Vietnam looks to boost economic, trade ties with Russian localities

Hanoi (VNA) – Vietnam attaches great importance to economic, trade and investment cooperation with Russian localities, Vietnamese Ambassador to Russia Ngo Duc Manh has said.

The Vietnamese diplomat made the statement during his meetings with governors of the southwestern Kursk and Bryansk regions of Russia on the occasion of his visits to these localities on March 23-24, as part of activities to further strengthen cooperation between Vietnam and Russia in general and their localities in particular.

Manh and Governor of the Kursk region Roman Starovoit, in their meeting, expressed their joy at the increasing development of Vietnam-Russia comprehensive strategic partnership, especially in recent times.

Starovoit called on Vietnamese businesses to increase their investment in promising sectors such as agriculture and tourism.

In 2020, trade turnover between Kursk and Vietnam hit 30 million USD, he said.

Meanwhile, Governor of the Bryansk region Alexander Bogomaz briefed Manh on the locality’s socio-economic development, noting that the Russian locality still maintained positive growth despite impacts of the COVID-19 pandemic.  

He thanked the Vietnamese diplomat and relevant agencies for their efforts to promote cooperation between businesses of the two countries, especially in agriculture.

For his part, Manh said he is pleased with the Kursk region’s cooperation agreement with its sister Ninh Thuan province of Vietnam.

He thanked the two local governments for supporting the Vietnamese community to lead a stable life in Russia, thus contributing to the development of the Russian localities and their homeland.

Despite the COVID-19 pandemic, trade value between Vietnam and Russia still increased 8 percent to 5 billion USD. Notably, in the first two months of this year, it surged by over 30 percent, hitting nearly 800 million USD. Vietnam is the largest market of Russia’s meat products, accounting for nearly 45 percent of its total meat exports.

On the occasion, Ambassador Manh and his entourage visited food processing establishments, livestock and poultry production complexes of Miratorg Group in Kursk and Bryansk./.