Binh Duong inks cooperation deal with Russia’s Oryol Oblast
Vietnam’s southern province of Binh Duong and Oryol Oblast, a federal subject of Russia, signed a memorandum of understanding (MoU) on setting up multi-faceted cooperation in Oryol city on July 7.
A view of Thu Dau Mot city of Binh Duong province (Photo: VNA)
Oryol (VNA) – Vietnam’s southern province of BinhDuong and Oryol Oblast, a federal subject of Russia, signed a memorandum ofunderstanding (MoU) on setting up multi-faceted cooperation in Oryol city onJuly 7.
Vice Chairman of the Binh Duong People’sCommittee Mai Hung Dung said the document on cooperation, including ineconomy-trade, science-technology and culture, is a foundation for the twosides to enhance their friendship and mutual understanding. It is especiallymeaningful as it was signed shortly after President Tran Dai Quang’s recentofficial visit to Russia during which the two countries’ leaders stressed theresolve to boost bilateral trade to 10 billion USD in 2020.
He introduced his province’s potential toRussian officials, noting that it is one of the five localities attracting mostforeign investment in Vietnam. It has so far been home to nearly 3,000 foreigninvested projects with total capital of over 27 billion USD from 59 countriesand territories.
The Governor of Oryol Oblast, Vadym Potomsky,affirmed that reinforcing the Vietnam-Russia strategic partnership is thedetermination of both countries. He valued Vietnam’s development and growingeconomic and political influence.
Vietnam is the first country to ink a free tradeagreement with the Eurasian Economic Union, which is led by Russia. Therefore,it is also the first to have favourable access to the Russian market andpartner countries of Russia.
He added with favourable geographical location,Oryol Oblast is able to help deliver Vietnamese goods to the centre of Russia.
Vice Chairman Dung told Vietnam News Agency thatBinh Duong will promote export to Oryol Oblast in the near future. While localbusinesses showed their interest in such products as cashew and coffee whichare the strength of Binh Duong, businesses of the Vietnamese province want tobuy Russia’s technologies, such as oil refining technology.
Binh Duong, with the most dynamic growth inVietnam, has big demand for skilled personnel and high technology. Meanwhile,the Russian side is also able to ensure cooperation in science-technology andtraining of students, lecturers and researchers, he added.-VNA
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A view of Thu Dau Mot city of Binh Duong province (Photo: VNA) 
