The expo is aimed at promoting the two countries’ trade and economic ties and Russia’s exports to Southeast Asia.
Head of the International Relations Department of the Vietnam Chamber of Commerce and Industry said at a press conference on October 3 that the expo would showcase products and services for export, investment projects and research findings of businesses, universities and research agencies.
At the expo, which will attract hundreds of businesses from the two countries, Vietnamese firms will have the opportunity to learn about Russia’s investment environment and seek business partnerships, he noted.
The expo will also introduce achievements in energy, machine manufacturing, transport and telecommunication, as well as mining, chemical industry, healthcare, agriculture and hi-tech industries.
A series of trade promotion activities will also take place as part of the expo, within the framework of the Vietnam Year in Russia and the Russia Year in Vietnam in celebration of the 25th anniversary of the signing of the treaty on basic principles for the bilateral friendship (1994-2019).
Russia is one of Vietnam’s most important trade partners with two-way trade hitting US$4.57 billion, a year-on-year rise of 28.6%. Vietnam and Russia aim to increase the bilateral trade to US$10 billion by 2020.