Vietnam – potential market of Russian businesses
Updated : Wednesday, April 11, 2018 10:24 AM (GMT+0700)

Vietnamis a potential market that Russian businesses want to cooperate and boost tradeexchanges with, heard a forum in Ho Chi Minh City on April 10.

A platform in Bach Ho field of the Vietnam-Russia joint venture Vietsovpetro - Source: VNA

Chief Representative of theRussian Export Centre in Hanoi Robert Kurilo said Vietnam and Russia becamemembers of the Eurasian Economic Union (EAEU) in 2016. Since then, thebilateral trade exchange has increased significantly. Many Russian productsincluding farm produce have been present in Vietnam and vice versa, he added.

There is a wide room for thetwo countries to boost cooperation in tourism, agriculture and oil and gas,Kurilo said, noting that Russian firms are especially keen to collaborate withVietnamese partners in developing tourism and agri-products.

Vietnam has a lot ofdelicious fruits and farm produce while the demand for such products in Russiais really huge. Russia is importing various kinds of fruits from countries inthe Southeast Asian region. This will be an excellent opportunity forVietnamese businesses to boost exports to the market, he said.

Nguyen Viet Anh from NafoodsGroup JSC said his company is seeking partners to expand its exports to Russia. Anhsaid Russia is a huge market that has big demand for farm produce and tropicalfruits. 

He hoped to establishpartnership with Russian import-export companies to make inroads into themarket in the coming time.

Russian firms not only wantto import farm produce and aquatic products from Vietnam but also expect tobring Russian food products to Vietnamese customers. 

Gostevskikh Mikhail,managing director of Siberia company, said Russian businesses consider Vietnaman attractive destination to implement new commercial development strategies.

Vietnam is one of thefastest growing economies in Asia with improved local living standards andincreasing demand for high-quality and safe products.

Vietnam is not only apotential economic partner of Russia but also a close friend of Russian people,Mikhail said, adding that he believes the bilateral trade will reap positiveoutcomes in the coming time with the efforts of two sides’ State agencies andbusinesses.

Sergey Klishin fromSchelkovo Agrohim, one of the largest manufacturers of pesticides in Russia,said his company is seeking opportunities to export its products to Vietnam asthe Southeast Asian country boasts a large area for agricultural production.

At the forum, participantssuggested Vietnam and Russia step up trade promotion and business connectivityto create more opportunities for enterprises to seek partners and set uplong-term partnerships.


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