At the meeting (Photo: VNA)Hanoi (VNA) – The Vietnam Chamber ofCommerce and Industry held a meeting for Vietnamese and Russian businesses inHanoi on March 14 to exchange cooperation opportunities in numerous fields.
Vice Chairman of the VCCI Hoang Quang Phong saidVietnam and Russia boast long-standing economic and trade relations.
Vietnam wants to cooperate with Russia in suchareas as energy, infrastructure development, oil and gas, and mechanicalindustry, he said.
Vietnam will create favourable conditions for andshare relevant information with Russian firms to carry out specific projects inthe Southeast Asian country, he added.
Vietnam is a large market with over 90 millionconsumers and has political stability.
The country welcomes cooperation activities andinvestment from Russia, he added.
In 2018, two-way trade reached 4.57 billion USD.The two countries are aiming for 10 billion USD in bilateral trade by 2020.
Vietnam mainly imports machinery, industrialequipment, iron, and steel from Russia; while exporting rice, coffee, andseafood to the market.
Vietnamese firms have been implementinginvestment projects in Russia in the fields of telecommunications, oil and gasexploitation, construction, operation of trade centres, and milk processing,which have reaped encouraging outcomes. –VNA
VNA
