Published
01/29/2026, 15:50Vietnam is gradually strengthening its investment presence in the Eurasian region, shifting its focus from raw materials to agribusiness, real estate and renewable energy. This is stated in a report by the Eurasian Development Bank (EDB).
According to the bank's estimates, Vietnam's cumulative foreign direct investment (FDI) in the region has grown from $613 million in 2016 to $825 million by mid-2025, representing a 34% increase. At the same time, the geography of investments is becoming more diversified.
Russia remains a key destination for Vietnamese capital, accounting for $570 million, or 69% of the investment portfolio. However, Russia's share is gradually declining due to the depreciation of oil and gas assets.
Against this backdrop, the role of Central Asian countries is growing. In Kazakhstan, the volume of Vietnamese investments reached $128 million, while in Kyrgyzstan and Uzbekistan, the ROX Group has become more active. The company is implementing projects in the real estate and renewable energy sectors, reflecting a general shift in Vietnam's investment strategy in the region.
According to EDB analysts, the sectoral structure of Vietnamese FDI has changed significantly in recent years. The share of the raw materials sector has fallen from 87% to 25%, while the agro-industrial complex has become a key area and now accounts for 63% of the investment portfolio. Investments in the food industry and renewable energy sources provide additional diversification.
For Kyrgyzstan, this dynamic means growing interest from Asian investors in non-resource sectors of the economy, primarily green energy and development projects, which could potentially increase the inflow of long-term capital into the country.
