Vietnam, Russia target bilateral trade towards US$10 billion in 2020

VOV.VN -Secretary of the Communist Party of Vietnam (CPV) Central Committee Nguyen Van Binh has affirmed Vietnam’s high determination to raise Vietnam-Russia trade to US$10 billion in 2020 at a meeting with Tivot Boris Yurievich, Russian Presidential Commissioner for Entrepreneurs’ Rights in Hanoi on September 14.

At the reception, Binh, who is also Politburo member and head of the CPV Central Committee’s Commission for Economic Affairs, applauded the growing Vietnam-Russia comprehensive strategic partnership, as demonstrated by the recent successful visit to Russia by General Secretary of the CPV Central Committee Nguyen Phu Trong.

He also underscored the Vietnamese Party and Government’s unwavering policy of furthering bilateral investment and economic cooperation on a par with the two countries’ political ties.

Binh suggested two governments offer the best possible conditions for business operations in their respective nations as a better way to further boost bilateral trade. 

Tivot told his host that the President and entrepreneurs of Russia desire to increase investment and trade links with Vietnam, thus requiring more efforts to seek feasible measures to create a cooperation framework in the economic sector, particularly in hi-tech industry and agriculture. 

He proposed closer coordination in legal rights protection for Vietnamese and Russian businesses, and consulted with Vietnamese authorities on measures to stimulate Russia’s economic growth in the aim of narrowing dependence on oil sources.

The Russian guest said he wishes that more activities would be launched to deepen mutual understanding and trust, and beef up bilateral cooperation.

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