At a bilateral meeting with Mayor of Saint-Petersburg Georgy Poltavchenko on September 20 as part of his ongoing visit to Russia, Deputy PM Trinh Dinh Dung said that the Vietnamese Government will create favourable conditions for Russian investors to operate in Vietnam.
Deputy Prime Minister Trinh Dinh Dung has suggested deeper links in economics, trade, culture, and tourism between Vietnamese localities and their Russian counterparts, including Saint-Petersburg. He highlighted close ties between the two countries’ ministries, sectors and localities, saying that this reflects the strong Vietnam-Russia relations.
Bilateral cooperation should promote sustainable development, he stressed, noting that investment and trade links between the two counties will be enhanced when the free trade agreement between Vietnam and the Eurasian Economic Union takes effect on October 5. Both nations need to accelerate the implementation of existing commitments and promote new cooperation schemes, he said.
The Deputy PM suggested the Saint-Petersburg leader make it easy for Vietnamese goods and service suppliers to make inroads into Russia’s second largest city through Made-in-Vietnam goods fairs in the country.
Mayor Poltavchenko said Saint-Petersburg welcomes Vietnam’s investment projects. He committed to arranging meetings between representatives from Vietnamese firms and the city’s retailers to foster partnerships among them.
Vietnamese businesses can introduce their commodities to Russian customers at the annual Christmas fair in Saint-Petersburg, he said, adding that Vietnamese firms should take advantage of the fact that western countries are imposing sanctions against Russia to enter the Russian market. In the first seven months of this year, two-way trade between Vietnam and Russia hit 1.6 billion USD, up 3 percent year-on-year.
Currently, a number of enterprises from Saint Petersburg have expressed their interests in infrastructure projects, machiner manufacturing, agriculture and aquatic exports as well as other areas of culture and education in Vietnam.
Deputy PM Dung praised the two nations’ Strategic Partnership in such fields as oil and gas, electricity, telecommunications, light industry and car assembly. He proposed enhancing and consolidating the relationship between localities through delegation exchanges.
The Deputy PM supposed that effective cooperation between localities will help enhance the cooperation between Vietnam and Russia, adding that Vietnam will create best conditions for the two sides’ localities to boost up realistic and effective cooperation.
Source: The Hanoitimes - Anh Kiet
Key words : Enhancing, Vietnam-Russia, economic links.
