The free trade agreement signed between Vietnam and the Eurasian Economic Union (EEU) is expected to promote exchanges of trade, investment, technology, and professional human resources between the Southeast Asian country and Russia.

Pham Quang Nghi, Politburo member of the Communist Party of Vietnam Central Committee and Secretary of the Hanoi Party Committee, made the statement during a reception for Russian Ambassador to Vietnam Vnukov Konstantin Vasilievich on May 21.

Nghi highlighted the comprehensive strategic cooperative partnership between Vietnam and Russia, saying that there remains plenty of room for trade collaboration between two countries.

He underscored that Hanoi authority always creates favourable conditions for Russian enterprises to invest in the city and expects the two sides’ trade to post new growth.

Ambassador Konstantin Vasilievich pledged to do his utmost to deepen the bilateral strategic partnership relations.

He expressed his hope that the free trade deal will push for expansions across sectors along with inked agreements on oil and gas, nuclear electricity and military technical cooperation.

On the same day, Chairman of the municipal People’s Committee Nguyen The Thao also welcomed the Russian Ambassador.-VNA