Small businesses hold the key to unlock Vietnam, Russia trade
(VOV) - The Vietnam Chamber of Commerce and Industry (VCCI) held a Vietnam, Russia Business Forum, December 12-14, to discuss measures to propel economic cooperation, trade and investment between the two nations toward their full potential.
“The Trade Mission has worked hard to promote business relations between Russia and Vietnam,” said a Russian Trade Office representative at the forum, as it helps companies from both nations find partners in each other’s markets.
Development of small and medium-size companies is crucial for Russia's growth, its economic resilience and adaptability as they are flexible and can quickly fulfil demand in new market niches.
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Additionally the representative underscored the point that small businesses create new sources of economic growth, enhance economic efficiency and create jobs and are the fundamental drivers of the nation’s economy.
In this regard, the Trade Mission’s special role is to promote the interests of small and medium-sized Russian companies and to attract Vietnamese small companies to do business in Russia.
The forum was timed to coincide with a Russia, Vietnam Industrial Exhibition (Expo Russia-Vietnam) at which more than 40 Russian exhibitors introduced their latest technological advances in a vast array of fields.