Moscow entrepreneurs look for Export opportunities in Vietnam

[ASEAN NOW News]

Customers buy pork at a supermarket in Hà Nội. Russia ranked first in terms of exports of pork to Vietnam in the first half of this year. — VNA/VNS Photo

 

Over 100 Vietnamese companies participated in an online business matching event with entrepreneurs from Moscow earlier this week.

 

The event was organised by Moscow Export Center with the support of the Ministry of Industry and Trade of the Russian Federation and trade mission of Russia in Vietnam.

 

Apparently, there are many businesses in Moscow that are keen in penetrating the markets of Southeast Asian countries and are looking for opportunities to develop business relationships with Vietnamese partners.

 

During the event, 20 Moscow companies working in the fields of medicine, information technology, food, construction, machinery, and equipment introduced their products to Vietnamese partners.

 

 

The Russian trade mission in Vietnam noted growth in trade between the two countries.

 

The trade office identifies several promising industries for Russian exports to Vietnam including timber products, pharmaceuticals, meat, dairy and fish products, grain, flour, and other food products.

 

Russian exported $103.4Million tons of Pork

 

Russia ranked first in terms of exports of pork to Vietnam in the first half of this year with 52,600 tons, worth $103.4 million.

 

The parties of the two countries agreed on the veterinary certificates for beef, chicken, and offal, as well as pork, fish, and dairy products.

 

Soon, Vietnam will approve several enterprises producing seafood from Russian far eastern regions.

 

The trade office will work closely with the various authorised bodies of two countries in matters of certification of Russian companies exporting their products to Vietnam.

 

Business matching participants will be able to hold business-to-business (B2B) meetings with manufacturers to discuss partnership opportunities from July 21 to 23 2021.

 

Vietnam exported nearly $1.4 billion to Russia and imported $845.6 million in the first five months of this year. Trade surplus reached $524.9 million.

 

Top Vietnamese items exported to Russia in the five months include phones and components; computers, electronic products, and components; textile and garment; shoes; coffee and vegetable and fruit.

 

Two groups of Russian goods exported to Vietnam worth over $100 million are coal of all kinds, reaching $202.6 million: and iron and steel of all kinds at $160.3 million.

 

[DouglasTsui]

why not Singapore?