Russian enterprises remain keen on Vietnamese market
VOV.VN - Several Russian firms on September 7 showed their interest in investing in Vietnam by unveiling plans to do business in the country at a working session on the Vietnam – Russia business cooperation as part of the 7th Eastern Economic Forum in Vladivostok city.
At the event, representatives of Russian enterprises expressed their optimism about bright prospects ahead for strengthening business co-operation between the two countries, on the back of the Vietnam – Russia long-standing traditional friendship, a dynamic Vietnamese economy, and a large Vietnamese market of roughly 99 million consumers.
Erkozha Akylbek, chairman of the Board of Directors of Udokan Copper Company, which specialises in metallurgy and mining, said the firm has already mapped out plans for the consumption of its finished products in countries in the Asia-Pacific region, including China, India, and Vietnam.
Meanwhile, Oleg Deripaska, chairman of the Supervisory Board of Stolypin Institute for the Economy of Growth, pointed out Vietnam is a key Russian partner in the Indo-Pacific region, and there is a diverse range of co-operation fields between the two sides, such as energy, oil and gas, manufacturing, and agriculture.
Vietnam becomes an increasingly attractive market for Russian products thanks to its steady economic growth, while Vietnamese enterprises also have a wealth of opportunities in the Russian market, particularly those with highly competitive products in terms of quality, he added.
At present, Russia is one of the leading suppliers of raw materials in the world, ranging from energy to metals and polymers. Ensuring a sustainable supply source of low-carbon raw materials remains a critical step towards achieving net-zero emissions by 2050.
Representatives of the Vietnam National Assembly Committee for Economic Affairs assessed that nuclear power should also be considered as part of Vietnam’s electricity development planning moving forward as it is undergoing a green transition. They said if Vietnam returns to its plan to develop nuclear power, Russia is likely to become an important partner in providing advanced technology and expertise.
During the working session, both sides raised several issues to be resolved in order to promote effective economic relations, including the development of existing logistics and infrastructure networks and simplification of customs procedures.