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Russians talk up trade in Far East

Update: June, 18/2013 - 09:29
.President Truong Tan Sang meets visiting Russian Minister for Far East Development V. I. Ishaev in Ha Noi.— VNA/VNS Photo

HA NOI (VNS)— President Truong Tan Sang greeted visiting Russian Minister for Far East Development V. I. Ishaev in Ha Noi yesterday, expressing the country's support for Vietnamese companies investing in the Far East.

Welcoming preparations for the second round of negotiations for a bilateral free trade agreement, Sang proposed the Russian side devise concrete incentives for Vietnamese businesses and workers in the Far East.

He suggested the two sides specify the contents of the comprehensive strategic partnership during Ishaev's visit, adding that political trust laid a strong foundation for ministries and departments to increase co-operation - and for the economic development of the Far East.

Ishaev said his ministry had worked with Russian agencies to develop a strategic socio-economic development scheme for the Far East until 2025.

He said the region was focusing on spearheading economic sectors such as natural... resources, the chemical industry, shipbuilding, aquaculture, the trans-Siberian railway and airports, which according to him, offer the two nations' businesses a chance to fortify their strengths.

Informing his host of land and assets incentives for foreign investors in the Far East, the minister called on Vietnamese companies to invest and get projects underway.

In the January-April period, two-way trade between Viet Nam and Russia surged 19 percent year-on-year to US$861 million. Russia now invests in 93 projects worth over US$2 billion in Viet Nam, ranking 18th among foreign countries and territories in this regard. — VNS




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