VN, Russia look to double trade volume

VGP – The two Governments of Viet Nam and Russia have reached agreements to tap the two countries’ abundant investment opportunities and potentials to double their current trade turnover of over US$3 billion in the next three years.

November 07, 2012 6:22 PM GMT+7

Deputy PM Hoang Trung Hai (standing) at the Viet Nam-Russia business round table discussion, Ha Noi, November 7, 2012 – Photo: VGP/Nguyen Linh

A Viet Nam-Russia business round table discussion was held on Wednesday by the Viet Nam Chamber of Commerce and Industry (VCCI) during the official visit to Viet Nam of Russian PM Dmitry Medvedev.

Vietnamese Deputy PM Hoang Trung Hai and Russian Deputy PM Arkady V. Dvorkovich co-chaired the event which drew the attendance of ministerial and sectoral leaders and business communities of the two sides.

Addressing the roundtable discussion, Deputy PM Hai said that economic and investment linkages play an important role in the traditional ties between Viet Nam and the Russian Federation.

The host leader proposed that the respective partners should strengthen information sharing and contacts to seek investment opportunities and vast potentials.

For his part, Russian Deputy PM Arkady V. Dvorkovich asserted that Russia is ready to create necessary conditions for Vietnamese and Russian partners to understand and boost cooperation.

Leaders of the two countries took this occasion to discuss the building of the Viet Nam-Russia investment environment, especially in the strategic cooperation fields including energy, oil and gas, electricity, banking, mechanics and infrastructure construction.

Representatives of the business circles showed their interests in the negotiations for FTA between Viet Nam and the Russia-Belarus-Kazakhstan Customs Union. This would be a special chance for Vietnamese and Russian enterprises to beef up investment and business./.

By Kim Loan