Domestic firms reviewed business opportunities with partners in Russiaand the European Union (EU) at a seminar in Ho Chi Minh City onNovember 28.
At the event, jointly organised by theVietnam Chamber of Commerce and Industry (VCCI) in HCM City , theMinistry of Industry and Trade and the Russian Trade RepresentativeOffice in Vietnam , participants shared market information, tradeexperiences and business opportunities.
As ofSeptember 2012, Russia had poured a registered capital of 919 millionUSD into 78 projects, making it the 23rd largest investor in Vietnam .Russian investment in mining, manufacturing, banking andtelecommunications is growing rapidly.
Vietnamesefirms see Russia as an important market for their garment andtextiles, agro-forestry-fishery products, oil, steel and machineryexports.
Vietnam-Russia economic and trade ties havenot reached their potential, said Nguyen Tan Thanh, Director of theHCM City branch of the VCCI. He added that the two sides shouldfoster cooperation in energy, science and technology, education,training and tourism to lift two-way trade to 7 billion USD in 2015.
Vietnam will focus its attention on negotiations with theRussia-Belarus-Kazakhstan Customs Union to establish a free trade areain the first quarter of 2013, and wrap up negotiations in two years.
Kardo Sysoev Alexander, an official from the Russian TradeRepresentative Office in Vietnam , added that his country’s firms arekeen to invest in Vietnam’s oil and gas exploration andexploitation, banking and light industry sectors.
The seminar made available EU market updates. The EU is one ofVietnam ’s leading trade partners with annual two-way trade increasingon average by 15 to 20 percent.-VNA
At the event, jointly organised by theVietnam Chamber of Commerce and Industry (VCCI) in HCM City , theMinistry of Industry and Trade and the Russian Trade RepresentativeOffice in Vietnam , participants shared market information, tradeexperiences and business opportunities.
As ofSeptember 2012, Russia had poured a registered capital of 919 millionUSD into 78 projects, making it the 23rd largest investor in Vietnam .Russian investment in mining, manufacturing, banking andtelecommunications is growing rapidly.
Vietnamesefirms see Russia as an important market for their garment andtextiles, agro-forestry-fishery products, oil, steel and machineryexports.
Vietnam-Russia economic and trade ties havenot reached their potential, said Nguyen Tan Thanh, Director of theHCM City branch of the VCCI. He added that the two sides shouldfoster cooperation in energy, science and technology, education,training and tourism to lift two-way trade to 7 billion USD in 2015.
Vietnam will focus its attention on negotiations with theRussia-Belarus-Kazakhstan Customs Union to establish a free trade areain the first quarter of 2013, and wrap up negotiations in two years.
Kardo Sysoev Alexander, an official from the Russian TradeRepresentative Office in Vietnam , added that his country’s firms arekeen to invest in Vietnam’s oil and gas exploration andexploitation, banking and light industry sectors.
The seminar made available EU market updates. The EU is one ofVietnam ’s leading trade partners with annual two-way trade increasingon average by 15 to 20 percent.-VNA
