VN-Russia economic forum held in Moscow

MOSCOW — Almost 400 businesses attended a Viet Nam-Russia economic forum entitled "Strategic partnership – comprehensive co-operation" in Moscow on Wednesday.

Addressing the opening ceremony, Vice President of the Chamber of Commerce and Industry of the Russian Federation George Petrov said Russia and Viet Nam had combined actions based on a fine traditional friendship, mutual trust and understanding, active political dialogue and co-operation for mutual interest.

Two-way trade value recorded a year-on-year increase of 8.2 per cent to more than US$1.5 billion in 2009 despite the global economic crisis and reached $924 million in the first half of this year, he said.

Viet Nam now had 59 Russian-invested projects totalling more than $576 million, excluding those in the oil and gas industry, he added.

However, Petrov noted, the two countries had yet to bring into play the full potential of the bilateral relationship.

He suggested businesses from the two countries increase contacts, exchange market information and further co-ordinate with each other to gain access to other regional markets.

He expressed his hope that both countries would sign a number of co-operation agreements to further promote the strategic partnership and comprehensive co-operation during Russian President Dmitry Medvedev's upcoming visit to Viet Nam. Petrov also called on Vietnamese businesses to invest in and co-operate with Russia's Far East and Sibir regions.

Vice President of the Viet Nam Chamber of Commerce and Industry (VCCI) Pham Gia Tuc took the opportunity to introduce almost 100 Vietnamese businesses participating in the Viet Nam Days in Russia Expo and the VCCI's business promotion and connectivity activities.

For his part, Minister of Industry and Trade Vu Huy Hoang spoke of the advantages of Viet Nam's business and investment environment, saying that the nation was an active developing market which is safe, stable and deeply integrated in the global economy.

Viet Nam's policy on foreign-invested businesses considered them as one of its own and created favourable conditions for investors, he confirmed.

He called on overseas Vietnamese businesspeople in Russia to invest directly or through joint ventures in their home country.

A seminar on the establishment of representative offices for Vietnamese businesses in Russia and a meeting between businesses from the two countries took place within the framework of the forum. — VNS

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Vietnam-Russia economic forum held in Moscow

Almost 400 Vietnamese and Russian businesses attended the Vietnam-Russia economic forum entitled, “Strategic partnership – comprehensive cooperation” in Moscow, Russia Wednesday.

Addressing the opening ceremony, Vice President of the Chamber of Commerce and Industry of the Russian Federation George Petrov said that Russia and Vietnam have combined actions based on the fine traditional friendship, mutual trust and understanding, active political dialogue and cooperation for mutual interest.

Two-way trade value recorded a year-on-year increase of 8.2 percent to more than US$1.5 billion in 2009 despite the global economic crisis and reached $924 million in the first half of the year, he said.

Vietnam now has 59 Russian-invested projects totalling more than $576 million, excluding those of the oil and gas industry, he added.

However, Petrov noted, the two countries have yet brought into play the full potential of the bilateral relationship.

He suggested the two countries’ businesses increase contacts, exchange market information and further coordinate with each other in gaining access to other regional markets.

He expressed the hope that both countries would sign a number of cooperation agreements to further promote the strategic partnership and comprehensive cooperation during Russian President Dmitry Medvedev’s upcoming visit to Vietnam .

Petrov also called on Vietnamese businesses to invest in and cooperate with Russia’s Far East and Sibir regions.

Vice President of the Vietnam Chamber of Commerce and Industry (VCCI) Pham Gia Tuc took the occasion to introduce almost 100 Vietnamese businesses participating in the Vietnamese Days in Russia expo and VCCI’s business promotion and connectivity activities.

For his part, Minister of Industry and Trade Vu Huy Hoang spoke of the advantages of Vietnam ’s business and investment environment, saying that the nation is an active developing market which is safe and stable and deeply integrating into the global economy.

Vietnam ’s policy considers the foreign-invested businesses as part of Vietnamese business and creates favourable conditions for investors, he confirmed.

He called on overseas Vietnamese business people in Russia to invest directly or through joint ventures in the home country.

A seminar on the establishment of Vietnamese businesses’ representative offices in Russia and a meeting between the two countries’ businesses took place within the framework of the forum.

 

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Vietnam-Russia economic forum held in Moscow

Almost 400 Vietnamese and Russian businesses attended the Vietnam-Russia
economic forum entitled, “Strategic partnership – comprehensive
cooperation” in Moscow , Russia , on Sept. 15.

Addressing the opening ceremony, Vice President of the Chamber of
Commerce and Industry of the Russian Federation George Petrov said that
Russia and Vietnam have combined actions based on the fine
traditional friendship, mutual trust and understanding, active political
dialogue and cooperation for mutual interest.

Two-way trade value recorded a year-on-year increase of 8.2 percent to
more than 1.5 billion USD in 2009 despite the global economic crisis and
reached 924 million USD in the first half of the year, he said.

Vietnam now has 59 Russian-invested projects totalling more
than 576 million USD, excluding those of the oil and gas industry, he
added.

However, Petrov noted, the two countries have yet brought into play the full potential of the bilateral relationship.

He suggested the two countries’ businesses increase contacts,
exchange market information and further coordinate with each other in
gaining access to other regional markets.

He
expressed the hope that both countries would sign a number of
cooperation agreements to further promote the strategic partnership and
comprehensive cooperation during Russian President Dmitry Medvedev’s
upcoming visit to Vietnam .

Petrov also called on Vietnamese businesses to invest in and cooperate with Russia ’s Far East and Sibir regions.

Vice President of the Vietnam Chamber of Commerce and Industry (VCCI)
Pham Gia Tuc took the occasion to introduce almost 100 Vietnamese
businesses participating in the Vietnamese Days in Russia expo and
VCCI’s business promotion and connectivity activities.

For his part, Minister of Industry and Trade Vu Huy Hoang spoke of
the advantages of Vietnam ’s business and investment environment,
saying that the nation is an active developing market which is safe and
stable and deeply integrating into the global economy.

Vietnam ’s policy considers the foreign-invested businesses as
part of Vietnamese business and creates favourable conditions for
investors, he confirmed.

He called on overseas
Vietnamese business people in Russia to invest directly or through
joint ventures in the home country.

A seminar on
the establishment of Vietnamese businesses’ representative offices in
Russia and a meeting between the two countries’ businesses took place
within the framework of the forum./.

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