Viet Nam News
HÀ NỘI – The implementation of the free trade agreement between Việt Nam and the Eurasian Economic Union will open opportunities to raise bilateral trade to US$10 billion by 2020, Deputy Prime Minister Trịnh Đình Dũng told Russian Ambassador to Việt Nam, Konstantin Vnukov, yesterday.
Trade between Việt Nam and Russia has risen recently, hitting $2.7 billion in 2016, an increase of 23 per cent over 2015, and $452 million in the first two months of the year.
Dũng said Việt Nam wants to maintain the positive growth in bilateral co-operation, especially in economics and trade, defence, military techniques and is ready to facilitate Russian participation in new co-operation projects in energy and infrastructure development in Việt Nam.
During their talks in Hà Nội, the two sides also discussed co-operation projects in agriculture and energy.
Also yesterday, Dũng received Irish Ambassador to Việt Nam, Cáit Moran, noting that Ireland-funded development co-operation projects are bearing fruits, contributing to Việt Nam’s development.
At present, Việt Nam is the only Asian country among nine partners entitled to receive Irish development aid. The country has provided Việt Nam about 130 million euros ($137 million) worth of non-refundable assistance.
The two countries have witnessed rapid growth in bilateral trade recently, reaching $1.14 billion in 2016, a three-fold increase from 2015.
During their meeting, the two sides discussed fields of common interest for enhanced co-operation.
On the occasion, Ambassador Moran said Ireland would release a national strategy on development co-operation with Việt Nam for 2017-20. — VNS