Vietnam and Russia have witnessed remarkable trade and economic ties over the recent past, with trade volume showing robust growth despite global headwinds, according to Deputy Minister of Russian Economic Development Vladimir Ilichev.

The official visit to Russia by National Assembly Chairman Tran Thanh Man, which will see the top legislator co-chairing the third session of the Vietnam-Russia Inter-Parliamentary Cooperation Committee, is expected to create new momentum for bilateral trade – a highlight in the two nations’ relationship since they established diplomatic ties in 1950.

VOV.VN - Two-way trade turnover between Vietnam and Russia hit US$2.74 billion in the past seven months, marking a remarkable increase of 45.5% year on year.

The Consulate General of Vietnam in Vladivostok and the Vietnam Trade Office’s branch in the Far East on August 21 held a workshop to promote Vietnam-Russia foreign trade through Vladivostok port.

VOV.VN - Vietnam’s trade turnover with Russia in the first half of the year endured a drop of 18.63% to US$2.02 billion against the same period from last year due to the impact of the Russia-Ukraine conflict, according to statistics released by the General Department of Vietnam Customs.

An online forum promoting trade in agro-fisheries between Vietnam and Russia will be held on November 23.

Vietnamese Deputy Prime Minister Le Van Thanh and his Russian counterpart Dmitry Chernyshenko co-chaired the annual 23rd meeting of the Vietnam – Russia Inter-Governmental Committee on Economic, Trade and Scientific-Technological Cooperation via videoconference on October 29.

There remains huge room for Vietnam to boost exports of farm produce, seafood, foodstuffs and beverages to Russia, which has great demand for these goods, experts have said.