September 26, 2019 | 13:59 (GMT+7)
Hanoi rolls out red carpet for Russian businesses: official
Hanoi always welcomes Russian enterprises to establish business and investment partnerships with local firms, a municipal official said at a workshop in Moscow on September 25.
Le Hong Thang, Director of the Hanoi Department of Industry and Trade, said Hanoi is now home to 34 Russian projects with total registered capital of 85.3 million USD, along with 12 representative offices of Russian enterprises.
Hanoi’s export revenue to Russia last year reached 147.5 million USD, up about 30 percent year-on-year. In the first eight months of this year, the trade value was about 113 million USD, he said.
Representatives of Russian localities, firms and banks expressed their wish to cooperate with their Vietnamese partners.
On this occasion, businesses from Hanoi such as Ha Tay Chemical Weave Company, Viet Food JSC (VietFoods) and VINFA Pharmaceutical JSC briefed the participants on their operations and potential for cooperation.
The workshop was jointly held by the Hanoi Promotion Agency, the Vietnamese Embassy in Russia, the Hanoi-Moscow Complex (Incentra) and the Vietnamese Business Association in Russia.
Source: VNA