VN, Russia aim for USD10bn trade in 2020
Vietnam and Russia have agreed to effectively implement the Vietnam-Eurasian Economic Union Free Trade Agreement in order to create breakthroughs in economic, trade and investment ties between the two countries, gearing towards bilateral trade of US$10 billion in 2020.
The event was co-chaired by Deputy Prime Minister Trinh Dinh Dung and his Russian counterpart Igor Ivanovich Shuvalov.
The annual meeting of the committee aims to materialise political commitments and determination of the two countries’ high-ranking leaders, by putting forth specific and inclusive solutions in order to advance the bilateral relationship in a more effective and pragmatic fashion, he said.
At a press conference following the meeting, Deputy PM Dung announced that the two sides had agreed on concrete measures to step up co-operation in a wide range of areas, from economy, trade, agriculture, energy, mining, finance and banking to education-training, science-technology, transport, health care, construction, labour, culture, sports and tourism.
As part of efforts to boost bilateral trade, the two sides will increase the export of Vietnam’s agro-forestry-fishery and consumer products to Russia, while continuing to work with each other to improve the quality of exports, ensuring product quality and food hygiene and safety.
Dũng said the two sides agreed to accelerate the implementation of joint projects on industry, energy, oil and gas, and infrastructure construction, and consider possibilities for partnering in urban railway and metro projects.
In the field of energy, the two sides hailed the operation of Vietnam-Russia joint ventures in oil and gas exploration and exploitation in Vietnam’s continental shelf and Russia’s territory.
They agreed to co-operate in building and upgrading thermo-electric and hydro-electric plants in Vietnam.
Shuvalov, meanwhile, said that Russia will pay attention to the import of Vietnamese seafood and agricultural products and is willing to establish joint ventures specialising in farm produce with Vietnam.
The Russian official also held that the two countries boast potential for co-operation in industry such as auto assembly, and education-training. Russian enterprises wanted to join in the construction of underground railways in Hanoi and HCM City.
Vietnam and Russia aim for $10b trade in 2020
The event was co-chaired by Deputy Prime Minister Trinh Dinh Dung and his Russian counterpart Igor Ivanovich Shuvalov.
The annual meeting of the committee aims to materialise political commitments and determination of the two countries’ high-ranking leaders, by putting forth specific and inclusive solutions in order to advance the bilateral relationship in a more effective and pragmatic fashion, he said.
At a press conference following the meeting, Deputy PM Dung announced that the two sides had agreed on concrete measures to step up co-operation in a wide range of areas, from economy, trade, agriculture, energy, mining, finance and banking to education-training, science-technology, transport, health care, construction, labour, culture, sports and tourism.
As part of efforts to boost bilateral trade, the two sides will increase the export of Vietnam’s agro-forestry-fishery and consumer products to Russia, while continuing to work with each other to improve the quality of exports, ensuring product quality and food hygiene and safety.
Dũng said the two sides agreed to accelerate the implementation of joint projects on industry, energy, oil and gas, and infrastructure construction, and consider possibilities for partnering in urban railway and metro projects.
In the field of energy, the two sides hailed the operation of Vietnam-Russia joint ventures in oil and gas exploration and exploitation in Vietnam’s continental shelf and Russia’s territory.
They agreed to co-operate in building and upgrading thermo-electric and hydro-electric plants in Vietnam.
Shuvalov, meanwhile, said that Russia will pay attention to the import of Vietnamese seafood and agricultural products and is willing to establish joint ventures specialising in farm produce with Vietnam.
The Russian official also held that the two countries boast potential for co-operation in industry such as auto assembly, and education-training. Russian enterprises wanted to join in the construction of underground railways in Hanoi and HCM City.
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