An oil rig in Bach Ho oil field (Photo: VNA)Hanoi (VNA) – Russia currentlyranks 22nd among countries and territories investing in Vietnam with totalregistered capital of nearly 1 billion USD.
Russia projects are mostly invested in oiland gas, manufacturing, mining, transport, telecommunications, and aquacultureand fishing, according to the Foreign Investment Agency under the Vietnamese Ministryof Planning and Investment.
Meanwhile, Vietnam has invested in 18projects in Russia, with combined registered and added capital reaching 2.4 billionUSD by the end of March 2018.
Most of the investment comes from projects investedby Rusvietpetro joint venture, Hanoi-Moscow Trade Centre Investment JSC and adairy cow breeding and milk processing in Moscow of TH Group.
To date, 17 projects have been included inthe list of Vietnam-Russia prioritised projects, which was approved at the 20thsession of the Vietnam-RussiaIntergovernmental Committee for Economic-Commercial and Scientific-TechnologicalCooperation.
These projects are in the spheres of oil andgas, transport, agriculture, electricity, construction, industry and hightechnology. The two sides are working on the roadmap for the implementation ofthe projects.-VNA
