Vietnam, Russia’s Udmurtia Republic seek to boost trade bond
An online workshop to promote trade cooperation between Vietnam and the Udmurtia Republic, a federal subject of Russia, took place on November 27, bringing together representatives from enterprises of both sides.
A corner of Izhevsk city of the Udmurtia Republic (Photo: Wikivoyage)
Moscow (VNA) – An online workshop topromote trade cooperation between Vietnam and the Udmurtia Republic,a federal subject of Russia, took place on November 27, bringing together representativesfrom enterprises of both sides.
In his opening speech, head of the UdmurtiaRepublic Alesander Brechalov briefedparticipants on Udmurtia’seconomic potential, saying that he expects the event will help the two sides’enterprises understand each other's proposals.
Udmurtia ranks first in terms of cheese production and third in milk productionin Russia, he said, adding that the Udmurtia has two cities with investmentincentives and four industrial parks being available for serving businesses.
He expressed his hope for expanding cooperation with Vietnam.
For his part, General Director of the Trade Promotion Agency of the Ministry ofIndustry and Trade of Vietnam Vu Ba Phu said the workshop offers a good chanceto introduce cooperation potential to the two sides in particular, and betweenVietnam and Russia in general, especially in the context of severe impacts posedby the COVID-19 pandemic on global business and trade.
The agency will work closely with the Russian Trade Office in Vietnam tofurther boost trade cooperation between the two countries.
Vyacheslav Kharinov, Chief Representative of the Russian Trade Officein Vietnam expressed his wish that Udmurtia businesses will increase contact withVietnamese partners to access this growing market.
In the first nine months of 2020, bilateral trade between Vietnam and Russia reached4.1 billion USD, up 8 percent year on year, said head of the Vietnam CommercialAffairs Office in Russia Duong Hoang Minh./.
The Udmurtia Republic, a federal subject of Russia, is planning a webinar on November 17 to promote its export and investment potential to Vietnamese businesses and agencies.
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A corner of Izhevsk city of the Udmurtia Republic (Photo: Wikivoyage) 
