Russia has sent four delegations of small and medium-sized enterprises (SMEs) in the technology sector to Vietnam since 2012, and the latest visit took place this November, the Voice of Russia (VOR) reported on November 20.

Such activities are within the Portrait of Technological Innovation in Russia project, carried out by the State Duma. Vietnam is chosen as Russia’s first partner in this project for its time-tested friendship and cooperation with the country, VOR added.

The presence of Russian SMEs in Vietnam remains modest due to a shortage of each country’s information to the other’s business circle.

Director of the project Strozaeva Lubov Viktorovna said that the project will supply more information and enable business partnerships.

She told VOR that during each visit, their business representatives have received more information on Vietnam’s market features and incentives for technology enterprises.

Vietnam has organised programmes to introduce Russian businesses to its ministries, sectors, trade offices, technology zones and local business circle. Meanwhile, the Russian Centre of Science and Culture in Hanoi has also actively given assistance to Russian businesses in Vietnam, she noted.

Eleven out of 19 Russian SMEs presented in the 2012 – 2013 period have set up regular exchanges with their Vietnamese partners.

VOR cited the director as saying that the Russian business circle is preparing for the next visit to Vietnam in April 2014. In the coming time, both sides plan to establish two joint ventures on energy saving and biotechnology and an investment company.-VNA