Tuesday, October 22 2019

VietNamNews

Expo aims to facilitate VN-Russia bilateral trade

Update: October, 04/2019 - 10:54

 

 

Organisers at the press conference to announce the Expo-Russia Việt Nam 2019  in Hà Nội on Thursday. Photo thuonghieucongluan.vn

HÀ NỘI — The third Expo-Russia Việt Nam 2019 will return to the capital city from November 14-16, the Việt Nam Chamber of Commerce and Industry (VCCI) said at a press conference here on Thursday.

The upcoming exhibition, slated to be held at the Hà Nội-based National Exhibition Construction Centre, aims to promote the two countries’ trade and economic ties and Russia’s exports to Southeast Asia.

Head of the VCCI’s International Relations Department Nguyễn Tuấn Hải said the expo will showcase products and services for export, investment projects and research findings of businesses, universities and research agencies.

He described the event, which will attract hundreds of businesses from the two countries, as a good opportunity for Vietnamese firms to learn about Russia’s investment environment and seek business partnerships.

Alexander Kardo-Sysoev, deputy head of the Russia Trade Office in Việt Nam, said the event will see the participation of exporters in major areas like energy, mechanics, agriculture, transportation, media, chemical industry, medicine and pharmaceutical products

According to the VCCI, the Việt Nam-Russia Inter-regional Business Forum will also be held on this occasion.

These events aim to mark the 25th anniversary of the signing of the treaty on basic principles for the Việt Nam-Russia bilateral friendship (June 16, 1994), and form part of activities within the Việt Nam Year in Russia and Russia Year in Việt Nam.

Việt Nam has attracted great attention from foreign businesses, including those from Russia, Hải said, adding that Russia now ranks 24th among 129 countries and territories investing in the Southeast Asian nation, with 123 projects valued at US$932 million.

Meanwhile, Việt Nam has 22 projects worth nearly $3 billion in Russia. Việt Nam is Russia’s 23rd largest trade partner worldwide, the biggest in the Association of Southeast Asian Nations (ASEAN), and the sixth among members of the Asia-Pacific Economic Cooperation (APEC) forum.

Hai said after the EAEU-Việt Nam Free Trade Agreement took effect on October 5, 2017, trade between the two nations grows about 30 per cent annually and is projected to reach $10 billion in 2020. — VNS

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