Built in 2015, the 5-metre full-body bronze statue is situated within an area of 2,000 square metres next to the Ho Chi Minh Boulevard in Zasniazhsky district.
The construction cost was covered by Vietnam, while Russia took care of technical consultancy and sculpting work.
The statue was designed following the model at the Ho Chi Minh Square in the central province of Nghe An – the Vietnamese President’s birthplace.
Speaking at the inauguration event, Ulyanovsk Governor Sergei Morozov said the statue marked a new era in the Nghe An – Ulyanovsk relationship.
Leaders of the two localities share a common desire for development of bilateral ties, with priority given to people-to-people diplomacy, he added.
Standing Vice Secretary of the Nghe An Party's Committee Nguyen Xuan Son expressed his joy that now the Vietnamese community in Russia has yet another place to honour the great former president.