Businesses in the Mekong Delta received updated information on the Russian market during a conference held in Can Tho city on August 12, which was organised to arrange for a regional business delegation to attend a Vietnamese high-quality goods fair in Russia in 2015.

According to former Vietnamese Counsellor in Russia Nguyen Chi Tam, Russia is a market with high purchase power, where there is great demand for such products as footwear, textiles, farm products, processed foods, wooden products and handicrafts, making it a potential export for Vietnam.

Once the free trade agreement signed between Vietnam and the Eurasian Economic Union (EAEU) takes effect at the beginning of 2016, up to 90 percent of Vietnamese exports into Russia will enjoy tax cut or tax exemption, Tam said, adding that Vietnam is the only country entitled to these incentives from the EAEU.

There are large numbers of Vietnamese people living across Russia and Vietnamese enterprises should make use of this advantage to make inroads into and expand their market share in the country, Tam noted.

At the conference, businesses from Can Tho and other regional localities were provided information on the fair which is scheduled to take place in Moscow from November 12-December 12 this year.

Organised by the Ministry of Industry and Trade, the fair aims to promote Vietnam’s trademarks and companies towards boosting exports to Russia and other EAEU markets.

The fair will exhibit commodities such as textiles, footwear, agricultural products, electronics, household goods, cosmetics and tourism and financial services.

Programmes to promote trade and investment cooperation between Vietnamese and Russian firms will also be arranged in the framework of the fair.

Enterprises in Can Tho and the Mekong Delta are hoping the fair will offer a good opportunity to connect with Russian partners and seek distributors in the potential market.-VNA