A welcome ceremony forthe State leader was held at Vnucovo-2 airport, which was attended by RussianDeputy Foreign Minister Igor Morgulov, Russian Ambassador to Vietnam KonstantinVnukov, and Vietnamese Ambassador to Russia Nguyen Thanh Son, among others.
President Tran DaiQuang’s entourage includes Deputy Prime Minister and Foreign Minister Pham BinhMinh, Secretary ofthe Hanoi Party Committee Hoang TrungHai, Minister of FinanceDinhTien Dung, Minister of Planning and Investment Nguyen Chi Dung, Minister ofIndustry and Trade Tran Tuan Anh, Minister of Education PhungXuanNha, andMinister of Information and Communication Truong Minh Tuan.
Vietnam and Russiahave enjoyed a growing relationship over the past years. The two sidesrecognised each other’s market economy in 2017.
Their economic andtrade connection has also been developing. Oil and gas cooperation projects arebeing implemented in both countries and bilateral trade is growing, reaching2.7 billion USD in 2016, up 25 percent from 2015. The figure was 1.37 billionUSD in the first five months of 2017. The expansion of the partnership in autoassembly and production also shows promise.
A free tradeagreement between Vietnam and the Eurasian Economic Union, of which Russia is amember, was signed in 2015 and took effect on October 5, 2016.
Russia is currentlyranks 23th among 116 countries and territories investing in Vietnam. Vietnam’sinvestment in Russia has also increased from 100 million USD in 2008 to 2.4billion USD currently, mostly in oil and gas, trade and agriculture.
Affiliation indefence-security, science-technology, education-training and culture-tourism hasalso been tightened. Cultural exchanges have been held regularly.
Russia is one of the10 biggest sources of foreign tourists to Vietnam. More than 430,000 Russiantourists came to Vietnam in 2016, up 12.8 percent year on year.
More than 5,000Vietnamese students are studying in Russia.
Since 1991, the twosides have signed over 100 cooperation documents in all fields, includingeconomy, trade, investment, oil and gas, nuclear power, education and training,culture, science and technology, and defence.-VNA