AFK Sistema to Establish Representative Office in Vietnam by 2026
AFK Sistema plans to establish a representative office in Vietnam by 2026, following discussions between founder Vladimir Yevtushenkov and Vietnamese Prime Minister Pham Minh Chinh on various cooperation areas, including digitalization and pharmaceuticals. This initiative aims to strengthen the presence of AFK's portfolio companies in Vietnam and Asia, building on Binnopharm Group's recent establishment of a representative office and partnership for drug development in the region.
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AFK Sistema plans to open a representative office in Vietnam in 2026, following a January visit by founder Vladimir Yevtushenkov. During the visit, the delegation met with Vietnamese Prime Minister Pham Minh Chinh and other officials, discussing cooperation in digitalization, cybersecurity, hydrogen technologies, pharmaceuticals, medicine, agriculture, and construction.
The office aims to enhance the presence of AFK's portfolio companies in Vietnam and Asia. In 2025, Binnopharm Group, an AFK asset, established a representative office in Vietnam and signed a memorandum with VNVC for joint research, drug development, and market entry into Southeast Asia.
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