President wishes to lift trade with Russia by 15 times hinh anh 1President Nguyen Xuan Phuc speaks at the event (Photo: VNA)

Moscow (VNA) - 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.

As room for bilateral economic cooperation remains huge, trust in political, diplomatic and economic ties will open up new chapters in the near future, he said, adding that the two countries’ authorities need to work closely together to deal with existing obstacles.  

The success of Russian investors is the expectation and pride of Vietnam, he stated.

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.

Entrepreneurs at the event expressed their willingness to invest in each other on the back of the two nations' long-standing ties as well as opportunities and incentives offered by each country./.