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Vietnam-Russia economic forum held in Moscow

Almost 400 Vietnamese and Russian businesses attended the Vietnam-Russia economic forum entitled, “Strategic partnership – comprehensive cooperation” in Moscow , Russia , on Sept. 15.
Almost 400 Vietnamese and Russian businesses attended the Vietnam-Russiaeconomic forum entitled, “Strategic partnership – comprehensivecooperation” in Moscow , Russia , on Sept. 15.

Addressing the opening ceremony, Vice President of the Chamber ofCommerce and Industry of the Russian Federation George Petrov said thatRussia and Vietnam have combined actions based on the finetraditional friendship, mutual trust and understanding, active politicaldialogue and cooperation for mutual interest.

Two-way trade value recorded a year-on-year increase of 8.2 percent tomore than 1.5 billion USD in 2009 despite the global economic crisis andreached 924 million USD in the first half of the year, he said.

Vietnam now has 59 Russian-invested projects totalling morethan 576 million USD, excluding those of the oil and gas industry, headded.

However, Petrov noted, the two countries have yet brought into play the full potential of the bilateral relationship.

He suggested the two countries’ businesses increase contacts,exchange market information and further coordinate with each other ingaining access to other regional markets.

Heexpressed the hope that both countries would sign a number ofcooperation agreements to further promote the strategic partnership andcomprehensive cooperation during Russian President Dmitry Medvedev’supcoming visit to Vietnam .

Petrov also called on Vietnamese businesses to invest in and cooperate with Russia ’s Far East and Sibir regions.

Vice President of the Vietnam Chamber of Commerce and Industry (VCCI)Pham Gia Tuc took the occasion to introduce almost 100 Vietnamesebusinesses participating in the Vietnamese Days in Russia expo andVCCI’s business promotion and connectivity activities.

For his part, Minister of Industry and Trade Vu Huy Hoang spoke ofthe advantages of Vietnam ’s business and investment environment,saying that the nation is an active developing market which is safe andstable and deeply integrating into the global economy.

Vietnam ’s policy considers the foreign-invested businesses aspart of Vietnamese business and creates favourable conditions forinvestors, he confirmed.

He called on overseasVietnamese business people in Russia to invest directly or throughjoint ventures in the home country.

A seminar onthe establishment of Vietnamese businesses’ representative offices inRussia and a meeting between the two countries’ businesses took placewithin the framework of the forum./.

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