March 15, 2017 | 21:58 (GMT+7)
Vietnam, Russia seek to boost economic cooperation
The delegation was welcomed by Deputy Prime Minister (PM) Trinh Dinh Dung who welcomed appreciated results of the delegation’s working sessions with Vietnamese ministries, especially a meeting with big enterprises to introduce potential, advantages investment attraction incentives in Russia’s Far East region on March 14.
Deputy PM Dung highlighted the development of Vietnam-Russia traditional friendship and comprehensive strategic partnership as well as political ties with frequent exchanges of high-level delegations.
Deputy PM Trinh Dinh Dung (R) shaking hands with Deputy PM Yuri Petrovich Trutnev
He affirmed Vietnam always treasures and gives priority to multifaceted cooperation with Russia and the Vietnamese Government always supports and assists the two countries’ localities to set up ties and boost cooperation in the fields the two sides need and have advantages.
However, he said, Vietnam-Russia cooperation in the economy, trade and investment is still moderate and does not match each side’s potential and advantages.
He suggested taking appropriate measures to boost bilateral cooperation in the promising areas.
According to the Deputy PM, the two sides need to increase information on cooperation potential and preferential policies for enterprises, as well as facilitate businesses to visit each other to have direct surveys on markets.
Deputy PM Yuri Petrovich Trutnev agreed that economic cooperation has been below expectation as two-way trade only stands at USD 3.8 billion, requiring greater efforts to achieve the goal of USD 20 billion by 2020.
He said Russia is giving priority to the development of the Far East region and has issued numerous incentive policies.
The Deputy PM called on Vietnamese companies to invest in the Far East region, adding many enterprises from Japan, the Republic of Korea and China are operating efficiently there.