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Russia-Vietnam trade turnover to reach $4 billion in 2014

October 07, 2014, 14:21 UTC+3 HANOI
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HANOI, October 7. /TASS/. Trade turnover between Russia and Vietnam will reach $4 billion in 2014, Deputy Economic Development Minister Alexeн Likhachyov told PRIME Tuesday.

“We have increased trade turnover in the last five years, while in 2014 it is expected to amount to $4 billion. This is not a bad figure, but we have room for growth, as the Russian market of 140 million people and the Vietnamese market of 90 million people give us all the possibilities not only to expand trade volumes, but also its assortment as well,” Likhachyov said.

A transition to national currencies in mutual settlements could stimulate the growth, he said, adding that a Russian-Vietnamese intergovernmental working group to prepare the transition was established, and the first group’s meeting will be held until the end of this year.

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