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President stresses Vietnam’s interest in invest in Russia

July 30, 2012, 14:34 UTC+3
In 2011, Russian-Vietnamese trade stood at $ 3 billion and it reached $ 1.5 billion in the period of January through to May 2012
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MOSCOW, July 30 (Itar-Tass) — Vietnam is interested in developing investment cooperation with Russia, in the first place with the regions of Siberia and the Far East, Vietnamese President Truong Tan Sang told a Russian-Vietnamese business forum organized by the Chamber of Commerce and Industries.

According to President Truong, Vietnam is ready to offer the most favorable conditions to Russian businesses and in addition it may play the role of a springboard for Russia’s investors seeking to get to the markets of Southeast Asian countries.

Vietnam, on its part, is highly interested in getting an opportunity to invest in the regions of Siberia and the Far East, Truong said.

“We pay extensive attention to foreign investment and especially to the one from Russia,” he said. “/Production and exploration of/ oil and gas, telecommunications, the building industry, nuclear power industry, and tourism are the priority areas,” Truong said.

“Also, Vietnam has interest in an earliest possible signing of an agreement on a free trade zone in the format of the CIS Customs Union,” he said.

Sergei Katyrin, the president of the Chamber of Commerce and Industries stressed the presence of substantial reserves for building up cooperation on both sides.

“An important tendency that has emerged in the past few years is the interest of the Russian business community towards Vietnam,” he said. “Several dozen delegations have visited that country since the beginning of the year.”

In 2011, Russian-Vietnamese trade stood at $ 3 billion and it reached $ 1.5 billion in the period of January through to May 2012.

Exclusive of the oil and gas sector, the accrued Russian investment totaled $1 billion at the end of 2011.

 

 

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