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Russian-Vietnamese trade to reach 4 billion dollars by year’s end, Shuvalov says

October 15, 2013, 21:49 UTC+3
Shuvalov called for stepping up investment cooperation and set out new areas of economic interaction
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HANOI, October 15 (Itar-Tass) - Russian First Deputy Prime Minister Igor Shuvalov who is paying a visit to the Vietnamese capital Hanoi said on Tuesday that he expected Russian-Vietnamese trade to reach four billion dollars by year’s end.

“The figure stood at 3 billion dollars last year. It will increase to four billion this year and will amount to 15 billion in 2020. However, that cannot suit us fully because our potential is much wider,” Shuvalov said at a meeting with Vietnamese Prime Minister Nguyen Tan Dung.

Shuvalov called for stepping up investment cooperation and set out new areas of economic interaction. He said that Russia was particularly interested in energy cooperation, including hydraulic electric energy, and cooperation in the peaceful use of atom.

The Russian leadership wants to expand trade and economic ties with the Asia-Pacific region and attaches special importance to relations with Vietnam.

“Vietnam is our traditional trading partner, and we are ready to expand cooperation with it in the entire range of possible interactions. We really want to make this cooperation comprehensive and mutually beneficial. The Russian government is ready to take all necessary measures to achieve this goal,” Shuvalov said.

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