In 1940, the first aviation plant in the Russian Far East, which is now called Progress Arsenyev Aircraft Works, was built in Semyonovka.

[1] As a municipal division, Arsenyev Town Under Krai Jurisdiction is incorporated as Arsenyevsky Urban Okrug.

The climate of the town is characterized by a great contrast between summer and winter temperatures in comparison with the coastal Primorye.

The soil freezes as deep as 2 meters (6 ft 7 in) Large clay deposits that are used by the local plant of construction materials are found in the town's vicinity.

The suburban flora includes Japanese Yew (Taxus cuspidata), Amur Velvet, Manchurian Walnut (Juglans mandschurica), Ermann's Birch (Betula ermannii), Eleutherococcus, Lotus (Nelumbo nucifera, a rare and very beautiful water-plant that can be found in several small lakes twelve kilometers from Arsenyev).

There is a variety of fauna species in the area, including mammals, birds, and insects characteristic of Primorye.

The largest enterprise of the town are Askold Shipbuilding Plant and Progress, producing generally products for defense.

The high prices of raw materials have led to a halt in the production of umbrellas, furniture, and baby prams, that were by-products of Askold and Progress.

One possible solution to the problem is exporting military helicopters of Progress Stock Company, which have received worldwide approval.

Due to the highly technical industries located there, Arsenyev is characterized by a larger proportion of specialists with higher education compared with other cities of the Krai.

Arsenyev is situated between the Blue and Eastern-Blue Ranges of the Sikhote-Alin, on the right bank of the Arsenyevka river (the Ussuri's tributary).

In the area surrounding Arsenyev there are also many archaeological and natural monuments, acquainting visitors with the culture of the ancient tribes inhabiting these lands, with relics and endemic plants and animals.