The Chief Representative of the Russian Trade Office in Vietnam,Maxim Golikov, has suggested that Russia and Vietnam expand cooperationin trade and investment and carry out more policies to supportbusinesses in order to gain sustainability in trade turnover.
Speaking at a press conference on Russia-Vietnam investment prospectsin Hanoi on May 20, he stressed the need to focus on projects thatboost socio-economic developments in the two nations, particularly thoserelating to new technologies.
He also told themedia that investment attraction was one of the main issues mentioned atRussian Prime Minister Dmitry Medvedev’s working sessions withVietnamese leaders during his official visit to Vietnam in April. Morethan a half of the eight cooperation documents signed at that timerelated to investment cooperation.
To achieveinvestment cooperation targets, the two countries have introduced newmechanisms, including the inter-governmental working group onprioritised investment projects. Additionally, the free trade agreementbetween Vietnam and the Eurasian Economic Union of Russia, Belarus andKazakhstan, once effective, will create a systematic motivation forinvestors and new preferential policies for important investmentprojects, he added.
According to the official,economic-trade-investment ties between Vietnam and Russia have seenpositive developments, with two-way trade reaching 2.59 billion USD in2014.
Vietnam now runs 19 investment projectsworth 2.47 billion USD in Russia, focusing on the fields of trade andoil and gas. Energy remains a strategic cooperation field, bringingabout significant revenues for both sides.-VNA
