HANOI: Vietnam continues to speed up administrative reforms, improve the investment environment and create favourable conditions for Russian businesses to expand here, says Prime Minister Pham Minh Chinh.
During the Vietnam-Russia Business Dialogue in Hanoi on Wednesday, Chinh recommended that both sides continue to diversify products and supply chains so that more goods can penetrate each other’s markets.
He requested ministries, branches, local areas and the two business communities to strengthen connections, look at their mutual needs and promote the transportation of goods by air, sea and rail.
Adding that two-way economic cooperation failed to match the potential and expectations of the two nations, the Prime Minister said he hoped that Russian businesses would expand their presence in Vietnam, especially in terms of infrastructure, energy, transportation and logistics.
For his part, Russian Prime Minister Mikhail Mishustin said the current two-way trade turnover still lagged behind the potential of the two countries.
He affirmed that the bilateral economic relationship would continue to be strengthened, especially in key areas such as energy, high-tech agriculture and logistics, aiming towards sustainable development and contributing to their common interests. — Viet Nam News/ANN
