Business

Association aids Vietnam-Russia business linkups

The Vietnam Business Association (VBA) has put forth a number of suggestions for Vietnamese companies operating in Russia to boost their performance during a meeting in Moscow.
The Vietnam Business Association (VBA) has put forth a number ofsuggestions for Vietnamese companies operating in Russia to boosttheir performance during a meeting in Moscow.
 
At theFebruary 22 conference reviewing the VBA’s 2013 performance andoutlining this year’s tasks, the association discussed challenges facingVietnamese enterprises in the nation this year. High on the agenda isRussia ’s reduction in import taxes following its accession to theWorld Trade Organisation (WTO), which will provide serious competitionto businesses working inside the country.

Delegates alsomentioned the depreciation of the rouble, which will potentially damageVietnamese businesses in Russia.

Speaking at the event,Vietnamese Ambassador to Russia Pham Xuan Son praised the effectiveconnection between the association’s chapters last year.

Thanks to its close collaboration with the Vietnamese Embassy, the VBAprotected the legal rights of the Vietnamese business community in thecountry in the face of economic difficulties in 2013, he said.

The VBA serves as a bridge for economic, trade, tourism and investmentactivities between Vietnam and Russia while protecting the legitimateinterests of Vietnamese businesses in the country.-VNA
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