Russia sees Vietnam as an important hub

Hanoi (VNA) – Russia sees Vietnam as an important hub for its products to
enter other countries in Southeast Asia and it is keen to establish joint venture
companies for goods production in Vietnam , said the Russian Trade and Industry
Minister.

Minister Victor B. Khristenko delivered the message to State President Nguyen Minh
Triet during their meeting in Hanoi on October 21.

The Russian minister is currently here for the 13 th meeting of the Vietnam-Russia
Inter-governmental Committee for Economic, Commercial, Scientific and Technological
Cooperation.

Both host and guest shared their joy at developments in the Vietnam-Russia
relationships over the past years.

They agreed that based on the traditional political ties, the two countries’
economic, trade and investment cooperation has harvested encouraging achievements.

Besides their successes in bilateral cooperation projects in oil and gas
exploration, the two countries are mulling on a possibility of carrying out
cooperation projects in mechanical engineering and auto assembly industries in a
third country.

President Triet told the Russian minister that Vietnam expects an increase in
Russia ’s investment in the country in such fields as aviation, nuclear power
generation, and the development of metro system.

He appreciated the Intergovernmental Committee’s signing of a roadmap to implement
a mid-term Russia-Vietnam action plan for the trade and investment sectors from now
to 2012, and asked the two countries’ relevant ministries and sectors to focus
efforts on deploying cooperative programmes.-Enditem