Russia firms eye VN opportunities

01-Oct-2015 Intellasia | VNS | 6:00 AM Print This Post

A delegation from Russia attended a meeting on cooperation with Vietnamese enterprises yesterday in Hanoi.

The Vietnam Chamber of Commerce and Industry (VCCI) and the Russian Centre of Science and Culture in Hanoi organised the forum, held as an opportunity for companies to exchange information and seek investment.

Vietnam was becoming an attractive market for Russian enterprises – especially those in renewable energy, industry, high technology, manufacturing and petrochemistry, said Pham Thi Thu Hang, general secretary of VCCI. Vietnam was willing to create reasonable conditions for Russian enterprises, she added.

Russia had large economic and technological potential in manufacturing, new energy, mining, automation, industrial production and the supporting industry, she said. Vietnam, on the other hand, had advantages in human resources, natural resources and geographic positioning.

Strozhaeva Lubov Viktorovna, head of the delegation, said Russian enterprises were ready to cooperate with Vietnamese enterprises.

Nguyen Tuan Hoa from Hanel Limited Company said Hanel wanted to work with Russian enterprises, which are superior in finance and advanced technology. Hanel wanted to learn from Russian businesses so it could cooperate more internationally.

Economic cooperation between Vietnam and Russia has focused on commerce, investment, oil and gas, and electricity in recent years. The bilateral turnover between Vietnam and Russia increased from $500 million in 2001 to nearly $3 billion last year.

A free trade agreement between Vietnam and the Eurasian Economic Union was signed in May, and is expected to increase cooperation between Vietnam and the region.


Category: Economy, Vietnam

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