Deputy Prime Minister joins Vietnam Entrepreneurs Forum in Russia

Addressing the forum which highlighted the prospect for Vietnam - Russia cooperation as the Vietnam - Eurasia Economic Union Free Trade Agreement (VN-EAEU FTA) will go into effect on October 5th, the Deputy Prime Minister gave a general overview of Vietnam’s situation in terms of diplomatic activities, economics, security and national defence, culture and society.

Deputy Prime Minister Trinh Dinh Dung addresses the forum. (Photo: VNA)

According to the him, one of Vietnam’s biggest achievements has been transitioning from an underdeveloped country into an average income country which is on the way to industrialization and modernization. “The achievement is partly contributed by the overseas Vietnamese community in general, and those working and living in the Russian Federation in particular,” he said.

Regarding the VN-EAEU FTA going into effect, Mr Dung said that this would present both opportunities and challenges as it would be a factor promoting trade, investment and tourism cooperation between Vietnam and EAEU; however, the Vietnamese community in the Russian Federation should shift business legally and transparently, and further increase the quality of products to take advantage of the agreement’s preferential policies and be competitive enough.

Attending the forum, Vietnamese Ambassador to the Russian Federation Nguyen Thanh Son pledged to work with the Vietnam Entrepreneurs’ Association in Russia to take maximum advantage of the VN-EAEU FTA to realise the wide and deep integration policies of the Vietnamese Party and State, contributing to boosting the Vietnam - Russia relationship in general and the economic and trade links between the two nations in particular.

Earlier, Deputy Prime Minister Trinh Dinh Dung and the high-ranking Government delegation laid a wreath at Uncle Ho memorial in the Russian Federation’s capital, Moscow.