Vietnam, Russia aim to nearly triple trade to $10 billion by 2020



Khanh Vu and Polina Devitt | Reuters

HANOI (Reuters) – Vietnam and Russia on Monday agreed to nearly triple bilateral trade to $10 billion by 2020 from $3.55 billion last year, while expanding energy ties. Russia is Vietnam’s biggest weapons supplier and Russian companies are involved in several Vietnamese energy projects. “We have agreed to cooperate more closely and effectively implement a free trade agreement Vietnam has signed with the (Russia-led) Eurasian Economic Union,” Vietnamese Prime Minister Nguyen Xuan Phuc told reporters in Hanoi on Monday after a meeting with his Russian counterpart Dmitry Medvedev. Read more here