The Vietnamese Businesses’ Association (VBA) in Russia hosted a seminar in Moscow to discuss ways to promote Viet Nam’s economic and trade ties with Russia and the Eurasian Economic Union (EAEU).

During the event on March 5, participants reviewed the association’s activities in 2016 and proposed future plans.

Vietnamese enterprises were urged to maintain their operations in Russia, with the latter’s economy showing signs of recovery.

The free trade agreement signed between Viet Nam and the EAEU creates opportunities for Vietnamese enterprises in Russia, they said.

According to Duong Hoang Minh, commercial counsellor of the Vietnamese Embassy in Russia, the EAEU-Vietnam Free Trade Agreement has boosted economic links between Viet Nam and Russia.

Viet Nam’s export turnover to Russia increased by 20 percent in 2016, Minh said.

Meanwhile, Le Truong Son, chairman of the VBA in Russia, stressed Vietnamese firms in Russia have made efforts to reinforce their position and market share.

The association has served as a bridge to strengthen links between Viet Nam and Russia, he said, adding that the association is operating large-scale programmes to enhance economic and trade ties between Viet Nam and the EAEU. – VNS