VN, Russia increase economic arbitration cooperation

Ho Chi Minh City and Vietnam are always willing to cooperate with Russia to further promote economic arbitration cooperation.
Ho Chi Minh City and Vietnam are always willing to cooperate with Russia to further promote economic arbitration cooperation.

The assertion was made by Le Minh Tri, Vice President of the People’s Committee of Ho Chi Minh City, when he received Amasov C.M, Vice President of the Russian supreme commercial court and a Vietnam-Russia friendship delegation on April 5.

At the reception, the Russian official suggested that the two countries establish cooperative relations in the field by studying the law system to discover similar features and jointly compile documents pertaining to the two countries’ legal activities and courts.

He said he hopes that the municipal leaders will support the promotion of exchanges between Vietnam and Russia in terms of economics and society, especially at a time when bilateral trade is growing rapidly.

Minh said that Ho Chi Minh City is now a giant economic centre with many domestic and international businesses operating in the city. It requires the city’s leader and relevant agencies to work together to deal with trade competition issues.

Currently, commercial arbitration centres in the city are actively operating, which is expected to create a wealth of opportunities for the city and Russia to exchange information in the field.-VNA

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