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The Hanoitimes - Vietnam and Russia have stepped up its oil and gas cooperation in a latest move amid China’s growing expansionism in the South China Sea. Vietnam’s Prime Minister Nguyen Xuan Phuc has said the Vietnamese government always attaches great the importance to oil and gas cooperation with Russia companies. Vietnam’s Prime Minister Nguyen Xuan Phuc and General Director of Zarubezhneft JSC Sergey Ivanovich Kudryashov in Hanoi on December 13. Photo: VGP He said he will ask the Ministry of Industry and Trade to consider some preferential mechanisms for Russian companies, mostly oil and gas ones, to facilitate their operations in Vietnam, Phuc said at a meeting with General Director of Zarubezhneft JSC Sergey Ivanovich Kudryashov. The PM affirmed that the government of Vietnam will create optimal conditions for projects run by Zarubezhneft and Vietnam Oil and Gas Group (PetroVietnam). Zarubezhneft and PetroVietnam are running two petroleum joint … [Read more...] about Vietnam prioritizes oil and gas cooperation with Russia: PM

The Hanoitimes - The two sides consider inter-parliamentary cooperation an important component of the strategic partnership between the two countries. The first Vietnam-Russia inter-parliament meeting has opened up new areas of cooperation that are poised to foster the comprehensive strategic partnership. Vietnam’s National Assembly Chairwoman Nguyen Thi Kim Ngan and Chairman of the State Duma of Russia Vyacheslav V. Volodin. Photo: VNA Vietnam’s National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan and Chairman of the State Duma of Russia Vyacheslav V. Volodin co-chaired the meeting in Moscow last week. “It would be right for us to work more intensively in the economic sphere, developing both foreign economic relations and goods circulation. It is clearly insufficient for the level of our relations. […] For our part, we must do everything to develop cooperation more effectively than today,” the State Duma quoted Viacheslav Volodin. “When we talk about … [Read more...] about First Vietnam-Russia Inter-parliamentary Commission discusses new areas of cooperation

Russian Foreign Ministry Spokesperson Maria Zakharova (Photo: VNA) Moscow (VNA) – Russia attaches importance to the strategic partnership with Vietnam in the new context, Russian Foreign Ministry Spokesperson Maria Zakharova has said. She made the remarks on the occasion of the 20th anniversary of the signing of the Vietnam-Russia strategic partnership statement (March 1). The statement is a clear confirmation of the aspirations of Vietnamese and Russian people for enhancing the bilateral ties on the basis of the time-honoured friendship and mutually beneficial cooperation between the two countries, the spokeswoman said. The signing is the result decades-long, effective collaboration between Vietnam and Russia across spheres, while demonstrating their determination to expand the relationship in the new historical context, according to the statement. Zakharova said over the past two decades, the strategic partnership has reaped impressive achievements, with … [Read more...] about Russia attaches importance to strategic partnership with Vietnam in new context

The Hanoitimes - Activities including trade expos are expected to tighten economic ties between the two countries which will celebrate the 70th anniversary of diplomatic ties next year. Two-way trade between Vietnam and Russia is of great potential and Vietnamese authorities will create more favorable conditions for the investment and operations of Russian firms, Vietnamese Deputy Prime Minister Trinh Dinh Dung has said. Vietnam's Deputy Prime Minister Trinh Dinh Dung. Photo: Linh Pham Vietnam and Russia trade will greatly depend on vision and determination from the both sides, especially the business communities, Dung said at the Expo-Russia Vietnam 2019 taking place in Hanoi on November 14-16. Being a member of 13 free trade agreements (FTAs), 12 of which are already effective, Vietnam has been committed to international regulations requiring high standards for goods and trade activities, Dung said, adding that FTAs will encourage foreign companies to … [Read more...] about Room for Vietnam-Russia trade growth remains large: Deputy PM