The Republic of Bashkortostan of the Russian Federation is willing to create the most favourable conditions for Vietnamese firms to invest in the country.
Moscow (VNA) – The Republic of Bashkortostan of the Russian Federation iswilling to create the most favourable conditions for Vietnamese firms to investin the country, said Bashkortostan’s President Rustem Khamitov told Vietnamese Ambassadorto Russia Nguyen Thanh Son.
During a meeting with the Vietnamese diplomat, who led a Vietnamese working delegationto visit Bashkortostan from April 22-24, Khamitov said his country hopes to attractmore investors using high technologies in cattle-breeding and dairy productionas Russia now lacks about 10 million tonnes of milk.
The twosides discussed the possibilities for implementing projects in the industrial-agriculturalcomplex.
Introducing his country’s potential to the guest, Khamitov said Bashkortostan boastsabundant natural resources and developed industrial and agricultural sectors andbreeding.
The local authorities are encouraging investmentin planting vegetables in glass houses, he said, expressing his joy at Vietnamesedairy firm TH True Milk’s decision to invest in the country’s agriculturalsector.
For his part, Ambassador Son said he believes the relations between Vietnam withRussia in general and Bashkortostan in particular will be reinforced andstrengthened in the coming time.
He committed to making every effort to accelerate the implementation of cooperationprojects.
While briefing the host on the market research tour of Bashkortostan, TH TrueMilk Chairwoman Thai Huong said her firm has decided to pour 220million USD into breeding dairy cows and processing products from cow milk inthe republic.
She suggested the local authorities make it easy for the group to carry out theproject.
Agreeing with Huong, President Khamitov approved the establishment of a working group led by DeputyPrime Minister Irek Mukhametdinov to work with the Vietnamese company toperform the project.
Earlier the same day, the Vietnamese delegation had a working session with PrimeMinister Mardanov, during which the two sides discussed cooperationorientations and investment attraction from Vietnam to Bashkortostan.
AmbassadorSon called for stronger efforts from both sides to further their trade links,especially when the free trade agreement between Vietnam and the Eurasia EconomicUnion has officially taken effect.
Bilateral trade between Bashkortostan andVietnam stands at about 15 million USD – a modest figure compared to the twocountries’ potential.-VNA
The Republic of Bashkortostan is willing to discuss economic cooperation in every form with Vietnam, particularly in establishing joint ventures in farming, machinery manufacturing and oil processing
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A corner in TH True Milk company (Source: VNA) 
