Russian, Vietnamese localities boost cooperation

Localities from both nations should expand economic and trade cooperation, especially in potential areas such as agricultural production, tourism, shipbuilding and oil and gas exploitation.

Vietnamese ambassador to Russia Pham Xuan Son, who is paying a working visit to Russia’s Volgograd province from August 22-25, made the statement at a meeting with Volgograd regional Governor Sergey Bozhenov and provincial leaders.

Son highlighted the time-honoured friendship, strategic partnership and the role of the Vietnamese community in fostering the relationship between the two nations.

He thanked Volgograd leaders and people for helping the Vietnamese community over the years while asking them to forge favourable conditions for Vietnamese nationals to enrich themselves and make greater contributions to localities’ economic development.

For his part, Governor Bozhenov praised the contributions made by the Vietnamese community in Volgograd and called on Vietnamese localities and his province to raise the current trade value of US$9 million to a higher level by implementing more projects in the time to come.

Provincial leaders are willing to offer incentives for foreign investors including those from Vietnam to do business in Volgograd, he said.

Bozhenov asked the two sides to intensify information sharing and organize trade promotion forums and seminars in a bid to reach the bilateral trade target of US$7 billion by 2015.

Meeting with Vietnamese expatriates living in Volgograd as part of his visit, Son kept them updated on Vietnam-Russia relations and called for their practical contributions to socio-economic development in the two countries.

Son’s ongoing visit to Russia aims to implement agreements reached by senior leaders and the Vietnamese Embassy’s working program