Vietnam, Russia’s Kursk province reinforce partnership

Vietnamese firms converged at a business forum in Hanoi on December 7 to learn about the potential of doing business in the Russian province of Kursk.
Vietnam, Russia’s Kursk province reinforce partnership ảnh 1Illustrative image (Source: Internet)
Hanoi (VNA) – Vietnamesefirms converged at a business forum in Hanoi on December 7 to learn about thepotential of doing business in the Russian province of Kursk.

Speaking at the event, Chairman ofthe Kursk committee on external relations Grebennikov Vicktor Nikolaevich saidKursk boasts a convenient location and temperate climate suitable forcultivation and animal breeding. The province produces different types of cereals,high-quality meat and dairy products, and develops heavy and light industries,and mining.

Hoang Quang Phong, Vice Chairmanof the Vietnam Chamber of Commerce and Industry (VCCI), said Vietnam-Russia tieshave been strengthened in the pillar fields of trade, investment, oil and gas,and energy. Two-way trade is on the upward trend.

Vietnam has so far invested in 20projects worth 3 billion USD in Russia while Russian businesses have poured2.08 billion USD into 114 projects in Vietnam.

Kursk province and Vietnam couldsupplement each other in the fields of industry, agriculture, food,communications and mining, Phong said.

Tran Kim Oanh, Director of theIndustry and Trade Investment Promotion Centre from the Ministry of Industryand Trade’s Vietnam Trade Promotion Agency, said two-way trade between Vietnamand Kursk hit 2 million USD last year.

According to Oanh, Kursk exportsmechanical products, electrical appliances, chemicals, consumer goods and foodto Vietnam.

The two sides can expand collaborationin industry, nuclear power, agriculture and processing, education - training,and tourism.

A number of Kursk-based firms suchas the Kursk nuclear power plant, Spektr-Pribor, Conti-Rus are interested inexpanding partnership with Vietnam./.

VNA

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