During the reviewed period, Vietnamese exports to Russia enjoyed a 12.5 per cent increase to US$2.3 billion, whilst imports from the Eastern European country suffered a decline of 18.3 per cent to US$1.47 billion.

Illustrative image.

The nation’s key export items to Russia include telephones and their components, computers, electronics, textiles, footwear, and seafood.

Of these popular goods, mobile phones and their components underwent an year-on-year fall of 2.3 per cent to US$912.5 million.

Elsewhere, the export of computers, electronic products, garments & textiles, footwear, and aquatic products to the market saw an increase of between 20 per cent and 50 per cent.

Simultaneously, imports from Russia experienced a significant drop, with coal, iron, steel, wheat, and cars witnessing a decline of between 70 per cent and 170 per cent.

At present, Vietnam represents Russia’s largest trading partner among ASEAN members and is ranked sixth overall in the Asia - Pacific region. Indeed, the country accounts for approximately 0.75 per cent of the Eastern European nation’s total import and export turnover.

Vietnam’s annual growth seen averaging at 7% during 2021-2025

The Vietnamese economy is likely to grow at an annual average pace of 7% during the 2021-2015 period, according to a projection by the National Centre for Socio-economic Information and Forecast (NCIF).

Prospects from disease-free orange intensive farming model

(BGO) - In 2017, the Fruit and Vegetable Research Institute (the Vietnam Academy of Agricultural Sciences) was approved to deploy the project "Building the model of intensive farming of V2 and CS1 disease-free orange varieties in Lang Giang district” with a total budget of 2.3 billion VND (99,320 USD). After nearly 3 years of implementation, the project has achieved good results.

Source VOV