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    19 May 2016. Russian President Vladimir Putin, right, and Prime Minister of Vietnam Nguyen Xuan Phuc during a bilateral meeting on the sidelines of the ASEAN-Russia Summit at the Radisson Blu Resort & Congress Centre in Sochi

    Russia, Vietnam Want to Expand Use of National Currencies in Bilateral Trade

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    Russia and Vietnam both want to expand use of the national currencies in bilateral trade and investment, Russian Deputy Prime Minister Igor Shuvalov said Wednesday.

    ST.PETERSBURG (Sputnik) — Russia and Vietnam both want to expand use of the national currencies in bilateral trade and investment, Russian Deputy Prime Minister Igor Shuvalov said Wednesday.

    "We would like to significantly advance on the use of only national currencies in our trade relations without the use of third-party currencies. This will help us to support bilateral projects, including investment," Shuvalov said at an intergovernmental commission session.

    The Russia-Vietnam intergovernmental commission also discussed the free trade agreement between the Eurasian Economic Union and Vietnam scheduled to come into force on October 5.

    The agreement stipulates that both parties must remove all major trade barriers in their markets to imports from other signatory states.


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