Russia seeks economic cooperation with VietnamThursday, March 16,2017
A senior Russian delegation led by Deputy Prime Minister Yuri Petrovich Trutnev March 14-15 visited Vietnam to seek economic cooperation with the Southeast Asian nation.
At the meeting with Russian delegates,Deputy Prime Minister Trinh Dinh Dung hailed the results of the delegation’s working sessions with Vietnamese ministries, especially a meeting with major enterprises to introduce potential, advantages investment attraction incentives in Russia’s Far East region on March 14.
Deputy PM Dung highlighted the development of Vietnam-Russia traditional friendship and comprehensive strategic partnership as well as political ties with regular exchanges of high-level delegations.
Vietnam always treasures and places priority on all-around cooperation with Russia and the Vietnamese Government always supports and assists the two countries’ localities to set up ties and boost cooperation in the fields the two sides need and have advantages, Dung told his guests.
However, he said, Vietnam-Russia cooperation in the economy, trade and investment is still moderate and is still far from matching each side’s potential and advantages.
He underlined the need to devise proper measures to step up bilateral cooperation in the potential areas, increase information on cooperation potential and preferential policies for enterprises, and have direct surveys on markets.
Deputy PM Yuri Petrovich Trutnev agreed that economic cooperation has been below expectation as two-way trade only stands at US$3.8 billion, requiring greater efforts to achieve the US$20 billion target by 2020.
He said Russia is giving priority to the development of the Far East region and has adopted numerous incentive policies.
The Deputy PM called on Vietnamese companies to invest in the Far East region, adding many enterprises from Japan, the Republic of Korea and China are operating efficiently there.
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