President wishes to lift trade with Russia by 15 times

President Nguyen Xuan Phuc has asked ministries, agencies and businesses of Vietnam and Russia to seek ways lifting two-way trade by 15 times and tripling investment in the near future.

Addressing the Vietnam – Russia Business Forum that drew 80 firms from both sides in Moscow on December 1, Phuc said Vietnam is one of the 20 most successful countries globally in terms of foreign direct investment attraction

He suggested Russian firms study more about Vietnamese market and vice versa to achieve better results.

President of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin, for his part, said Russian and Vietnamese firms need to capitalise on advantages from the Free Trade Agreement between Vietnam and the Eurasian Economic Union, adding Russian companies are interested in investing in Vietnam./.

VNA