18:36 GMT +316 August 2018
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    Medvedev invites Vietnam to join large projects

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    Russian President Dmitry Medvedev received on Tuesday Vietnamese Prime Minister Nguyen Tan Dung and said he was seeking to cooperate on several large projects with the socialist republic.

    Russian President Dmitry Medvedev received on Tuesday Vietnamese Prime Minister Nguyen Tan Dung and said he was seeking to cooperate on several large projects with the socialist republic.

    Russian Industry and Trade Minister Viktor Khristenko, who visited Hanoi in late October for a meeting of the Vietnam-Russia intergovernmental committee, said bilateral cooperation had been most active in high-tech and energy in 2009.

    "Despite the economic crisis, our relations have not been damaged. On the contrary, a growth of [bilateral] trade is being seen," Medvedev said.

    According to the Economic Development Ministry, Russian-Vietnamese trade increased 4.1% to $1.16 billion in the first nine months of 2009.

    Vietnam's Chamber of Commerce and Industry said bilateral trade between the two countries reached a record $1.5 billion in 2008 and was expected to hit $2 billion this year.

    Medvedev said there were a number of large projects, both traditional and new, and expressed hope that progress would be made in all directions.

    Vietnam mainly exports seafood, garments, rubber and footwear to Russia, and imports coal, steel, fertilizers and gas.

    On Monday, the Vietnam-Russia Joint Venture Bank (VRB) officially opened a subsidiary bank in Moscow to assist Vietnamese exporters active in Russia and Eastern Europe.

    MOSCOW, December 15 (RIA Novosti)

     

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