Vietnam will organise a series of events in Russia in response to the signing of the free trade agreement (FTA) between Vietnam and the Eurasia Economic Union (EEU).
TNG Investment and Trading JSC exports garment and textile products to Russian market (Photo: VNA)
Hanoi (VNA) - Vietnam will organise a series of events 🦄in Russia in response to the signing of the fr𒀰ee trade agreement (FTA) between Vietnam and the Eurasia Economic Union (EEU).
The events will be jointly held by the Ministry of Industry and Trade (MoIT), the Vietnamese Embassy in Russia, State Committee of the Overseas Vietnamese Affairs, and the Bank for Investment and Development of Vietnam (BIDV), in addition to the Hanoi-Moscow Trade Centre Investment Joint Stock Company (INCENTRA).
Accordingly, a world-wide conference of Vietnamese entrepreneurs will be held on November 10. The two-day event is expected to attract participation of 150 Vietnamese entrepreneurs from around the world of which 70 are overseas Vietnamese in Russia. This will be the largest conference of its kind so far.
Participants will have the opportunity to visit production units of Vietnamese businesses in Russia. The entrepreneurs will also be honoured for their contribution to Vietnam as well as having the chance to connect to Vietnamese businessmen worldwide.
A Vietnam-Russia forum on promoting trade cooperation and bilateral payment is also to be held on November 12. The forum aims to connect importers and exporters of the two countries, creating opportunities for businesses to seek cooperation. It will introduce opportunities and benefits of imports and exports after the FTA comes into effect. The bilateral payment channels, their advantages and preferences, as well as issues relating to the payment will be released at the forum.
The forum has drawn special attention of exporters from the two countries. The organising board said that around 300 to 350 firms, which include 200 Vietnamese companies and the rest from Russia, would take part in the event.
Specifically, the Vietnam-Russia Bank and BIDV and VTB will speak about the two-way payment channels which have been a bottleneck for trade between the two countries over the past year.
A one-month long exhibition on high quality Vietnamese goods is set to begin on the same day. Around 170 Vietnamese enterprises with hundreds of tonnes of goods will be transported to Russia by sea and air. Food, garment and textiles, handicrafts, and seafood, apart from tea, coffee and confectionery, will be showcased at the event. The goods are required to meet with Vietnamese standards and should be suitable for the Russian market. About 4,000 to 5,000 Russian firms will be attending the exhibition.
Special conferences on connecting agricultural and foods businesses, wooden furniture and interiors, with experiences on access to Russian markets will be organised under the aegis of the exhibition.-VNA
Vietnamese and Russian leaders have agreed to speed up negotiations and signing of a free trade agreement (FTA) between Vietnam and the customs all🐬iance of Russia, Belarus and Kazakhstan.
The Russian Centre of Science and Culture (RCSC) held a press briefing in Hanoi on October 31 to announce the outcomes and prospects of the Vietnam – Russ🦹ia trade, scientific and technological cooperation in agriculture, energy and industry.
Prime Minister Nguyen Tan Dung has urged negotiation delegations of Vietnam and the Customs Union of Russia, Belarus and Kazakhstan to soon complete remaining procedures for the signing of their Free Trade Agreement (FTA) in early 2015.
The bilateral trade between Vietnam and Russia is expected to reach 10 billion USD by 2020, following a Free Trade Agreement between Vietnam and the Eurasian Economic Union.
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TNG Investment and Trading JSC exports garment and textile products to Russian market (Photo: VNA)
