Ho Chi Minh City promotes trade in Russia

Moscow (VNA) – More than 50 businesses from Ho Chi Minh City displayed their products at a Vietnamese trade fair held in Moscow, Russia, on October 6.

Their products showcased at the event ranged from handicrafts, agricultural produce to medicine, furniture, apparel and electronic appliances.

Speaking at the opening ceremony, Vietnamese Ambassador to Russia Nguyen Thanh Son stressed the exposition was part of promotion programmes to help Vietnamese firms carry out market research and seek partnerships, particularly after the free trade agreement between Vietnam and the Eurasia Economic Union (EAEU) took effect.

He said he believes goods from the southern economic hub will gain favour with Russian consumers for competitive prices and diversity.

Pham Ngoc Nhung from the HCM City People’s Committee stated the city accounts for 30 percent of Vietnam’s total export value, but its shipments to Russia still fall short of potential.

Local businesses have brought to the fair goods they want to export in the hope of winning over Moscow consumers and from Moscow reaching out to markets across Russia and in other EAEU member states, Nhung noted.

Yury Morozov, Head of the International and Interregional Cooperation Division at the Moscow Chamber of Commerce and Industry, said fairs selling made-in-Vietnam products have been warmly welcomed by Russian consumers.

He added that the range and quality of these goods have been improved year by year, reflecting significant progress of each business and the whole economy.-VNA