Making news

Seminar aims to promote Vietnam-Russia trade ties

Businesses from Vietnam and Russia exchanged information and introduced their products at a seminar held in the Russian oblast of Ivanovo on September 12-13.

Vice Chairwoman of the Russia-Vietnam Friendship Association Regina Budarina hoped through the event, Russian and Vietnamese companies would sign contracts to help increase trade between the two countries to 10 billion USD in the near future.

She said the association wants to contribute to the development of bilateral economic and trade cooperation as well as connect Vietnamese firms with Russian partners.

As part of the trade promotion programme, Vietnamese businesses had an opportunity to visit production and processing facilities in Ivanovo and neighbouring areas to explore cooperation prospects.

Alexandra Zinovieva, director of the centre for supporting development and exports of businesses in Ivanovo, highlighted the sound traditional ties between Vietnam and Russia.

She said that Russian businesses in general and particularly enterprises in Ivanovo oblast want to cooperate with Vietnamese partners.-VNA/VNP

FDI disbursement in January hits five-year high

FDI disbursement in January hits five-year high

Economists said that the continued growth in realised FDI reflects foreign investors’ sustained implementation and expansion of production and business activities in Vietnam. This is seen as an encouraging signal, underscoring investors’ confidence in Vietnam’s business environment and economic prospects.

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