Vietnamese and Russian businesses have signed 10 cooperative agreements including foodstuff, agricultural processing, medicine and tourism at the Vietnam- Russia Trade and Investment Forum 2013.

The Vietnam- Russia Trade and Investment Forum 2013 opened in Moscow on October 7 to exchange and seek trade and investment opportunities.

The forum, co-organised by the Vietnam Embassy in Russia and provincial Kursk authority, introduced investment opportunity in diverse fields, especially in agriculture, food processing, mining and construction.

Addressing at the forum, Vietnamese ambassador to Russia Pham Xuan Son said the forum had provided a good opportunity for both sides to explore opportunities and find economic-trade and investment partners.

Besides traditional cooperation fields, Russian participants at the forum expressed interests in expanding their cooperation in culture and tourism

Kursk Mayor Alexandr Mikhailove expressed his hope that Russian and Vietnamese businesses will hold similar events in the future. He also affirmed that the provincial authorities will create all favourable conditions for entrepreneurs from Vietnam and Russia to do business.

Two-way trade between Vietnam and Russia was estimated at 1.4 million USD. Vietnam mainly imports sugar, chemical, fertiliser, and machinery, while exporting tea, coffee, and handicraft products to the market.-VNA