Free Trade Agreement (FTA) with the participation of the nations in the
Customs Union ( Russia , Belarus and Kazakhstan ).
The first meeting of the joint working group for the Vietnam-Russia
FTA will be held in Hanoi next month to embark on steps needed for
the negotiations.
The consensus on this issue was
reached at the 14 th meeting of the Vietnam-Russian Inter-government
Committee for Economic, Commercial, Scientific and Technological
Cooperation, which convened in Moscow from Sept. 14-17.
Minister of Industry and Trade Vu Huy Hoang, and his Russian counterpart, Viktor Khrristenko, co-chaired the meeting.
The two sides focused discussions on ways to step up cooperation in
the fields of economy, commerce, science and technology, and raise
two-way trade.
Both sides noted with pleasure that
economic and trade relations have seen progress since the 12 th
meeting. Bilateral trade reached a decade-high record of almost 1.83
billion USD in 2009, including 414.89 million USD from Vietnamese
exports.
However, the officials said economic and
trade ties remain modest, failing to reach their full potential, and
match with the excellent political relations, traditional friendship and
strategic partnership between the two countries.
Vietnam affirmed its desire to cooperate closely and effectively with
Russia in energy, with top priority given to oil and gas, and
construction of power plants and coal mining.
Other
fields that need to receive a boost include mechanical engineering,
automobile assembly, trade, finance, banking, education, training,
agriculture, science, technology, telecoms, aviation, sports, culture,
tourism and space research.
Both Hoang and
Khrristenko affirmed the two governments’ support for companies to
explore business and investment opportunities in each other’s markets.
The two sides agreed to hold the next meeting in Vietnam in 2011./.
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