Russian Foreign Minister Sergey Lavrov (Photo: Xinhua/VNA)

Hanoi (VNA) – Russian Foreign Minister Sergey Lavrov will pay an official visit to Vietnam from March 22-23.

The visit will be made at the invitation of Vietnamese Foreign Minister Pham Binh Minh.

Vietnam and Russia have enjoyed growing ties in all fields, especially economy.

Since the Vietnam-Eurasian Economic Union Free Trade Agreement took effect on October 5, 2016, two-way trade between Vietnam and Russia has been growing rapidly, reaching 3.56 billion USD in 2017, up 29 percent over the previous year.

Russia has to date registered to invest almost 982.9 million USD in 117 projects in Vietnam, ranking 22nd among countries and territories investing in the Southeast Asian country.

Meanwhile, Vietnam has poured investments into 18 projects in Russia with a combined registered capital of 2.4 billion USD.-VNA