Russian Companies Eye Energy and High Tech Investments in Vietnam
Key Ideas
  • Russian companies Zarubezhneft and Petrovietnam are collaborating on natural gas initiatives and renewable energy projects, including green hydrogen facilities for Vietnam.
  • AFK Sistema, a leading Russian investment firm, considers Vietnam a priority market and plans to expand investment cooperation in various sectors like information technology, semiconductors, and healthcare.
  • Positive Technologies, a Russian cybersecurity company, seeks to partner with Vietnamese authorities for potential investment and cooperation projects in cybersecurity.
  • Vietnam and Russia are looking to enhance cooperation in various fields, including marine economy, shipbuilding, and responses to non-traditional security challenges.
Russian companies Zarubezhneft, AFK Sistema, and Positive Technologies are exploring investment opportunities in Vietnam, with a focus on energy and high technology sectors. During separate meetings with Vietnam's Party chief To Lam in Russia, Zarubezhneft expressed interest in advancing natural gas initiatives and developing renewable energy projects, including offshore wind power and green hydrogen facilities. The company aims to establish a modern liquefied gas supply chain for Vietnam. AFK Sistema, a major Russian investment firm, identified Vietnam as a key market for long-term investment cooperation, particularly in sectors like information technology, semiconductors, and healthcare. Positive Technologies, a Russian cybersecurity company, hopes to collaborate with Vietnamese authorities on cybersecurity projects. The discussions also included enhancing economic, scientific, and technical cooperation between Vietnam and Russia. The parties explored opportunities for collaboration in various areas, such as maritime security, shipbuilding, and responses to non-traditional security challenges. Both sides expressed willingness to deepen bilateral cooperation and create favorable conditions for investment and partnership initiatives.
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