President Nguyen Xuan Phuc wishes to lift trade with Russia by 15 times
President Nguyen Xuan Phuc has asked ministries, agencies and businesses of Viet Nam and Russia to seek ways lifting two-way trade by 15 times and tripling investment in the near future.
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| President Nguyen Xuan Phuc speaks at the event. (Photo: VNA) |
Addressing the Viet Nam-Russia Business Forum that drew 80 firms from both sides in Moscow on December 1, Phuc said Viet Nam is one of the 20 most successful countries globally in terms of foreign direct investment attraction,
He suggested Russian firms study more about Vietnamese market and vice versa to achieve better results.
As room for bilateral economic cooperation remains huge, trust in political, diplomatic and economic ties will open up new chapters in the near future, he said, adding that the two countries’ authorities need to work closely together to deal with existing obstacles.
The success of Russian investors is the expectation and pride of Viet Nam, he stated.
President of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin, for his part, said Russian and Vietnamese firms need to capitalise on advantages from the Free Trade Agreement between Viet Nam and the Eurasian Economic Union, adding Russian companies are interested in investing in Viet Nam.
Entrepreneurs at the event expressed their willingness to invest in each other on the back of the two nations' long-standing ties as well as opportunities and incentives offered by each country.
(Source: VNA)
