Politics

Russia’s State Duma Chairman to visit Vietnam

Chairman of the State Duma of the Federal Assembly of Russia Naryshkin Sergey Evgenievich will make an official visit to Vietnam from December 2.
Chairman of the State Duma of the Federal Assembly of RussiaNaryshkin Sergey Evgenievich will make an official visit to Vietnamfrom December 2.

The two-day visit is made at theinvitation of National Assembly Chairman Nguyen Sinh Hung, according tothe communique issued by the NA Committee for External Relations.

Vietnam and Russia have seen a rapid development in bilateral relations in recent years.

Vietnam considers Russia a priority in its external policy.Vietnam ’s position in Russia ’s external policy in turn has improvedremarkably, becoming an important strategic partner in the Asian-Pacificregion and the prime partner in Southeast Asia .

Two-waytrade reached almost 4 billion USD in 2013, and exceeded 1.8 billionUSD during the first eight months of this year. Vietnam and theCustoms Union of Russia, Belarus and Kazakhstan conducted sevenrounds of negotiations on a free trade agreement, aiming to sign it bythe end of the year. The agreement is expected to raise bilateral tradeturnover to 7 billion USD by 2015 and 10 billion USD by 2020.

Russia is currently running 92 investment projects in Vietnam ,with a combined capital of 2.05 billion USD. Meanwhile, Vietnam isoperating 17 projects worth 2.5 billion USD in Russia , with a focuson oil and gas, as well as banking and trade.

At the end of theRussia visit by Party General Secretary Nguyen Phu Trong from November23-26, the two countries issued a joint statement, affirming to continuestrengthening their comprehensive strategic partnership.-VNA
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