new stage of development.