Russia supports businesses in cooperation with Vietnam: Deputy PM Kozak

The Russian Government always supports its businesses in increasing cooperation with Vietnam especially in the fields of oil and gas and energy according to Russian Deputy Prime Minister Dmitry Kozak
russia supports businesses in cooperation with vietnam deputy pm kozak

Deputy Prime Minister Vuong Dinh Hue (left) and his Russian counterpart Dmitry Kozak.(Photo: VNA)

He made the affirmation at a talk with his Vietnamese counterpart Vuong Dinh Hue in Moscow on December 10, which was held in the framework of an official visit by Vietnamese National Assembly Chairwoman Nguyen Thi Kim Ngan.

The two Deputy PMs shared the assessment that bilateral economic, trade and investment ties have recorded positive development in the recent past, with two-way trade value reaching 4.5 billion USD in 2018 and 3.77 billion USD in the first 10 months this year, and new investment projects launched.

In the context of multiple fluctuations in the world, the two sides agreed to coordinate to remove non-tariff barriers for each other’s goods, especially for agricultural and fishery products, with a view to optimizing their potential and advantages created by the Vietnam-EAEU free trade agreement.

Deputy PM Hue stressed that Vietnam attaches importance to the partnership with Russia in oil and gas and energy, which are important pillars of the Vietnam-Russia comprehensive strategic partnership.

The two sides agreed to work to remove obstacles that are hindering their joint projects in Vietnam, and expanding the scale of joint projects in energy and oil and gas while improving the operational efficiency of joint ventures Vietsovpetro and Rusvietpetro. They pledged to facilitate the participation of oil and gas enterprises of both countries in new schemes in oil and gas exploration and exploitation, and gas-fuelled electricity generation.

The two Deputy PMs also examined bilateral cooperation in finance and banking, as well measures to implement high-level agreements on several key cooperation projects.

The same day, Deputy PM Hue received executives of Gazprom, Zarunezhneft and Power Machines. He took the occasion to affirm that the Vietnamese Government always welcomes and creates favourable conditions for Russian firms to expand oil and gas exploration and exploitation activities in Vietnam’s continental shelf as well as in other fields.

Source: VNA

Related News

HCM City Customs informed more than 7,000 businesses "escaped" to the HCM City Tax Department

HCM City Customs informed more than 7,000 businesses "escaped" to the HCM City Tax Department

VCN - Information about import-export activities of more than 7,000 businesses not operating at their business registration addresses has been provided to the Tax agency by the HCM City Customs Department.
Vietnam - France trade reached nearly US$2.5 billion in the first half of the year

Vietnam - France trade reached nearly US$2.5 billion in the first half of the year

VCN - France is Vietnam's leading trade partner in Europe with bilateral turnover reaching billions of US$/year.
Bank profits improve but there are no expectations

Bank profits improve but there are no expectations

VCN - According to assessments of credit institutions, the overall business situation and pre-tax profit of the banking system in the second quarter of 2024 has improved but is not really clear in the first quarter. and did not meet expectations.
Businesses highly appreciate support of Lang Son Customs

Businesses highly appreciate support of Lang Son Customs

VCN – The working group of the Customs Reform and Modernization Board (under the General Department of Vietnam Customs) held a workshop on survey and evaluation of actual implementation of the development of Customs-Business partnerships (2014-2024) at Lang Son Customs Department.

Latest News

FTA - support to promote pangasius export

FTA - support to promote pangasius export

VCN - The implementation of FTAs ​​always creates favorable conditions for businesses to expand and diversify markets, bringing Vietnamese seafood, including pangasius, to participate deeperly into the global production and supply chain.
Technology increases competitiveness in the logistics race

Technology increases competitiveness in the logistics race

VCN - In the context that the logistics industry in Vietnam is forecast to continue to grow strongly, many businesses are actively applying technology and expanding service chains to take advantage of opportunities and keep pace with the general trend.
MoIT proposes key solutions to cope with rising sea freight prices

MoIT proposes key solutions to cope with rising sea freight prices

The Ministry of Industry and Trade (MoIT) has requested local associations and businesses to coordinate implementing key solutions to promote imports and exports as sea freight rates rise.
Vietnamese seaports to handle 1.2-1.4 billion tonnes of cargo by 2030

Vietnamese seaports to handle 1.2-1.4 billion tonnes of cargo by 2030

Vietnam's seaport cargo throughput is set to reach 1.2-1.4 billion tonnes by 2030, with container cargo expected to range from 46.3 to 54.34 million TEUs, according to a detailed plan for the development of seaport groups, wharfs, jetties, buoy berths, and water areas in 2021-2030, with a vision to 2050.

More News

Binh Dinh seeks investment opportunities from Germany, France

Binh Dinh seeks investment opportunities from Germany, France

A delegation from the south central province of Binh Dinh led by Permanent Vice Secretary of the provincial Party Committee Le Kim Toan paid a working trip to Germany and France to explore investment opportunities from July 17-22, reported the provincial Department of Planning and Investment.
Warnings as HRC steel imports continue to increase rapidly

Warnings as HRC steel imports continue to increase rapidly

The amount of imported hot-rolled coil steel in the first six months of this year increased sharply to an alarming level, 1.7 times higher than domestic production.
MoIT warns about international trade fraud

MoIT warns about international trade fraud

Trade experts said that the number of cases was increasing and taking place in all markets from Africa, the Middle East, India to developed countries such as the US, the Netherlands, and Italy.
Enterprises self- renovate to promote exports to the Central region

Enterprises self- renovate to promote exports to the Central region

VCN - Opportunities to cooperate and promote the export of products of Central region enterprises directly into foreign distribution networks and effectively participate in the global production value chain... are assessed to have a lot of potential.
Corporate culture "lighting the way" for sustainable development

Corporate culture "lighting the way" for sustainable development

VCN - The government aims to cultivate and develop numerous business leaders capable of heading strong economic conglomerates by 2030, leveraging their roles to lead and pave the way. To achieve this goal, financial strength alone is not enough; a robust foundation in business culture is essential.
The fast-moving consumer goods industry aims for green and sustainable development

The fast-moving consumer goods industry aims for green and sustainable development

VCN - Vietnam's consumer goods industry currently has the fastest growth rate in the ASEAN region. However, for sustainable development in the future, businesses in the fast-moving consumer goods industry need to aim for green consumption.
Stronger “medicine” needed to help businesses overcome difficulties

Stronger “medicine” needed to help businesses overcome difficulties

Businesses have suggested the Government maintain its support to help them overcome difficulties, recover production and business activities, and promote growth, given the fact that many of them still face difficulties despite the country’s GDP growth rate of 6.42% in the first half of this year.
Insiders optimistic about durian export to China

Insiders optimistic about durian export to China

Insiders believe in a bright prospect for durian export to China though the world’s largest durian consumer is expanding the cultivation of this fruit.
Vietnam

Vietnam's cashew industry facing fluctuations in raw material prices

VCN - Although exports recorded double-digit growth in the first half of 2024, Vietnam's cashew industry is facing fluctuations in raw material prices.
Read More

Your care

Latest Most read
FTA - support to promote pangasius export

FTA - support to promote pangasius export

VCN - According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is considered an important step for the seafood industry to "take off", in which there
Vietnam - France trade reached nearly US$2.5 billion in the first half of the year

Vietnam - France trade reached nearly US$2.5 billion in the first half of the year

France is Vietnam's leading trade partner in Europe with bilateral turnover reaching billions of US$/year.
Technology increases competitiveness in the logistics race

Technology increases competitiveness in the logistics race

VCN - Logistics plays an important role in the entire process from social production, import and export, circulation and distribution to consumption, creating added value, making an increasingly greater contribution to promoting the growth of the country'
MoIT proposes key solutions to cope with rising sea freight prices

MoIT proposes key solutions to cope with rising sea freight prices

The Ministry of Industry and Trade (MoIT) has requested local associations and businesses to coordinate implementing key solutions to promote imports and exports as sea freight rates rise.
Vietnamese seaports to handle 1.2-1.4 billion tonnes of cargo by 2030

Vietnamese seaports to handle 1.2-1.4 billion tonnes of cargo by 2030

Vietnam's seaport cargo throughput is set to reach 1.2-1.4 billion tonnes by 2030, with container cargo expected to range from 46.3 to 54.34 million TEUs, according to a detailed plan for the development of seaport groups, wharfs, jetties, buoy berths, and water areas in 2021-2030, with a vision to 2050.
Mobile Version