Vietnam, Russia work to bring bilateral trade to US$10 billion in 2020

Friday, 2018-09-14 22:05:05
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Politburo member, Secretary of the CPV Central Committee and head of its Economic Commission Nguyen Van Binh (R) hosts Russian Presidential Commissioner for Entrepreneurs’ Rights Tivot Boris Yurievich (Photo: VNA)
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NDO/VNA – The Communist Party of Vietnam (CPV) and the Government are striving to bring the Vietnam-Russia trade to US$10 billion in 2020, Politburo member, Secretary of the CPV Central Committee Nguyen Van Binh said on September 14.

Politburo member Binh, who is also head of the CPV Central Committee’s Economic Commission, made the statement while receiving Tivot Boris Yurievich, Russian Presidential Commissioner for Entrepreneurs’ Rights.

At the meeting in Hanoi, Secretary Binh spoke highly of the thriving Vietnam-Russia comprehensive strategic partnership, reflected through the success of the recent visit to Russia by General Secretary of the CPV Central Committee Nguyen Phu Trong.

He also underlined the consistent policy of the Party and Government of Vietnam to further promote the bilateral investment and economic cooperation to match the two countries’ political ties.

Affirming the warm relations between the countries, the Party official said that the two governments need to create favourable conditions for the operation of businesses in each country, which in turn will contribute to the bilateral trade.

In reply, Tivot said that the President and entrepreneurs of Russia want to enhance investment and trade collaboration with Vietnam. Therefore, both sides need to seek methods with high feasibility to create cooperation frameworks in the economic sector, particularly in high technology industry and agriculture.

The Commissioner put forward the coordination in legal rights protection for Vietnamese and Russian businesses, and consulted with Vietnamese authorities on measures to promote Russia’s economic growth with a view to reducing dependence on oil sources.

He expressed his hope for more activities that foster understanding, trust and prompt actions of the countries, facilitating the bilateral cooperation.