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Speaking to a Vietnam News Agency correspondent in Moscow on the visit, Yatskin said that the Vietnam-Russia relationship is experiencing a period of strong growth and need to be further reinforced. He noted that the two countries share a special relationship not only in terms of politics but also in the sentiment of people of both sides towards each other, and the elevation of bilateral ties to a comprehensive strategic partnership in 2012 reflected their sound relationship. Yatskin noted that the economic partnership between Vietnam and Russia is expanding impressively, with two-way trade reaching 5.7 billion USD in 2020, up 15 percent year on year despite COVID-19 impacts. This year, the figure is expected to hit 6.5 billion USD. He attributed the results to the efficiency of the free trade agreement between Vietnam and the Eurasian Economic Community (EAEC) that was signed in 2015. At the same time, the two countries have enjoyed sound cooperation in science, with Russian …

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The previous edition of the Vietnam Value Programme honoured a batch of businesses that have expanded their brands to other shores The eighth selection of national brands for the Vietnam Value Programme is coming up next year, following up on the previous itineration in 2020. Back then, one of the popular contenders was TH Group, which received the honour of the national brand classification for several of its products, such as TH fresh milk, TH school, and TH true yoghurt. “The recognition from the government and ministries not only helps TH Group to assert its brand among domestic consumers but also helps us to reach the international community,” said Ngo Minh Hai, president of the group. Ensuring the domestic production chain during the pandemic has been a priority of the corporation. “However, we continue to expand production and business both at home and abroad,” Hai said. Currently, TH Group is building dairy farms and processing facilities in many provinces and …

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The Vietnamese government expects to review and approve a new land law in 2022, which Fitch expects will offer clearer guidance on the land use, valuation and compensation. Vietnamese developers’ contracted sales are forecast to increase by 20%-30% next year thanks to an improving operating environment, with rising vaccination rates and continued easing of mobility restrictions likely to spearhead the economic recovery, according to Fitch Ratings. The US credit rating agency said in a recent statement that growth momentum should pick up after a temporary weakness in the second half of this year. The weakness was said to have been caused by provincial mobility restrictions to rein in the country’s fourth wave of the COVID-19 pandemic that is delaying new launches and construction. Housing demand in the Southeast Asian nation remains robust, underpinned by strong economic growth, favorable demographics and urban migration, according to Fitch. The agency expects Vietnam’s real …

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Da Nang calls for RoK’s investment in ICT A forum to promote investment in information and communications technology (ICT) in the central city of Da Nang from the Republic of Korea (RoK) was held virtually on November 30, bringing together representatives from over 200 enterprises and investors from the two countries. The event aims to introduce potential, advantages, preferential and investment support policies of Da Nang to RoK businesses and investors, especially in ICT, and high technology. Addressing the event, Deputy Minister of Information and Communications Phan Tam said the RoK is the largest foreign investor in Vietnam with over 9,000 valid projects worth over 71.5 billion USD, including nearly 500 investment projects in the ICT field with the presence of the world's leading technology corporations such as Samsung and LG. To welcome more investments from the RoK, the Vietnamese Government has been perfecting models, mechanisms and policies to create breakthrough …

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