Events spotlight trade with Russia

Thursday, Nov 05, 2015 08:16

Viet Nam will hold a series of events involving Vietnamese exports including garment and textiles in Russia this month. — VNA/VNS Photo Tran Viet
HA NOI (Biz Hub) — Viet Nam will organise a series of events in Russia in response to the signing of the free trade agreement (FTA) between Viet Nam and the Eurasia Economic Union (EEU).

The events would be jointly held by the Ministry of Industry and Trade (MoIT), the Vietnamese Embassy in Russia, State Committee of the Overseas Vietnamese Affairs, and the Bank for Investment and Development of Viet Nam (BIDV), in addition to the Ha Noi-Moscow Trade Centre Investment Joint Stock Company (INCENTRA).

Accordingly, a world-wide conference of Vietnamese entrepreneurs would be held on November 10. The two-day event is expected to attract participation of 150 Vietnamese entrepreneurs from around the world of which 70 are overseas Vietnamese in Russia. This would be the largest conference of its kind so far.

Participants would have the opportunity to visit production units of Vietnamese businesses in Russia. The entrepreneurs would also be honoured for their contribution to Viet Nam as well as having the chance to connect to Vietnamese businessmen worldwide.

A Viet Nam-Russia forum on promoting trade co-operation and bilateral payment would also be held on November 12. The forum aims to connect importers and exporters of the two countries, creating opportunities for businesses to seek co-operation. It would introduce opportunities and benefits of imports and exports after the FTA comes into effect. The bilateral payment channels, their advantages and preferences, as well as issues relating to the payment would be released at the forum.

The forum has drawn special attention of exporters from the two countries. The organising board said that around 300 to 350 firms, which include 200 Vietnamese companies and the rest from Russia, would take part in the event.

Specifically, the Viet Nam-Russia Bank and BIDV and VTB would speak about the two-way payment channels which have been a bottleneck for trade between the two countries over the past year.

A one-month long exhibition on high quality Vietnamese goods would begin on the same day. Around 170 Vietnamese enterprises with hundreds of tonnes of goods would be transported to Russia by sea and air. Food, garment and textiles, handicrafts, and seafood, apart from tea, coffee and confectionery, would be showcased at the event. The goods are required to meet with Vietnamese standards and should be suitable for the Russian market. About 4,000 to 5,000 Russian firms will be attending the exhibition.

Special conferences on connecting agricultural and foods businesses, wooden furniture and interiors, with experiences on access to Russian markets would be organised under the aegis of the exhibition. — VNS

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