Trade between Vietnam and Russia in the first 10 months of last year hit 10.34 billion USD, a year-on-year rise of 17.98 percent. (Photo: VNA) Moscow (VNA) – Despite global tradeuncertainties and COVID-19, trade between Vietnam and Russia has grownsignificantly, heard an online seminar in Moscow on May 18.
The bilateral trade in the first 10 months of last yearhit 10.34 billion USD, a year-on-year rise of 17.98 percent, according to Dr.Vu Thuy Trang, Director of the Centre for Russian and CIS Studies at the Institutefor European Studies under the Vietnam Academy of Social Sciences.
The seminar, which brought together more than 20Vietnamese and Russian scholars, looked into trade and investment cooperationoutcomes between the two countries since the free trade agreement betweenVietnam and the Eurasian Economic Union (EAEU) came into force in October 2016.
The participants also pointed out limitations and proposedsolutions and recommendations for boosting the ties.
Many said Vietnam’s export revenue to the EAEU hasstill remained modest as compared with their potential.
Vietnam has signed an array of FTAs with countriesworldwide and posted marked economic growth, they said, noting that there are ampleroom for Vietnam and Russia to step up their economic and trade links. /.
VNA
