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RF Minister for Far East Development begins visit to Vietnam

Russia’s Far East and Vietnam have exclusive possibilities for partnership in setting up joint ventures

HANOI, June 17 (Itar-Tass) - During the official part of a visit to Vietnam, which began on Monday, Minister for Development of the Far East, plenipotentiary of the Russian president in the Far East Federal District Viktor Ishayev will discuss different aspects of trade and economic relations between the regions of the Russian Far East and the Socialist Republic of Vietnam. He arrived in the Vietnamese capital at the invitation of President Truong Tan Shang of the country on Sunday.

The visit program envisages the meetings with the Vietnamese head of state, Minister of Industry and Trade Wu Huihuang, Minister of Planning and Investment Bui Quang Vinh, as well as the leadership of the Vietnamese Ministry of Culture, Sports and Tourism. On Tuesday, Ishayev will meet with the leadership of the Vietnamese Chamber of Commerce and Industry and the People’s Committee (mayor’s office) of Hanoi. During talks, the sides will focus their attention on issues of advancing inter-regional investment cooperation between Russia and Vietnam.

According to experts, Russia’s Far East and Vietnam have exclusive possibilities for partnership in setting up joint ventures, as well as processing fish products on the territory of the Russian Federation and the Socialist Republic of Vietnam. The Far East annually exports about 10 million cubic meters of raw wood, therefore, Russia is interested in opening wood-working productions on its territory. Besides, the Far East produces 2.5 million tones of sea products a year, which makes it possible to develop interaction in processing sea bioresources. There are also considerable prospects for cooperation in the sphere of tourism, and the establishment of direct regular air communication between the Far East’s cities and resort cities of Vietnam would promote it, specialists believe.

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