Hanoi seeks to boost investment, trade ties with Moscow

The EAEU, which will take effect in October, will boost trade and investment between Vietnam and Russia. (Source: sputnik.ru)

Moscow (VNA) – Officials of Hanoi and Moscow are calling on enterprises from the two cities to seize the opportunities expected to be brought by upcoming enforcement of the free trade agreement between Vietnam and the Eurasian Economic Union (EAEU) to which Russia is a member.

At an investment and trade promotion event held in Moscow on September 9, Nguyen Ngoc Tu, Deputy Director of the Hanoi People’s Committee’s Investment, Trade and Tourism Promotion Centre, said Hanoi welcomes all Russian enterprises to invest in Hanoi and the city will give its best possible support to Russian enterprises.

On his part, Suren Vardanyan, Vice Chairman of the Russian Chamber of Commerce and Industry (RCCI), said with a population of nearly 20 million, the concentration of 80 percent of the country’s capital, Moscow is a market full of potential, especially for Vietnam’s high quality goods.

Vardanyan said Moscow has been implementing many infrastructure facilities such as hi-tech and industrial parks to attract small- and medium-sized enterprises where enterprises can enjoy preferential taxes.

He added that the city has also passed many laws on protecting foreign investors and foreign investment.

He encouraged Vietnamese enterprises to build hotels in Moscow as Russia will host the World Cup, the world’s biggest football event, in 2018.

The RCCI said that it plans to work with the Vietnamese side to hold a conference reviewing exchanges and contacts between businesses from the two countries, and create plans for investment and trade promotion activities in 2017.-VNA