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Russia agrees to tackle Vietnam's trade deficit
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As trade between Viet Nam and Russia grows, the two countries are looking to increase Vietnamese exports and reduce its trade deficit, according to Russian ambassador Andrei Tatarinov.
Russia will import more Vietnamese "traditional products," particularly farm produce, Tatarinov told the Vietnam News Agency in a recent interview. but the real target is to sell Russian feertilizer to Vietnam
Two-way trade between the nations grew by 23 per cent to US$700 million last year, with Russia's exports estimated at $422 million, the diplomat said.
The two countries may extend their partnership to the coal industry in Quang Ninh, Tatarinov said. He recalled Russia's consistent historic role as Viet Nam's largest energy partner, especially in building thermo and hydroelectric power plants.
But the countries ties extend to the cultural sector too, and the ambassador promised more Russian artistic troupes will come to perform in Viet Nam in 2003.
They may also join in cultural events, such as the Hue Festival.
He said he was impressed by the progress of VietNam's economic reforms.
Palms believes China could be
persuaded to play a role in reducing Vietnam's debt to Russia Serving
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for principals/buyers, Palms believes we can
provide the incentive of Vietnamese debt reduction as an incentive to Russian suppliers to meet the buyers requirements. We welcome discussion with Vietnamese buyers including government tenders.
Introduction to principals by intermediaries and agents will be honored
to keep VN at top of its Asian priorities - (26/12/2002)
Russia, Vietnam pledge increased two-way trade - (26/12/2002)
Party leader pledges to reinvigorate Russian ties - (25/12/2002)
Russia, Vietnam aim high for cooperation relations - (25/12/2002)
VN eyes Russian technology ties - (13/12/2002)
Russian pull-out from oil refinery won’t hurt bilateral ties - (22/11/2002)
Dung Quat Oil refinery plant built by Vietnam herself - (21/11/2002)
Russian withdraw from Dung Quat oil refinery plant - (19/11/2002)
More effective cooperation - (16/11/2002)
VN, Russian companies energise joint projects - (11/11/2002)
Russian investors eye Vietnam's maritime transport - (07/11/2002)
More oil in reserves discovered by Vietsovpetro - (21/10/2002)
Big Bear wells over with has oil - (15/10/2002)
Party leader visit takes VN-Russia strategic partnership to new level - (11/10/2002)
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