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Workshop seeks measures to boost Vietnam-Russia economic, trade cooperation

The Vietnamese Embassy in Russia on May 15 organised a workshop in Moscow to promote bilateral economic and trade cooperation.
Workshop seeks measures to boost Vietnam-Russia economic, trade cooperation ảnh 1At the event (Photo: VNA)

Moscow (VNA) – The VietnameseEmbassy in Russia on May 15 organised a workshop in Moscow to promote bilateral economicand trade cooperation.

TradeCounselor Duong Hoang Minh said that in 2021, the two countries saw arecord-high two-way trade turnover of 7.1 billion USD.

It reduced by half in2022, and the figure in the first four months of this year was 1.01 billionUSD.

Minh said that for the two countriesto get a higher bilateral trade revenue, their businesses need to better takeadvantage of potential and opportunities.

Acting Director of theDepartment of Multilateral Economic Cooperation and Special Projects of theMinistry of Economic Development of Russia Nikita Kondratiev said that in 2022,bilateral trade faced difficulties, including supplychain disruptions, payment issues, and certain restrictions on investment.

However, there were still silver linings of the cloud such as the opening of sea routes by FESCO transport Group from Vietnameseports to Vladivostok port or TransContainer transporting consumer goods fromVietnam to Russia by rail.

At the workshop, representatives ofbusinesses raised problems and opportunities as well as proposed measures tostrengthen economic trade cooperation between the two countries.

Ambassador Dang Minh Khoi pointed to problems in institutions and mechanisms that hinder the economic and trade activities between the two countries. particularly the issues relating to payment and visa for Vietnamese businessmen to Russia to seek cooperation opportunities./.

VNA
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