Nguyen Huu Phu , , Dinh Le Hong Giang

Vietnam’s Foreign Direct Investment in Russia: Current Situation and Prospects

ЮГО-ВОСТОЧНАЯ АЗИЯ: АКТУАЛЬНЫЕ ПРОБЛЕМЫ РАЗВИТИЯ, 2024, №4(65), 169-186

 
Annotation: Despite the historical and geopolitical significance of their bilateral relations, this study fills a major research vacuum by examining the present and potential future of Vietnam's foreign direct investment (FDI) in Russia. Driven by the "Doi Moi" reforms in 1986, Vietnam's economy has grown steadily in terms of GDP and has been more involved in international trading and investment. Nevertheless, there aren't many thorough studies on its FDI in Russia. This study focuses on investments initiatives in banking, agriculture, and energy while analyzing the dynamics of trade and strategic investments between the two countries. It lists many logistical, political, and economic barriers that prevent Vietnamese investment, but it also emphasizes the significant potential for future expansion through strengthened strategic alliances and stronger legal frameworks. Through the examination of both quantitative and qualitative data, the research provides insightful information to investors and policymakers. This study also contributes to a deeper comprehension of this intricate and changing relationship between two partners by enhancing the conversation about Vietnam’s direct investment in Russia.

Keywords: Foreign direct investment (FDI), Vietnam, Russia, Comprehensive strategic partnership, Free Trade Agreement (FTA), Eurasian Economic Union, ASEAN