Expo-Russia Vietnam to take place in mid-November

The third Expo-Russia Vietnam 2019 will take place from November 14-16 at the Hanoi-based National Exhibition Construction Centre, the Vietnam Chamber of Commerce and Industry (VCCI) said at a press conference in the capital city on October 3.

According to the VCCI, the Vietnam-Russia Interregional Business Forum will also be held on this occasion.

The events aim to mark the 25th anniversary of the signing of the treaty on basic principles for the Vietnam-Russia bilateral friendship (June 16, 1994), and form part of activities within the Vietnam Year in Russia and Russia Year in Vietnam.

The biennial expo has been co-organised by the VCCI and Zarubezh Expo JSC of Russia since 2015, said Nguyen Tuan Hai, head of the VCCI’s Foreign Relations Department.

Over the past years, Vietnam has attracted great attention from foreign businesses, including those from Russia, he said, adding that Russia now ranks 24th among 129 countries and territories investing in the Southeast Asian nation, with 123 projects valued at 932 million USD.

Meanwhile, Vietnam is running 22 projects worth nearly 3 billion USD in Russia. Vietnam is Russia’s 23rd largest trade partners worldwide, the biggest in the Association of Southeast Asian Nations (ASEAN), and the sixth among members of the Asia-Pacific Economic Cooperation (APEC) forum.

Hai said after the EAEU-Vietnam Free Trade Agreement took effect on October 5, 2017, trade between Vietnam and Russia grows about 30 percent annually and is projected to reach 10 billion USD in 2020.

Alexander Kardo-Sysoev, deputy head of the Russia Trade Office in Vietnam, said the Expo-Russia Vietnam 2019 will see the participation of exporters in major areas like energy, mechanics, agriculture, transportation, media, chemical industry, medicine and pharmaceutical products.

( VNF/VNA )