Association helps promote Vietnam-Russia trade ties

Business and investment promotion activities arranged by the Vietnamese Business Association in Russia (VBAR) have remarkably contributed to boosting economic and trade links between the two countries, heard a conference in Suzdan city, Vladimir Oblast, Russia on August 12.

In his speech, VBAR Chairman Le Truong Son highlighted the association’s achievements as well as difficulties facing the organisation in the last year.

Participants focused their discussions on future orientations and ways to further effectuate activities of the association.

Russian is the leading priority partner of Vietnam not only in politics but also in trade, Lai Ngoc Doan from the Vietnamese Embassy in Russia said, hoping the VBAR would make greater contributions to strengthening the Vietnam–Russia Comprehensive Strategic Partnership.

The same day, a roundtable meeting was organised to discuss possibilities to expand cooperation between Vietnamese enterprises and Vladimir Oblast’s counterparts.

Members of the association introduced the Russian locality’s officials to their businesses’ strengths in the fields of textiles and garment, agriculture, industrial production and hypermarket chain.

Meanwhile, local officials briefed Vietnamese firms on the locality’s economic potential and committed to creating the most favourable conditions for Vietnamese companies to invest in the locality.

The VBAR is hoped to play an important role in boosting the Vietnam-Russia economic and trade ties in the time ahead, especially in the context that only one month, the free trade agreement between Vietnam and the Eurasian Economic Union officially takes effect.
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