At the dialogue (Photo: VNA)Hanoi (VNA) – Government officials and businesses of Vietnamand Russia attended a high-level dialogue forum held in Hanoi on October 29 bythe Vietnam Chamber of Commerce and Industry (VCCI) and the office of theRussian Presidential Commissioner for Entrepreneurs’ Rights.
Addressing the forum, which was occasioned by a working trip to Vietnamby Russian Deputy Prime Minister Maxim Akimov and a business delegation, DeputyPrime Minister Trinh Dinh Dung said the event is a good initiative to enhancethe effectiveness of Vietnam-Russia cooperation in many fields.
He expressed the hope that the time-tested relations between the twocountries will continue to advance further, and affirmed that the VietnameseGovernment will always be a reliable strategic partner of Russia.
Vietnam is committed to creating the best possible conditions forRussian businesses to invest in Vietnam, the Deputy PM said.
On the Russianpart, Deputy PM Akimov noted that the business communities of the two countrieshave cooperated with each other for years, reaping positive outcomes.
He said he is certain that Russian businesses will make a greaterpresence in Vietnam. At the same time, the Russian Government pledges to createfavourable conditions for Vietnamese firms to invest in Russia.
Besides the traditional cooperative areas of oil and gas and energy,Russia plans to expand ties with Vietnam in high technology, telecoms andelectronics, and digital technology, the Deputy PM said, stressing thate-Government, information security and smart city will be the three focuses ofbilateral cooperation in the time to come.
The PresidentialCommissioner for Entrepreneurs’ Rights Boris Titov said Russia has realized thatthe two countries have not made full use of their potential and opportunitiesin economic cooperation. Therefore, Vietnam and Russia should promote theirpartnership, and specific measures are needed to address issues of mutualconcern, he said.
On behalf of the Vietnamese business circle, VCCI Chairman Vu Tien Locreported that trade between Vietnam and Russia has developed strongly with anaverage growth of 30 percent a year after the signing of the Vietnam-Eurasian EconomicUnion.
Two-way trade turnover rose by 28.6 percent year-on-year to reach nearly4.6 billion USD in 2018, with Russia’s exports valued at 2.44 billion USD.
At present, Russia is the 24th largest foreign investors inVietnam with 123 projects and 932 million USD in registered capital.
Meanwhile, Vietnam has 22 investment projects in Russia with totalcapital of nearly 3 billion USD.
Loc highlighted the dairy cow farming and milk processing projectsinvested by TH True Milk in Moscow and Kaluga as the bright examples inVietnam-Russia relations.
Vietnamis currently the 23rd biggest trade partner of Russia globally, thelargest in the Association of Southeast Asian Nations (ASEAN) and the sixth inAPEC, Loc said, stressing that those figures demonstrated that bilateral tieshave been growing strongly based on not only traditional advantages but alsonew opportunities./.
VNA
