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Trade with Russia to hit $3b this year, says President

Update: July, 31/2012 - 10:16


President Truong Tan Sang speaks at the Viet Nam-Russia Business Forum in Moscow yesterday. — VNA/VNS Photo Nguyen Khang
MOSCOW— President Truong Tan Sang yesterday told a Viet Nam-Russia Business Forum that economic and trade relations were one of the most important segments in the two countries' comprehensive co-operation. President Sang later left the Russian capital concluding a five-day official visit to Russia.

He told the forum that two-way trade was expected to hit US$3 billion this year, adding that Russia was implementing several key projects in Viet Nam, especially in oil and gas, mining, energy and tourism – and particularly the project to build the nation's first nuclear power plant.

The President underscored the necessity to work out breakthrough measures, including the early signing of a free-trade agreement between Viet Nam and the customs alliance of Russia, Kazakhstan and Belarus.

On the same day, Sang received Chairman of the Communist Party of Russia (CPR) Gennady Zyuganov.

He said that during the renewal process and international integration, Viet Nam always attached importance to the consolidation and development of the friendship and multi-faceted co-operation with traditional countries, communist and worker parties worldwide with priority to its traditional friendship with the CPR.

The President congratulated the CPR on its development, which he said reflected the Russian people's increasing confidence.

He spoke highly of the traditional friendly relations, mutual understanding and trust between the Communist Party of Viet Nam and the CPR, noting that the regular meetings and exchange of information between the two Parties' leaders had made important contributions to Party building work in each country.

CPR Chairman Zyuganov said his Party was renovating various fields to attract Russian voters' attention and support. He voiced support for Russian leaders' existing policy of unceasingly developing the nation's strategic partnership with Viet Nam.

He said he hoped through the exchange of delegations at all levels and experiences in popularisation and education, Party building, mobilisation and youth work, relations between the two Parties would develop in-depth for the mutual interests of both peoples, thus contributing to the further development of the traditional friendship and comprehensive co-operation between Viet Nam and Russia.

Sang said Viet Nam's economy had attained a relatively high and stable growth rate for many years and was now making active development.

The nation was exerting its best effort to reforming its public sector and facilitating the development of the private economic sector and public-private economic co-operation, finalising the legal system, market regulations and infrastructure to make it easier for foreign investors.

During the new period of development, the co-operative relationship with Russia was of special importance and was prioritised and treated with high regard, he said.

Sang said Viet Nam attached importance to Russian investors and businesses in Viet Nam, particularly in traditional fields such as trade, oil and gas, energy, mining, science-technology, education-training and tourism.

Later, Sang had a meeting with the Acting Chairman of the Federation Council of Russia, Alexander Torshin, who described the President's visit to Russia as an important political event in the two countries' political life. He said it created a strong impetus for further elevating the traditional friendship and comprehensive strategic partnership between the two nations.

He affirmed that the Federation Council of Russia together with other Russian authorities would further their relationships with Viet Nam, especially in law making and supervision of the implementation of signed agreements.

The two sides reached consensus on directions to boost co-operation between the two legislative bodies, including the intensification of exchange of delegations to improve mutual understandings, share experience on legislation, supervise the agreements between the two countries as well as ensure the enforcement of international treaties that both participate in.

They also agreed to create favourable conditions to reinforce co-operation between localities of the two countries to build a firm social base for bilateral relations as well as improve the effectiveness of co-operation between the two countries in general and between localities in particular.

The two leaders expressed hope that the coming visit to Viet Nam of a high-ranking delegation led by Torshin would make an important contribution to consolidating the relations between the two legislative bodies and strengthening the Viet Nam-Russia comprehensive strategic partnership.

During his visit, President Sang met academician Osipov, President of the Russia Academy of Sciences (RAS), and witnessed the signing of a co-operation agreement between the Viet Nam Academy of Science and Technology and the RAS for the 2012-2017 period.

He also visited Gazprom Gas Company, the largest of its kind in Russia and also a strategic partner of PetroVietnam.

Strategic partnership

Responding to reporters' queries regarding the results of President Truong Tan Sang's visit to Russia, Foreign Minister Pham Binh Minh said that the comprehensive strategic partnership between Viet Nam and Russia had developed practically, in depth and in a sustainable manner.

Minh said Sang's official visit to Russia successfully concluded with the release of a joint statement representing the common perception and desire of the leaders and people of the two countries, announcing the level of comprehensive co-operation between Viet Nam and Russia as a comprehensive strategic partnership.

Key points of Viet Nam-Russia joint statement:

to increase effective dialogues

to deepen comprehensive strategic partnership

to sign a free-trade agreement between Viet Nam and the Customs Union (comprising Russia, Belarus and Kazakhstan)

to safely put the first nuclear power plant in Viet Nam into operation

to expand co-operation in science and technology, education and training, and consolidate co-operation in humanitarian activities

to agree that territorial disputes and other disputes in the Asian-Pacific region should be solved only by peaceful measures without the use of force or the threat to use force, based on international law, particularly the UN Charter and the 1982 UN Convention on the Law of the Sea

to support the full implementation of the 2002 Declaration of the Conduct of Parties in the East Sea and the approach to the building of the Code of Conduct in the East Sea at an early date.

and to improve military technical co-operation. — VNS

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