Chairman of the Russia-Vietnam Friendship Association Vladimir Buianov (Source: VNA)Moscow (VNA) – The Russia visitby General Secretary of the Communist Party of Vietnam Nguyen Phu Trong will helplift bilateral relations to a new height, thus meeting the two peoples’interests and contributing to peace and development in the region.
Chairman of the Russia-Vietnam FriendshipAssociation Vladimir Buianov made the affirmation in an interview with VietnamNews Agency ahead of the visit, which takes place from September 5-8.
Buianov said bilateral ties are developingwell. The two countries have high political trust, reflected through regularvisits by their high-ranking leaders, and have relatively similar stances oninternational issues.
Two-way trade has exceeded 3 billion USD,and is expected to rise to 10 billion USD by 2020.
The current figure fails to meet thenations’ potential and capacity, but several positive signs have been seen, hesaid.
According to him, the Free Trade Agreementbetween Vietnam and the Eurasian Economic Union (EAEU), which became effectivein October 2016, has helped increase Vietnam-Russia trade.
Vietnam has invested in husbandry in Russia,most notably the project Vietnamese dairy firm TH True Milk’s cow breeding anddairy processing complex.
The two countries should establish a jointventure in the husbandry sector, he suggested.
To boost bilateral trade, Buianov stressedthe need to implement signed agreements and commitments, and expandcollaboration between the nations’ small- and medium-sized enterprises.
He expressed his belief that Party GeneralSecretary Trong’s visit will help enhance bilateral ties in both politics andeconomy.-VNA
VNA
