The International Trade Day Forum 2025 (IDT-2025), one of Russia’s major events on trade promotion and international economic cooperation in the current context, took place on September 19 at the World Trade Center in Moscow.

Vietnam participated as a partner country, with a delegation led by Ambassador to Russia Dang Minh Khoi.

Organized by the Russian Association of Exporters and Importers, the forum gathered more than 1,000 delegates from more than 30 Russian regions and 15 countries, including government officials, senior executives of major international corporations, domestic and foreign manufacturers, and small- and medium-sized enterprises.

At the plenary session, participants discussed global economic trends and their implications for Russia, while sharing strategies, orientations and priorities for the country’s external economic policy in the coming years. Discussions centered on supply chains and international cooperation, especially with expanded BRICS members, the Shanghai Cooperation Organization (SCO), and the Eurasian Economic Union (EAEU).

In his keynote address, Ambassador Dang Minh Khoi highlighted Vietnam’s economic achievements after nearly 40 years of reform, transformation and international integration. He noted that Vietnam is Russia’s largest trading partner in Southeast Asia, while Russia is among Vietnam’s top five trading partners in Europe.

Despite global challenges, bilateral trade and economic cooperation recorded positive results in 2024, with two-way trade reaching US$4.6 billion, up 26% from 2023. During the past eight months, bilateral trade hit US$3.3 billion, a year-on-year rise of 5%. The two countries are implementing major investment projects in key sectors such as energy, science and technology.

The ambassador underscored Vietnam’s potential and strengths, as the country ranks among the world’s top 30 in trade growth and top 15 developing economies attracting the largest FDI inflows. He called on businesses from both sides to step up joint ventures and investment projects in industries, food processing, high technology and renewable energy.

The two sides should continue to share information and promote a favorable business environment, actively organize and participate in trade fairs and exhibitions in both countries, and arrange trade delegations to study business practices and build trust among enterprises, he added.

As Vietnam enters a new era of national growth, Ambassador Dang Minh Khoi proposed a concrete and unified roadmap to turn advantages into mutually beneficial cooperation projects, including information exchange, boosting two-way trade, and increasing delegations to explore each other’s markets.

He expressed confidence that the traditional friendship and cooperation between Vietnam and Russia provide a solid foundation for businesses to expand partnerships and contribute to shared prosperity.

Speaking to the press, Vietnam’s Trade Counselor in Russia Duong Hoang Minh stressed that the event enabled Vietnamese enterprises not only to gain deeper insights into the Russian market but also to seek customers and better understand the legal framework for exports to Russia.

According to him, a positive sign this year is the return of Vietnamese businesses to Russia, while many Russian enterprises and trade promotion delegations have come to explore the Vietnamese market. With the support of relevant agencies of both sides, difficulties in payment, transport, logistics and supply chains are gradually being resolved.

Enterprises now have the option of settling payments in local currencies and shipping goods directly from Hai Phong and Ho Chi Minh City ports to Vladivostok, and vice versa. These are promising opportunities for Vietnamese exporters to penetrate not only the Russian market but also the wider Eurasian region.

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