Russia, Vietnam businesses seek closer cooperation
(VOV) - On September 29, the Vietnam Chamber of Commerce and Industry (VCCI) held a meeting between Vietnamese businesses and Russian counterparts to share information and seek investment opportunities.
The visiting Russian business delegation comprises firms operating in urban construction design, infrastructure, transport, construction materials and medical equipment industries.
VCCI Secretary General Pham Thi Thu Hang highlighted Vietnam as an attractive market for Russian investors, especially in the fields of new energy, renewal energy, industry, hi-tech, manufacturing, engineering and petrochemicals.
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“Vietnam welcomes and creates the best possible conditions for Russian businesses and other partners to run investment in the country. We hope that businesses from the two countries will find cooperation opportunities to fully exploit potential in line with their expectations,” Hang said.
Economic cooperation between the two nations has expanded in four key areas – trade, investment, oil and gas and power energy as a results of underway cooperation projects over recent years.
Total trade volume has increased from US$500 million in 2001 to almost US$3 billion in 2014.
Strozhaeva Lubov Viktorovna, head of the Russian business delegation, said Russian businesses are willing to cooperate and set up joint ventures with Vietnamese partners.
Nguyen Tan Hoa, Senior Adviser of Hanel Hanoi Company affirmed his firm’s readiness to cooperation with Russian businesses who boast great potential in finance and hi-tech sectors.