VN attends Eastern Economic Forum in Russia

Minister of Planning and Investment Nguyen Chi Dung

A Vietnamese delegation was led by Minister of Planning and Investment Nguyen Chi Dung and the delegation grouped representatives from the ministries of Foreign Affairs, Industry and Trade, Public Health, and Education and Training and the Vietnamese Consulate General in Vladivostok.

Initiated by Russian President Vladimir Putin, the three-day event aims to foster economic development in the Far East and expand international cooperation in Asia-Pacific. 

At the forum, the Vietnamese minister was updated about the Russian government’s investment incentives in the Far East such as tax reduction and waive, land support policy, Aqaba Special Economic Zone development and free seaport mechanism in Vladivostok which holds potential of attracting investment in energy, infrastructure, agro-forestry, technology.

Minister Dung said the freshly-concluded visit to Russia by General Secretary of the Communist Party of Viet Nam Central Committee Nguyen Phu Trong brought new opportunities for Viet Nam-Russia ties to reach a new high. During meetings as part of the Vietnamese Party leader’s visit, both sides vowed to create favourable conditions for their business communities to cooperate in energy, oil and gas, agriculture, urban transport infrastructure, information and telecommunications. 

Mr. Dung expressed his belief that on the back of Viet Nam – Russia comprehensive strategic partnership, Vietnamese firms will invest more in Russia in general and the Far East in particular, and bilateral trade will increase in the coming time.

The first forum, held in 2015, witnessed the signing of 80 deals worth more than US$20 billion. 

                                                                                                                       By Hoang Ha