Russia fosters strategic partnership with VietnamPromoting cooperation with Reviewing the Vietnam-Russia comprehensive strategic partnership, Kovtun said bilateral relationship has developed strongly through high-ranking reciprocal visits and expanded cooperation. Many large-scale agreements were implemented in 2013, resulting in effective cooperation in energy, telecommunications, culture, education and training, tourism, and science and technology. Two-way trade turnover in the first 10 months of this year hit US$3.15 billion, up 2% compared to the same period last year. Of the total, US$2.24 billion was generated from Vietnamese exports, up 20.5%. The two sides aim to raise bilateral trade value to US$7 billion by 2015 and US$10 billion by 2020.
The diplomat recalled big progress in the ongoing negotiations of a free trade agreement (FTA) between the Customs Union (comprising He said both sides are determined to reach a more balanced pact that will not only stimulate two-way trade turnover but also promote trade, services, investment, and technology transfer among its members. He said the Customs Union is on the threshold of entering a new economic integration period following the debut of the Eurasian Economic Community (EAEC) originated from the Customs Union. Once a new EAEC treaty is signed in 2014 and comes into effect in 2015, it will deepen integration between He also expressed hope VOV |
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