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PM: Vietnam, Russia hold potential to boost trade, investment ties

Prime Minister Nguyen Xuan Phuc highlighted cooperation opportunities for Vietnam and Russia to boost trade and investment ties at a reception in Hanoi on December 24 for Chairman of the State Duma of the Federal Assembly of the Russian Federation Vyacheslav Viktorovich Volodin.
PM: Vietnam, Russia hold potential to boost trade, investment ties ảnh 1Prime Minister Nguyen Xuan Phuc shakes hands with Chairman of the State Duma of the Federal Assembly of the Russian Federation Vyacheslav Viktorovich Volodin (Photo: VNA)
Hanoi (VNA) - PrimeMinister Nguyen Xuan Phuc highlighted cooperation opportunities for Vietnam andRussia to boost trade and investment ties at a reception in Hanoi on December24 for Chairman of theState Duma ofthe Federal Assembly of the Russian Federation Vyacheslav Viktorovich Volodin.

The Government leader noted with pleasure that the particularly reliablepolitical relationship between Vietnam and Russia have been maintained andstrengthened through the exchange of delegations at all levels, especiallythose at the high level.

PM Phuc believed that the ongoing official visit to Vietnam by Volodin willcontribute to the enhancement of the bilateral relationship.

Many corporationsand businesses of Vietnam want to invest in Russia, he said, expressing hishope that Russia’s investment projects in the fields of infrastructuredevelopment, energy and transport in Vietnam will be successfully carried out.

The PM urged ministries and agencies of Vietnam and Russia to closely coordinateand effectively in implementing the Free Trade Agreement (FTA) between Vietnamand the Eurasian Economic Union in a bid to realize the target of 10 billionUSD in two-way trade by 2020.

The two sides need to actively remove non-tariff barriers, especially for agriculturaland aquatic products, he said.

PM Phuc suggested the State Duma urged Russian agencies to allow moreVietnamese firms to export seafood to the Russian market in accordance withprovisions of the above-mentioned FTA as well as of the World TradeOrganisation and international practices.

Energy cooperation, especially oil and gas exploration and exploitation,continues to be an important pillar of the Vietnam-Russia cooperation, hestressed, affirming that Vietnam supports and is willing to create favourableconditions for Russian oil and gas enterprises to operate effectively inVietnam.

The Vietnameseleader expected that the State Duma and Volodin to support thisstrategic cooperation.

PM Phuc thanked theRussian side for helping Vietnam train human resources and hoped the country toincrease the number of scholarships granted to Vietnam to 1,000 per year, and boostcultural exchanges and support each other in tourism promotion.

He appreciated the effective support from the State Duma and Volodin for boosting cooperationbetween localities of the two countries, and expected the State Duma tocontinue serving as a bridge between Vietnamese and Russian localities on thebasis of signed agreements.

PM Phuc suggested the State Duma and Government of Russia to assist Vietnam inbuilding an e-Government, and create favorable conditions for the Vietnamesecommunity to live and do business stably in the country.

Having spoke highly of cooperation between the National Assembly of Vietnam andthe State Duma, the PM applauded the exchange of all-level delegations betweenthe two parliaments, saying that this has contributed to enhancing coordinationand sharing of information and experience in law-making and supervision, wellas promoting the implementation of bilateral cooperation agreements.

For his part, Volodin held that the relationship between Vietnam and Russia hasdeveloped positively, and high-level meetings have contributed to fostering thebilateral ties.

He proposed a meeting in Moscowbetween Vice Chairman of the State Duma  Ivan Мelnikov and Vietnamese Ambassador toRussia Ngo Duc Manh with Vietnamese enterprises and overseas Vietnamese inRussia to seeking ways to remove difficulties and obstacles facing them.

Volodin emphasised the need to establish a legal foundation, which he said thatit is very necessary to develop an e-Government, adding that the Russian sideis ready to work closely and share its experience with Vietnam in this field.

According to the chairman, Vietnamhas become an attractive destination for Russian tourists. In 2017, the numberof Russian visitors to Vietnam exceeded 512,000, representing year-on-yearincrease of 30 percent. The figure is expected to hit 700,000 in 2018.-VNA
VNA

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