Russia – potential market for Vietnam’s farm produce

Export potentials 10:10 01/12/2016
Russia is a potential market for aquatic and agricultural products and consumer goods from Vietnam, especially when the Vietnam-Eurasian Economic Union (EAEU) Free Trade Agreement took effect, many experts have said.

Vietnam – Russia trade accounts for 80 percent of the Southeast Asian country’s total trade with the EAEU, which groups Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan.

As the Vietnam-EAEU deal came into force on October 5, 2016, Russia now boasts even bigger potential for Vietnamese goods, particularly aquatic and agricultural products, garment and footwear, which are strong export commodities of Vietnam.

Bilateral trade has grown strongly recently with Vietnam’s exports to Russia surging almost 20 percent year-on-year in the first 10 months of 2016, Tran Viet Phuong, deputy head of the Division for Russia and SNG countries at the Ministry of Industry and Trade’s Europe Market Department, said at a workshop in Ho Chi Minh on November 22.

He said the FTA brings about numerous tariff advantages for Vietnam’s key exports to Russia. It is a considerable opportunity for businesses to promote exports to Russia and expand market shares in other EAEU markets.

Tran Duc Hanh, a market research specialist, noted Vietnamese companies own certain advantages when entering the Russian market. While they will benefit from tariff cuts as Vietnam is the first country to ink an FTA with the EAEU, Russia is a large market with high demand for food and consumer goods.

Vietnam and Russia have different strong export items, and therefore they can avoid competition. Aside from effective distribution networks run by Vietnamese people in Russia, the two Governments are also working to enhance their comprehensive cooperation, he said.

Hanh also pointed out certain challenges such as high shipping expenses due to the geographical distance, along with differences in business culture, language and payment practice.

To optimise advantages generated by the Vietnam-EAEU agreement, Vietnamese firms should proactively learn about rules of origin, apply appropriate regulations to improve competitiveness, and align their goods to Russia’s requirements, said experts.

Trade between Vietnam and Russia is estimated at 4 billion USD a year, which is expected to reach 10 billion USD by 2020.

Source: VNA

Bạn đang đọc bài viết Russia – potential market for Vietnam’s farm produce tại chuyên mục Export potentials của Hiệp hội VASEP

TIN MỚI CẬP NHẬT

Pangasius exports surpass $2 billion in the first 11 months

 |  08:40 22/12/2025

(seafood.vasep.com.vn) By the end of November 2025, Vietnam’s total pangasius export turnover had exceeded the $2 billion threshold, registering a 9% compared with the same period in 2024. In November alone, pangasius exports reached $195 million, also posting a 9% increase year-on-year, underscoring a stable recovery trajectory for the sector in the final months of the year.

VASEP Data Power – A comprehensive data and tool ecosystem for Vietnam’s seafood businesses

 |  21:09 17/12/2025

Building on over three decades of trusted leadership, VASEP is proactively shaping a Dynamic Knowledge Ecosystem where data is transformed into actionable value and forward-looking insights for the business community

An Giang: Developing climate-resilient marine aquaculture

 |  09:01 16/12/2025

(seafood.vasep.com.vn) An Giang is focusing on expanding climate-adaptive marine aquaculture models, aiming for safe and sustainable production. This approach not only enhances economic efficiency but also helps fishermen stabilize their livelihoods amid weather fluctuations.

Vietnam pangasius in China: Stable demand, intensifying competition

 |  10:02 11/12/2025

(seafood.vasep.com.vn) In the first 10 months of 2025, Vietnam’s pangasius export value to China (including Mainland China and Hong Kong) reached $483 million, up 1% compared to the same period in 2024. October alone posted $73 million, a strong 19% increase year-on-year. The Chinese market currently accounts for nearly 27% of Vietnam’s total pangasius export value.

Vietnam’s lobster exports set for another strong surge in 2025

 |  08:58 09/12/2025

(seafood.vasep.com.vn) According to data from Vietnam Customs, the country’s lobster exports posted another strong month in October 2025, reaching $93 million - a 75% increase from the same month in 2024. This performance extends the sector’s impressive growth streak from earlier in the year, pushing cumulative exports for the first 10 months to $712 million, up an extraordinary 135% year-over-year. Within the product mix, green lobster remained the dominant driver, accounting for 98% of total export value, with $700 million recorded in the first 10 months - a 141% jump year-on-year. In contrast, exports of spiny lobster and other lobster varieties declined slightly by 22% and 1%, respectively, indicating that market demand is becoming increasingly concentrated on the most sought-after product line.

Da Nang city takes strong action against IUU fishing

 |  11:12 05/12/2025

(seafood.vasep.com.vn) Currently, Da Nang City has no fishing vessels detained, sanctioned by foreign authorities, or criminally prosecuted for IUU fishing violations. Patrols, monitoring of marine fishing activities, and handling of violations have been prioritized by competent forces, significantly reducing nearshore fishing infringements.

Vietnam’s tuna exports to Israel drop nearly 50% in the first 9 months of 2025

 |  09:13 04/12/2025

(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam’s tuna exports to Israel in the first nine months of 2025 reached just over USD 27 million, down as much as 49% compared to the same period in 2024. This is a steep and prolonged decline for many consecutive months, reflecting changes in import demand as well as shifts in the supply structure of this market.

Vietnam exports first shipment of 700 tons of tilapia to Brazil

 |  09:42 02/12/2025

(seafood.vasep.com.vn) The first 700 tons of Vietnamese tilapia ordered and imported by JBS Group will initially be distributed through supermarket chains, the Horeca network and JBS’s product showrooms in Brazil.

Pangasius Exports in October 2025: Positive Growth Momentum Led by China's Recovery

 |  12:40 28/11/2025

(seafood.vasep.com.vn) In October 2025, Vietnam’s pangasius exports hit $217 million, representing an 8% increase compared to the same month in 2024. For the first 10 months of the year, total export value has surpassed $1.8 billion, up 9% year-on-year. This growth demonstrates clear positive momentum for the pangasius industry, despite continued declines in certain markets.

Appeal letter: Calling for Support to overcome the consequences of flooding in the central provinces

 |  10:39 27/11/2025

In recent days, the Central provinces of Vietnam have been suffering from historic flooding, with prolonged heavy rains, landslides, flash floods, and deep inundation causing extremely serious impacts on tens of thousands of households, as well as many VASEP member exporters located in the region. With the spirit of mutual support and solidarity, and in order to promptly assist residents and member exporters in the affected areas to stabilize their lives and restore production activities, VASEP calls on all seafood exporters, organizations, and individuals to extend supports to the people and member exporters in the flood-hit areas. We urge timely and practical material and spiritual contributions to help member exporters and local communities in the severely affected provinces overcome this difficult period.

VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM

Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội

Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO

Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu

Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông

Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn

Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh

Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn

VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội

Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC