President Phúc Wishes To Lift Vietnam-Russia Trade By 15 Times



The Star

MOSCOW (Vietnam News/Asia News Network): President Nguyễn Xuân Phúc has asked ministries, agencies and businesses of Việt Nam and Russia to seek ways to lift two-way trade by 15 times from the current US$5 billion and tripling investment in the near future.

Addressing the Vetnam-Russia Business Forum that drew 80 firms from both sides in Moscow on Wednesday, Phúc said Vietnam is one of the 20 most successful countries globally in terms of foreign direct investment attraction.

He suggested Russian firms study more about the Vietnamese market and vice versa to achieve better results and reach bilateral trade levels commensurate with the traditional, profound relations between the two countries.

The President affirmed that Vietnam will try to build stable and predictable policy and institutions, adding that he requested Vietnamese localities and ministries, especially the Ministry of Planning and Investment, to coordinate effectively to attract capital flows and formulate ideas to create momentum in trade and investment.

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