St Petersburg seeks closer business ties

Update: December, 09/2015 - 08:42
HCM City People's Committee Chairman Le Hoang Quan (right) receives the Governor of St Petersburg Georgy Poltavchenko in HCM City yesterday. — VNA/VNS Photo Thanh Vu

HCM CITY (VNS) — St Petersburg and HCM City are expected to be pioneer cities in co-operation between the business communities of the two countries, Georgy Poltavchenko, governor of the Russian city, told a seminar in HCM City yesterday.

St Petersburg officials listed promising industries for tie-ups like pharmaceuticals and tourism and called for investment by HCM City-based companies.

Le Van Khoa, director of the HCM City Department of Industry and Trade, said the two countries had accomplished much in the spheres of politics, economy, culture, and tourism in 10 years since forming a strategic partnership and three years of a comprehensive strategic partnership.

But the economic achievements are not commensurate with the potential, he said.

Trade between the two cities was worth US$226.24 million last year. — VNS