Vietnam, Russia eye expanded trade links

Moscow (VNA)
Vietnam always welcomes and wishes to receive investments from Russia,
especially in the fields of energy, oil and gas exploitation and refinery, industrial
equipment and auto manufacturing, President Tran Dai Quang has said.

Addressing a Vietnam-Russia economic seminar in Moscow on June 30, the
Vietnamese State leader called on the Russian side to create favourable
conditions for Vietnamese firms to seek business opportunities in the Eurasian
country in agriculture, food processing, IT, consumer goods, services, real
estate, and mining.

He hoped the free trade agreement (FTA) between Vietnam and the Eurasia
Economic Union (EAEU), which
took effect in October last year, will
enable Vietnam’s textile products, processed agro-aquaculture products and
seafood, wooden products, electronics, and consumer  goods to access the Russian market.

He also underlined the importance of the two sides’ business communities in
promoting the bilateral cooperation, urging them to prepare for new
opportunities.

Vietnamese and Russian businesses should share new ideas and creative solutions
with each other and become pioneering forces in fostering economic links,
contributing to reinforcing and deepening the friendship between the two
nations, President Quang said.

Vietnam will make it easy for Russian businesses to seek and set up investment
and trade ties with Vietnamese partners, he added.

In his speech, Russian Minister of Economic Development Maxim Oreshkin stressed
potential for the two countries to expand economic and trade cooperation, especially
in energy, industry, oil and gas, and transport.

The Vietnam-EAEU FTA creates a good
motivation for stepping up economic, trade and investment links between Vietnam
and Russia, he stressed, calling
on both sides to focus on developing new investment projects in the time ahead.

Agreements signed during President Quang’s visit to Russia will create an impetus
for the bilateral cooperation in the future, he said, affirming that Russia is
willing to facilitate the import of Vietnam’s fruits and aquatic products, as
well as support the Southeast Asian country in developing electricity and
mining industries.

He expressing his belief that newly-signed projects will help lift two-way
trade between Russia and Vietnam.

The minister asked the two sides to outline a medium-term economic, trade and
investment cooperation programme, affirming that the cooperation between the
two countries’ businesses will contribute to developing the Russia-Vietnam
Comprehensive Strategic Partnership in a sustainable manner.

The seminar, jointly hosted by the Vietnamese Ministry of Planning and
Investment and the Russian Ministry of Economic Development, saw the participation
of representatives from 500 enterprises of the two countries.-VNA



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