Analysis of the advantages and obstacles of Vietnamese business in Russia

Abstract

Globalization in the modern world is expressed in the strong economic interaction between different countries. This trend clearly reveals in the manifestation of Russian-Vietnamese cooperation in several spheres at the present stage of its development. Due to the fact that one of the most important factors, tightening bilateral relationship between Vietnam and Russia is contribution of Vietnamese businessmen and enterprisers in Russia, this article demonstrates the formation of Vietnamese business in Russia and shows its evolution in the Russian market. This paper also studies the interaction of Vietnamese business communities, analyzes favorable conditions in the business environment of Russia and points out difficulties and restrictions on businessmen's activity there.