The EEU and Vietnam, which has a huge potential in farm produce, garments-textiles and household electronics, can support and supplement each other in goods imports and exports, he noted.
Economists say the signing of a free trade agreement (FTA) by the two sides has created favourable conditions for their businesses to increase import-export and investment activities in the coming time.
Through Vietnam, Russian firms can integrate into the ASEAN market more easily, they said, suggesting both sides' businesses study regulations set in the FTA as well as consumption demands of each particular market.
A representative from Russia's Ministry of Economic Cooperation said there is great potential for cooperation between Vietnam and Russia and the collaboration is bound to advance in the near future because of the incentives of the two Governments. (SH)
ALCHEMPro News Desk – India
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