Business

Vietnamese businesses in Russia unite to thrive

Solidarity among Vietnamese enterprises operating in Russia is vital during the host nation’s current economic recession, as determined during a workshop held in Moscow on March 22.
Solidarity among Vietnamese enterprises operating in Russia is vitalduring the host nation’s current economic recession, as determinedduring a workshop held in Moscow on March 22.

The event was held by the Business Association in Russia (VBR) todiscuss challenges faced by overseas Vietnamese businesses in 2015 andput forth support measures.

Concluding thefunction, Ambassador to Russia Nguyen Thanh Son noted that Vietnam willsign a free trade agreement with the Customs Union of Russia,Kazakhstan and Belarus in May, which is expected to open up newopportunities for trade with Russia.

He also emphasised the embassy’s readiness to assist the development of the business community.

Russia’s economic slowdown after the annexation of Crimea in March2014 and subsequent ruble devaluation are complicating the Vietnamesecommunity’s production, business and import activities.-VNA
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