Vietnam and Russia set to increase two-way trade through implementing investment projects and articles of thefree tradeagreement between Vietnam and the Eurasian Economic Union (EAEU), according to the Russian financial newspaperVedomosti.
A number of energy deals were inked between the Vietnam National Oil and Gas Group (PetroVietnam) and Russian oil and gas companies in the framework of Prime Minister Nguyen Xuan Phuc’s visit to Russia, the newspaper said.
Russian Prime MinisterDmitryMedvedev noted that new energy cooperation projects will bring benefits toboth sides, adding the Russian Government will give preferential treatment to those projects to ensure rational returns.
The Russian Direct Investment Fund (RDIF) and the Vietnamese StateCapital InvestmentCorporation (SCIC) alsoagreedto invest 500 million USD in the Russia-Vietnam investment platform to promote bilateral trade projects.
Russia wants Vietnam to provide seafood products and vegetables for the Russian market while Russia will shiphigh-qualitymeat products to Vietnam in return, Prime MinisterDmitryMedvedev highlighted.
Furthermore, cooperation in communications, information technology and banking is also among the interests of enterprises from both countries, he said.
Source : http://www.vietnambreakingnews.com/
Keyword : Russian media, Vietnam, Russia, step up, bilateral trade.
