Vietnam, Russia increase economic arbitration cooperation

The assertion was made by HCM City Vice Mayor Le Minh Tri when receiving Amasov C.M, Vice President of the Russian supreme commercial court and a Vietnam-Russia friendship delegation on April 5. 

At the reception, the Russian official suggested that the two countries establish cooperative relations in the field by studying the legal system to discover similar features and jointly compile documents pertaining to the two countries’ legal activities and courts. 

He said he hopes that the municipal leaders will support the promotion of socio-economic exchanges between Vietnam and Russia, especially at a time when bilateral trade is growing rapidly. 

Minh said that HCM City is now a giant economic centre with many domestic and international businesses operating in the city. It requires the city’s leader and relevant agencies to work together to deal with trade competition issues. 

Currently, commercial arbitration centres in the city are actively operating, which is expected to create a wealth of opportunity for the city and Russia to exchange information in the field.