Forum boosts Vietnam-Russia trade links
(VOV) - The Vietnam-Russia Business Forum accelerated Vietnam-Russia relations, opening up both challenges and opportunities, Vice President of Russian Chamber of Commerce and Industry, Nhikolaievich Kurochkin told the forum in Moscow on September 16.
Russian Industry and Trade Deputy Minister, Yuri Slyusar in turn held that the presence of large businesses at the forum will offer more opportunities to further develop the strategic and comprehensive partnership between the two nations.
For his part, Trade and Industry Minister Vu Huy Hoang stressed Russian businesses have had opportunities to invest in Vietnam and penetrate the ten ASEAN member states’ markets with 600 million people.
 |
He expressed hope that both sides will continue to promoting economic, trade and investment relations in accordance with the signed agreements under the framework of the recent Vietnam – Russia Intergovernmental Committee on economic, commercial and scientific - technological cooperation.
During the forum, Vietnamese and Russian businesses also discussed advantages and prospects for future bilateral relations. Many businesses signed agreements, contracts and memorandum of understanding (MoU) to establish trade and investment ties directly in each other’s market.
 |
A delegation from northern Thai Binh province conducted a survey on the potential market for the first time and signed a MoU with Russia’s New Lujniki Company to export rice, farm produce and ceramic products.
Ly Thai Hung, director of Hung Cuc Co, Ltd – a leading company for exporting rice in the Red River Delta said there are bright prospects for Vietnamese rice products and other foreign businesses in Russia which is a gateway to penetrate to the European market. He also unveiled a plan to expand to the retail market in Russia or provide goods to retailers
 |
In a recent interviewed granted to a VOV reporter on prospects for cooperative relations with Vietnam, Jamin Romen, New Lujnik Company General Director said due to the recent US embargo, the Russian market lacks food resources that can meet by Vietnamese businesses.
Solutions should be devised to bring agricultural products to Russia in the fastest way, as there exists huge potential for exporting farm produce to the market.