Vietnam-Russia Committee meets for 15th session
(VOV) - The 15th session of the Vietnam-Russia Intergovernmental Committee for Economic, Commercial, Scientific, and Technological Cooperation opened in Moscow on October 17.
Committee members first reviewed activities from the previous sessions and evaluated the minutes of last November’s meeting.
Vietnamese Deputy Prime Minister and Committee Co-Chair Hoang Trung Hai used his speech to highlight successes in the development of political relations between Vietnam and Russia. Upgrading the two countries’ comprehensive strategic partnership has only helped these advances.
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Two-way trade turnover between Russia and Vietnam is expected to hit around US$3 billion this year. Both sides underlined the need for decisive and immediate measures promoting bilateral economic and trade cooperation. They include the early negotiation and signing of the Free Trade Agreement (FTA) between Vietnam and the Russia- Kazakhstan-Belarus Customs Alliance, and establishing a joint working group to accelerate already existing projects.
Mr Hai and his Russian counterpart Igor Ivanovic Shuvalov congratulated the two sides after signing a roadmap for implementing a joint action plan on economic, trade, and investment cooperation until 2015.
During the session, they also discussed ways to further cooperation between Vietnamese and Russian localities in the energy, industry, and science and technology sectors. Agreement was reached on the need for additional collaboration in agriculture, finance and banking, information and communication, and healthcare.