Exports to Russia nearly double

(VOV) - Russia is an attractive Vietnamese export market thanks to incentive policies on tariffs and strong consumer demand.

In the first half of the year, Vietnam’s exports to Russia skyrocketed 92.72% year-on-year to US$797.2 million, according to the General Office of Statistics (GSO).

Vietnam exported mainly mobile phones and spare parts, garments and textiles, coffee, footwear, computers and electronics.

Exports of machinery, tools and spare parts experienced high growth rates.

To boost exports to Russia, Vietnamese businesses need to adapt themselves to standards this market requires, grasp market information and have access to tax and financial agencies, and banks in the country of residence to learn more about their support policies.