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.
At the February 22 conference reviewing the VBA’s 2013 performance and outlining this year’s tasks, the association discussed challenges facing Vietnamese enterprises in the nation this year. High on the agenda is Russia ’s reduction in import taxes following its accession to the World Trade Organisation (WTO), which will provide serious competition to businesses working inside the country.

Delegates also mentioned the depreciation of the rouble, which will potentially damage Vietnamese businesses in Russia.

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

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

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