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Vietnam introduces agricultural products in Moscow

Vietnam introduces agricultural products in Moscow

The event was attended by Executive Chairman of Eurasia Economic Union Entrepreneurs’ Association Viktor Kambolov - Deputy Head of the Trade Promotion Agency under the Ministry of Industry and Trade Bui Thi Thanh An, leaders of Food City and numerous enterprises from the two countries.

At the event, nearly 100 manufactures and enterprises were introducing and selling a diverse range of high-quality products, such as tea, coffee, nuts, dried fruits, seafood, vegetables and rice.

Addressing the opening ceremony, Kambolov emphasised that the Vietnamese trade pavilion is an important step in the economic international integration process of ASEAN countries, particularly for Vietnam, as well as contributes to increasing two-way trade turnover between Vietnam and Russia.

He also said that the free trade agreement (FTA) between Vietnam and the Eurasia Economic Union (EAEU) that took effect on October 5 will increase the volume of trade between the EAEU (including Russia, Kazakhstan, Belarus, Armenia and Kyrgystan) and Vietnam as well as expand the market of food and consumer goods for member countries.

For her part, Deputy Head of the Trade Promotion Agency Bui Thi Thanh An introduced Russian enterprises to the current situation of the Vietnamese economy, particularly in regards to strong commodities for exports to Russia such as seafood, agricultural products, food and footwear.

She expressed her hope that the traditional friendship between Vietnam and Russia and the FTA between Vietnam and the EAEU would bring two-way trade from US$4 billion to US$10 billion per year by 2020.

On the occasion, Viktor Kambolov and Bui Thi Thanh An signed a co-operation agreement, creating favourable conditions for enterprises of the two countries to fully take advantages of opportunities of the FTA in the coming time.