Located in the Ural Federal District, Sverdlovsk Region serves as a strategic gateway linking the European and Asian parts of the Russian Federation and is home to a population of more than four million. Its economy is driven by heavy industry, mining, metallurgy, machinery manufacturing, industrial equipment, chemicals, pharmaceuticals, energy, oil and gas, transportation, construction, and production-related services. As one of Russia's most established industrial centres, the region benefits from a strong industrial base, a highly skilled technical workforce, and a strategic geographic location that facilitates interregional trade and logistics. According to Sverdlovsk Region's investment promotion materials, the region also offers a favourable investment environment, supported by well-developed industrial infrastructure, modern logistics networks, and investment support mechanisms across manufacturing, technology, trade, and services.
The Business Forum “Sverdlovsk Region (Russia) – Viet Nam: Current Trends in Industrial Cooperation- Photo: The World & Vietnam Report
A notable milestone in bilateral cooperation is the Business Forum “Sverdlovsk Region (Russia) – Viet Nam: Current Trends in Industrial Cooperation,” which was organized to strengthen business-to-business connectivity, promote industrial collaboration, and unlock trade and investment opportunities between Vietnamese enterprises and partners from Sverdlovsk Region. The forum highlighted the significant potential for practical cooperation in modern manufacturing, energy, mechanical engineering, industrial equipment, and production technologies.
For Ho Chi Minh City, this platform provides an important reference for expanding partnerships with Sverdlovsk's industrial enterprises, particularly as the City seeks new sources of investment, technology, and expertise to advance supporting industries, industrial automation, logistics, advanced materials, and high-value manufacturing supply chains.
Looking ahead, particularly within the framework of the 3rd Ho Chi Minh City Friendship Dialogue (FD 2026), Ho Chi Minh City aims to further expand cooperation with Sverdlovsk Region and encourage investment, technology transfer, technical expertise, and industrial management experience in the following five priority areas:
Supporting Industries and Advanced Manufacturing: Promote partnerships in industrial materials, components, machinery, specialized equipment, engineering services, and supporting manufacturing industries.
Industrial Technology Transfer: Enhance exchanges on industrial automation, precision engineering, production line management, technical standards, and capacity building to strengthen industrial competitiveness.
Energy, Oil & Gas, and Industrial Equipment: Expand cooperation in energy technologies, oil and gas equipment, industrial operation solutions, and technical services supporting key manufacturing industries.
Industrial Logistics and Eurasian Trade Connectivity: Leverage Sverdlovsk Region's strategic location linking the European and Asian parts of the Russian Federation to strengthen trade routes, freight transportation, warehousing, logistics services, and industrial supply chains between the two sides.
Technical Training and Bilateral Trade Promotion: Develop joint programmes for technical workforce training, equipment operation and maintenance, business matchmaking, trade promotion activities, business forums, and the promotion of industrial products in both markets.