In his opening remarks, Nguyen Tuan Hai, Director of the International Relations Department of VCCI said the fruitful political and diplomatic relations between Vietnam and Russia will be a foundation and favourable condition for economic, trade and investment relations between the two countries to develop strongly in the coming time.

Processing canned pineapple products for export at a factory of An Giang Agricultural Import-Export JSC.

Since the Vietnam - EAEU Free Trade Agreement (Vietnam-EAEU FTA) officially entered into force in October 2016, the deal has become a solid foundation for trade and investment cooperation between the two countries, he said, adding that this pact also serves as an effective tool and good support for Vietnamese enterprises to promote the export of their strong products, especially agricultural and aquatic products to the Russian market, as well the EAEU.

Tsygankov Kirill from the Russian trade representative office in Vietnam said that economic and trade cooperation is an important factor in the comprehensive strategic partnership between Russia and Vietnam, noting that since the Vietnam - EAEU FTA took effect in 2016, 98% of tariff lines have been cut to 0%.

He spoke highly of the prospect of Vietnam's fresh fruit export to Russia, as the Southeast Asian country boasts a variety of fresh tropical fruits and nutritious vegetables.

He recommended that Vietnamese businesses transport goods to Russia by rail, saying that Russia's railway company and Vietnam's Railway Transport and Trade JSC (RATRACO) have successfully tested a container train connecting Vietnam and Russia via China's territory, which took around 2-3 weeks.

For high-value and perishable goods, air freight may be considered, he said.

In the future, if the exchange of goods increases between the two countries, it is necessary to organise direct transport of goods by sea without having to transit in ports in Hong Kong (China) or China and the Republic of Korea, in order to significantly shorten the time of goods transportation, he said.

Kirill advised Vietnamese enterprises to be more active in promoting their goods in the Russian market through e-commerce platforms.

Fruit exports to South Korea surge

Vietnam exported $107.25 million worth of fruit and vegetables to South Korea in the first eight months of this year, up 3.47 percent year-on-year.

Foreign experts highlight Vietnam’s production, export strengths

Within the region, Vietnam ranks high on economic performance, fuelled by a powerful gain of manufacturing and export capability, according to economists Shirley Shen and Aidan Yao from the Singaporean-based AXA Investment Managers Asia.

Imports-exports contribute VND285.62 trillion to State budget

State budget collection from import-export activities reached VND85.62 trillion (US$12.53 billion) in the first nine months of this year, equivalent to 90.6% of the estimate and a year-on-year rise of 25.83%.

Quantity of export Chu rice noodle increases

(BGO) –  Luc Ngan district (Bac Giang province) has produced more than 10,300 tonnes of Chu rice noodles for the first nine months of this year, up nearly 1,000 tonnes year on year, 600 tonnes of which were exported, representing 10 percent increase of expanded market. Total commodity value hit nearly 325 billion VND (14.3 million USD).

Vietnam has opportunities to boost farm produce exports to the UK

Vietnam has great opportunities to export rice, fruit and other agricultural products to the UK, one of the 10 largest markets in the world, with an annual food import turnover of more than US$65 billion.

Source: NDO/VNA