The State leader said he was pleased to welcome the Russian guests, expressing the wish that they will harvest good results during their visit, opening new possibilities for cooperation between the two countries’ businesses.

He thanked the people of the former Soviet Union and the current state of Russia for supporting Vietnam during its struggle for independence in the past as well as its current national development.

While affirming Russia is a traditional, faithful and reliable friend of the Vietnamese people, President Triet expressed his wish that cooperation between the two countries would become more effective in the future.

He also congratulated Russia on its recent successes, saying that the increasing role and position of Russia, especially in economics, science and technology, and the military, have contributed to stabilising the world situation.

For his part, Kostin informed the State President of the results of his delegation’s meetings with leaders of major Vietnamese enterprises. Businesses on both sides agreed to boost investment cooperation in energy, auto assembly and tourism projects in Vietnam.

The two sides agreed on the establishment of a Russian business investment fund in Vietnam and the investment by Vietnamese enterprises in energy and mining in Russia as well as the development of a joint venture to invest in a third country.