Vietnam, Russia’s economic potential introduced
(VOV) - Economic and investment potential in Vietnam and Russia’s Kursk region was introduced at a October 7 forum in Moscow.
Addressing the forum, Vietnamese ambassador to Russia, Pham Xuan Son described the event as a good opportunity to promote trade and economic cooperation among localities thus increasing two-way trade turnover to a higher level.
Kursk and Vietnamese localities have cooperated for years, especially in agriculture, food industry, mineral exploration and transport.
For his part, Kursk regional Mayor, Alexander Mikhailov thanked the Vietnamese embassy and the Ministry of Foreign Affairs for supporting the organization of the forum while hoping that both nations’ businesses will seek investment projects and diversify trade promotion to stimulate local economic development.
Entrepreneurs introduced potential and advantages of cooperation in such areas as agricultural production, food processing, fine arts & handcrafts, mineral exploration, and machinery manufacturing, medicine and pharmacy.
Kursk businesses showed their keen interest in broader cooperation in new fields like culture and tourism.
Trade turnover between Kursk and Vietnamese localities has now reached US$1.4 million. Vietnam’s major exports to the region include tea, coffee, and fine arts and handicraft products while its key imports are sugar, chemicals, fertilizer and automobile battery.
Ten cooperation agreements on food, farm produce processing, medicine and tourism were signed.