Russian, Vietnamese firms enhance connectivity
Thursday, October 23,2014AsemconnectVietnam - Representatives from many Russian businesses in the fields of electricity, construction, underground, chemistry and petrochemistry met Vietnamese partners in Hanoi on October 22 to seek cooperative opportunities.
According to the Vietnam Chamber of Commerce and Industry (VCCI), two-way trade turnover hit nearly US$4 billion in 2013 and around US$1.52 billion in the first seven months of this year, accounting for just 0.5% of Russia’s total import-export value. However, Vietnamese hi-tech exports account for a small proportion.
The free trade agreement (FTA) between Vietnam and the Customs Union (Russia, Belarus and Kazakhstan) is expected to make a breakthrough in bilateral economic relations with the aim to raise bilateral trade value to US$7 billion in 2015 and US$10 billion in 2020.
To obtain the target, VCCI Secretary General Pham Thi Thu Hang said, support from the two States and Governments and efforts of businesses are needed.
The meeting will help Vietnam access new technologies from Russia to speed up infrastructure development and improve the economy’s competitiveness.
Meanwhile, manager of the “Russia-Vietnam: New Economies” project Strozaeva Lubov Viktorovna said strengthening bilateral cooperation, especially in economics, science and technology, will further deepen the strategic partnership for mutual benefit.
We proposed Vietnam coordination to hold an international conference in 2015 on prospective cooperation with Russian hi-tech firms, aiming to enhance bilateral technological ties, particularly among small and medium-sized enterprises, said Viktorovna.
Source: vov.vn
Vietnam, Canada look to boost trade cooperation
Binh Duong province seeks cooperation opportunities with Australian partners
Forum looks to promote Vietnam – Canada economic ties via CPTPP
Vietnam, Netherlands strengthen agricultural cooperation
US newswire sees positive signs in Vietnamese stock market
Hanoi, Vientiane expand business cooperation
Vietnam, US strengthen trade relations
Mini Thailand Week to take place in Quang Ninh this month
RoK’s Gyeongbuk, Chungbuk firms engage in business talks in Hanoi
Scholar analyses why US should recognise Vietnam as market economy
Vietnam, New Zealand eye further trade growth
Vietnam, Japan promote financial cooperation
Vietnam, New Zealand reinforce all-round ties, eye new level of relations
Vietnam’s financial market favoured by RoK investors
Plan of Hai Duong province for a period of 2021 - 2030, ...
Organize space reasonably and harmoniously, focusing on connecting Hai Duong in common development space, actively contributing to the ...Plan of Hau Giang province in a period of 2021 - 2030, ...
Sustainable forestry development program in a period of ...
Students promote Vietnamese culture in Russia
The Vietnamese Students’ Association in the Peoples' Friendship University of Russia (RUDN) held an event called "Bamboo Legend” on ...Exhibition on General Vo Nguyen Giap opens in Nghe An
Da Lat festival: Classical music taken out of auditorium ...