Expo-Russia Vietnam to enhance bilateral economic links
Expo-Russia Vietnam 2017, the second edition, is scheduled to take place at Melia Hanoi from December 13 to 15 with a view to promoting the two countries’ trade and economic ties and Russia’s export to Southeast Asia.
Expo-Russia Vietnam 2017, the second edition, is scheduled to take place at Melia Hanoi from December 13 to 15. (Source: VNA)
Hanoi (VNA) – Expo-Russia Vietnam2017, the second edition, is scheduled to take place at Melia Hanoi fromDecember 13 to 15 with a view to promoting the two countries’ trade andeconomic ties and Russia’s export to Southeast Asia.
Nguyen Tuan Hai, deputy head of theinternational relations department of the Vietnam Chamber of Commerce andIndustry (VCCI), said at a press conference on December 11 that the expo willshowcase products and services for export, investment projects, and researchfindings of businesses, universities and research agencies.
It will also introduce achievements in energy,machine manufacturing, transport, telecommunication, mining, chemical industry,health care, agriculture, and hi-tech industries.
He noted at the expo, which will attracthundreds of businesses from the two countries, Vietnamese firms will have achance to learn about Russia’s investment environment and seek businesspartnership.
D.R.Vartanov, Director of Russian companyZarubezh Expo – head of the expo’s organising board, said at the first event inDecember 2015, the Russian side inked 172 agreements with Vietnamese partners.
Russian businesses are paying special attentionto the Asian-Pacific region, he noted, expressing his belief that the twocountries will reap more successes in cooperation in energy, transport, healthcare, telecommunications and tourism.
A series of trade promotion activities will takeplace as part of the expo, including a Vietnam-Russia business forum, aworkshop on economic cooperation between member countries of the EurasianEconomic Union and Vietnam, and roundtables on agriculture, energy, transport,and health care.
According to the General Department of VietnamCustoms, bilateral trade was at 1.7 billion USD in the first six months of2017, including over 1 billion USD of Vietnam’s exports to Russia.-VNA
The first industrial exhibition EXPO Russia-Vietnam 2015 and the Vietnam-Russia Business Forum will take place in Hanoi this month, said the Vietnam Chamber of Commerce and Industry (VCCI).
The Vietnam - Russia Business Forum took place on December 14, discussing the two sides’ economic cooperation within the framework of the Free Trade Agreement (FTA) between Vietnam and the EAEU.
Vietnam always welcomes and wishes to receive investments from Russia, especially in the fields of energy, oil and gas exploitation and refinery, industrial equipment and auto manufacturing, President Tran Dai Quang has said.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.