Moscow (VNA) – With its high food sales andposition as a major transshipment hub that supplies goods to ASEAN countriesand China, Vietnam offers attractive prospects for Russian exporters, said ViceChairwoman of the Russia - Vietnam Friendship Association (RVFA) ReginaBudarina at a workshop held in Moscow on April 23.
Budarina noted in her speech that Russia’s non-resourceexport to Vietnam grew by about 45 percent last year.
Also at the workshop that discussed prospects for import andexport between the two nations, head of the Vietnam Commercial Affairs Officein Russia Duong Hoang Minh reviewed Vietnam’ growth in 2020 despite theCOVID-19 pandemic.
The nation grew 2.9 percent last year and the number isprojected to hit 7 percent this year.
According to Russia’s Federal Customs Service, in 2020, thetwo countries’ bilateral trade stood at 5.7 billion USD, up 15 percent from2019 and 50 percent from 2016. Russia’sexport to Vietnam and Vietnam’s export to Russia hit 1.6 and 4 billion USD,increasing 43 and 7 percent on-year, respectively.
Minh noted that with the implementation of the free tradeagreement (FTA) between Vietnam and the Eurasian Economic Union (EAEU), Russianfirms are seeing an excellent chance for shipping goods to Vietnam as well asinvesting in production in the nation for exports to ASEAN member nations andto other markets that Vietnam has already secured FTAs with./.
Budarina noted in her speech that Russia’s non-resourceexport to Vietnam grew by about 45 percent last year.
Also at the workshop that discussed prospects for import andexport between the two nations, head of the Vietnam Commercial Affairs Officein Russia Duong Hoang Minh reviewed Vietnam’ growth in 2020 despite theCOVID-19 pandemic.
The nation grew 2.9 percent last year and the number isprojected to hit 7 percent this year.
According to Russia’s Federal Customs Service, in 2020, thetwo countries’ bilateral trade stood at 5.7 billion USD, up 15 percent from2019 and 50 percent from 2016. Russia’sexport to Vietnam and Vietnam’s export to Russia hit 1.6 and 4 billion USD,increasing 43 and 7 percent on-year, respectively.
Minh noted that with the implementation of the free tradeagreement (FTA) between Vietnam and the Eurasian Economic Union (EAEU), Russianfirms are seeing an excellent chance for shipping goods to Vietnam as well asinvesting in production in the nation for exports to ASEAN member nations andto other markets that Vietnam has already secured FTAs with./.
VNA
