Forum boosts Vietnam-Russia trade links

Wednesday, 16/12/2015 08:36
The Vietnam - Russia Business Forum took place on December 14th in Hanoi , discussing the two sides’ economic cooperation within the framework of the Free Trade Agreement (FTA) between Vietnam and the Eurasian Economic Union (EAEU).

The event, organised by the Vietnam Chamber of Commerce and Industry (VCCI) in collaboration with the Russian Trade Representative Agency in Vietnam, also aimed at strengthening economic and trade ties between Vietnam and Russia, as well as boosting export-import activities between their enterprises.

VCCI’s Deputy Chairman Hoang Quang Phong said business communities would be provided information and consultation on the terms and commitments of the Vietnam-EAEU FTA as well as investment mechanisms and preferential policies.

                                                                        Visitors at the expo (Photo:VNA)
In parallel with the business forum, the EXPO Russia-Vietnam 2015 is being held from December 14th-16th.

About 40 Russian enterprises are showcasing their latest technologies in various fields, including energy, mechanical engineering, transport infrastructure, telecommunication and communications, mining, chemistry, medicine and agriculture, said Zarubezh-Expo Chairman David Vartanov.

Vietnam signed a FTA with the EAEU, including Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan , last May.

Vietnam and Russia have implemented their strategic partnership for more than ten years and comprehensive strategic partnership for three years.

Two-way trade hit USD2.55 billion last year and USD1.4 billion in January-August. Vietnam has invested USD2.4 billion in 18 projects in Russia./.