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Trade turnover between Russia and Vietnam can reach $10 bln by 2020

The volume of Russian exports to Vietnam in 2018 amounted to $2.5 bln

HANOI, March 27. /TASS/. Building up mutual investments will help solve the problem of increasing trade turnover between Russia and Vietnam to $10 bln by 2020, Russia’s Minister of Industry and Trade Denis Manturov said at a meeting with Minister of Industry and Trade of Vietnam Tran Tuan Anh.

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"We are faced with the goal of increasing trade turnover to $10 bln by 2020. We will have to work very hard to achieve such figures," he said.

This is possible under the condition of increasing mutual investments in the economy of the two countries, the Minister noted. Russia and Vietnam are already working on a list of mutually beneficial investment projects, Manturov added.

The volume of Russian exports to Vietnam in 2018 amounted to $2.5 bln, imports from Vietnam reached $3.6 bln.

After the talks, the two ministers signed an updated list of priority investment projects, updated to reflect the current economic situation and the interests of the parties.

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