Вопросы экономики и управления международный научный журнал 5 (07) / 2016


 Investment situation of Vietnam into



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3. Investment situation of Vietnam into 
the Russian Federation
At the beginning of 80s of the 20
th
century, the first 
joint-venture of Vietnam — Soviet Union economic rela-
tionship is Vietsopetro Joint-Venture Company in the field 
of exploiting gas and oil. This joint venture is the symbol of 
two regimes namely Soviet Union and Russian Federation. 
Up to end of September 2015, Vietnam has had 18 invest-
ment projects in Russia with total new investment capital 
and capital increase of 2.4 billion USD, in which there are 
some typical projects such as:
— The Rusvietpetro Joint-Venture Company project with 
total registered investment capital of 2.02 billion USD 
licensed on 15/10/2008 invested by Vietnam Oil and 


Организация и 
управление х
озяйс
твом с
траны
43
Gas Group (Petrovietnam) at Nhenhexky Autonomous 
Region, Russia with the target of exploring and ex-
ploiting gas and oil.
— Rusvietpetro Joint-Venture Company Project with total 
registered investment capital of 125 million USD li-
censed on 05/03/2013 invested by Vietnam Oil and 
Gas Group (Petrovietnam) at Nagumanov Mine, Oren-
burg, Russia with the target of exploring and exploiting 
gas and oil.
— Hanoi-Moscow Trade Center Investment Joint Stock 
Company Project with total registered investment cap-
ital of 190 million USD licensed on 16/04/2008 invested 
by Hanoi-Moscow Trade Center Investment Joint Stock 
Company at Km 94, Makad Road, Moscow, Russian 
Federation with the target of constructing the Center for 
culture, sport and trade, hotel and office for rent.
Conclusion. In about quarter of the century, foreign in-
vestment in Vietnam has gained important achievements, 
made a great contribution to economic growth, promoted 
transfer of economic structure according to orientation of 
industrialization, modernization, expanded the export mar-
kets and remarkably increased income to the State budget, 
made position and influence for Vietnam to integrate with 
the region and world economies. In the context of severe 
competition in attracting foreign investment capital in 
the region and world, Law on Foreign Investment has be-
come an important lever in attracting foreign investment 
capital into Vietnam, especially in trade relations between 
Vietnam and the Russian Federation. In the current stage, 
investment and cooperation between both parties are being 
promoted and strengthened, which contributes to relations 
development between two countries.
References:
1. Law on Investment of the Socialist Republic of Vietnam dated 26/11/2014.
2. Decree 118/2015 ND–CP dated 12/11/2015 by the Government regulating in details and instructing 
implementation of Law on Investment 2014.
3. Decree 15/2015 ND–CP dated 14/02/2015 by the Government regulating in details and instructing investment 
implementation according to public — private partner.
4. Free trade agreement between Vietnam and Russia/Customs Union in October 2010
5. Free trade agreement between Eurasian Economic Union and member countries of the Union.


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