17:35 GMT +305 December 2016
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    VIETNAM, RUSSIA TO STEP UP TRADE

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    HANOI, FEBRUARY 16 (RIA Novosti correspondent Thu Huong) - Victor Khristenko, Russia's Deputy Prime Minister, is in Vietnam on a two-day routine visit. Today, he met at the negotiation table in Hanoi with Vu Khoan, his counterpart of the host country. Messrs. Khristenko and Vu co-chair an intergovernmental commission for bilateral partnership.

    They summed up last year's contacts to highlight certain progress. Nevertheless, Russian-Vietnamese trade is far below either country's potential and wishes, with an approximate US$650 million turnover last year, pointed out the negotiators.

    The Vice-Premiers agreed on practical contacts in banking, capital investment, petroleum, gas, engineering and automotive industries, telecommunications and certain other economic spheres.

    The bilateral commission held session to discuss research and cultural partnership, joint intellectual property protection, and Russian-based companies' prospects to step up capital investment in Vietnam. The commission intends to sign a summing-up protocol tomorrow.

    Phan Van Khai, Vietnamese Prime Minister, received Mr. Khristenko today, and displayed enthusiasm with Russian plans to increase the number of scholarships for Vietnamese under-and postgraduate students.

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