Leningrad region will increase trade with Vietnam to $ 1 billion in five years

The Governor of the Leningrad region Alexander Drozdenko announced that the delegation of the region is actively developing business ties in Vietnam. The main focus is on strengthening and expanding economic relations between the two countries. The head of the region stressed that the region is aimed at developing strategic cooperation, designed for at least 10-15 years. This is reported by online47.ru.

I met with Petrovietnam Vice President Dr. Le Juan Huen. We talked about the supply of energy resources from the ports of the Leningrad region. We strive to build a long-term partnership for at least 10-15 years. This will create stable and understandable conditions for cooperation for both parties, said Alexander Drozdenko in his social networks.

The delegation from the Leningrad region is represented by companies from various fields, including industry, energy, pharmaceuticals and agro-industrial sector.

The participants of the trip in advance identified promising areas of cooperation. The Vyborg branch of Technonicol Corporation supplies products to Hanoi and Ho Chi Minh City and is ready to participate in major infrastructure projects in Vietnam, including the construction of the first nuclear power plant.

Thus, Okhta Mechanical Plant established cooperation with the transport services of Hanoi and Ho Chi Minh City. And the pharmaceutical company North Star is studying the prospects of entering the Vietnamese market.

The trade turnover of the Leningrad region with this country is already more than $ 300 million a year. In the first eight months of 2026, Vietnam ranked seventh among the region’s trading partners in terms of total trade turnover and third in terms of imports. Drozdenko set a goal to achieve a mutual trade turnover of $ 1 billion over the next five years.

“This is an ambitious but realistic goal. Each export contract for the Leningrad region includes jobs within the region, salaries and taxes to the local budget, which will be used for social needs. Therefore, we are interested in helping our companies to enter foreign markets, the head of the 47th region said.

Special attention was paid to the agro-industrial complex, because the Leningrad region produces more than 40% of food in the North-West of Russia, leads the country in egg production, milk yield and packaging of tea, coffee.