Hanoi (VNA) 🌊– Russia’s biggest truck producer KAMAZ plans to increase its export to Vietnam from 700 trucks in 2015 to 1,000 ones this year.
The Russian news agency Sputnik on June 18 carried the news that KAMAZ Director General Sergey Kogogin and Chief Executive Officer of the Russian Export Center (REC) Petr Fradkov on June 17 signed an agreement on supporting Russia’s export.
The deal is part of the bilateral cooperation to bring KAMAZ’s products to the Vietnamese market.
The two sides will develop the optimal supply chain to deliver KAMAZ trucks to Vietnam while considering the possibility of supporting transport costs in Russia and planning to take measures to reduce import tax.
KAMAZ trucks have been exported to many regions around the world, including East Europe, China, the Middle East, and North Africa.
The company produces nearly 94,000 trucks each year.-VNA
The first industrial exhibition EXPO Russia-Vietnam 2015 and the Vietnam-Russia Business Forum will take place in Hanoi this month, said the Vietnam Chamber of Commerce and Industry (VCCI).
The Vietnam - Russia Business Forum took place on December 14, discussing the two sides’ economic cooperation within the framework of the Free Trade Agreement (FTA) between Vietnam and the EAEU.
Vietnam and Russia set to increase two-way trade through implementing investment projects and articles of the free trade agreement between Vietnam and the Eurasian Economic Union (EAEU).
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Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
Illustrative image (Photo: pinterest.com)
