Business

Workshop promotes Vietnam- Russia trade through Vladivostok port

The Consulate General of Vietnam in Vladivostok and the Vietnam Trade Office’s branch in the Far East on August 21 held a workshop to promote Vietnam-Russia foreign trade through Vladivostok port.
Workshop promotes Vietnam- Russia trade through Vladivostok port ảnh 1Vladivostok port in Russia's Far East. (Photo: VNA)

Moscow (VNA) – The Consulate General of Vietnam in Vladivostok and theVietnam Trade Office’s branch in the Far East on August 21 held a workshop topromote Vietnam-Russia foreign trade through Vladivostok port.

Morethan 30 enterprises and relevant officials from Vietnam and Russia joined the event in person and online.

It aimed at updating practical information on import and export activitiesbetween Vietnam and Russia, and the role of Vladivostok port in enhancing trade between the two sides.

Consul General in Vladivostok Nguyen Dang Hien said thatpolitical and economic situations in recent years have affected the tradeturnover between the two countries.

However,in the first half of 2023, two-way trade turnover between Vietnam and Russia’sFar East reached 150-160 million USD, an increase of about 20% over the sameperiod in 2022.  Goods from Vietnam andRussia transited through Vladivostok port clusters increased in both volume andtype. The Vladivostok port plays an important role in the transport of imports and exports between the two countries.

Forhis part, Minister of Industry and Trade of Primorye Territory Sergey Kalintinaffirmed that exporting Vietnam's goods through the Far East is the shortest way, adding that supermarket chains, shops, and businesses in Primorye are interested inimporting Vietnamese goods.

He expressed his hopes to establish a regular connection between Vietnamese and Russianbusinesses to promote bilateral relations. Primorye is ready to support Vietnamesebusinesses to open trade centres in the area and will have attractivepreferential policies for them.

VietnameseTrade Counselor in Russia Duong Hoang Minh also said that Vietnam-Russia tradeis seeing signs of recovery.

In thefirst quarter of 2023, the bilateral trade reached 732 million USD, down 49%over the same period in 2022. But in the first seven months of this year, itreached 1.9 billion USD, marking a decrease of only 15.7%.

Minhsaid that in May 2022, a direct shipping route Vladivostok port - Hai Phongcity - Ho Chi Minh City was opened. In the first seven months of 2023, morethan 20,000 TEUs of goods were transported through the route, marking a greatsuccess./.

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