Vietnam, Russia aim to boost trade to $5 billion in 2015

TN News

Email Print

 
Vietnam President Truong Tan Sang and his counterpart Vladimir Putin agreed to expand joint oil exploration and production in both countries

Vietnam and Russia aim to increase two-way trade between the two nations to $5 billion in 2015 and $10 billion in 2020, according to a statement posted on the Vietnamese government's website Saturday.

Vietnam President Truong Tan Sang and his counterpart Vladimir Putin agreed to expand joint oil exploration and production in both countries, as well as in other countries in the future, the statement said.

The two nations will also expand military and defense cooperation as they enter into a deeper relationship, according to the statement.

EXTERNAL LINK

Sang and a Vietnamese delegation met with Putin on a state visit in the Russian city of Sochi.

Vietnam will soon negotiate a free-trade agreement with Russia, Belarus and Kazakhstan, the statement said. Two-way trade Vietnam and Russia rose to $1 billion in the first five months of this year, an increase of 46 percent from a year earlier, it said.

Like us on Facebook and scroll down to share your comment

More Politics News