An oil rig of the Việt Nam-Russia oil and gas joint venture Vietsovpetro. Photo courtesy of the company

MOSCOW — The Udmurtia Republic, a federal subject of Russia, is planning a webinar on November 17 to promote its export and investment potential to Vietnamese businesses and agencies.

A press release from the republic’s government said Udmurtia has high hopes for cooperation with Việt Nam. The webinar, entitled Udmurtia Calling, is part of a series of similar events which have already been held in Germany and Italy.

The press release emphasised that Việt Nam is among potential markets for Udmurtia’s food products, beverages, agricultural materials, chemicals and light industry products.

At the webinar, Udmurtia authorities will select Vietnamese partners to attend B2B events with its enterprises, which will be held in November and December.

Việt Nam is an important partner of Russia in Southeast Asia as bilateral trade makes up about one-third of the total ASEAN-Russia trade value.

Việt Nam has poured nearly US$3 billion into 22 projects in Russia, especially those in oil and gas, dairy farming and the Hà Nội-Moscow multipurpose trade centre. More than 200 small- and medium-sized enterprises are operating in the East Asian nation.

Meanwhile, Russia ranks 24th among 129 countries and territories investing in Việt Nam. — VNS