Vietnam hopes FTAs will bring more opportunities to expand export markets

Vietnam and Canada have reached the consensuses on basic points for the Foreign Investment Promotion and Protection Agreement FIPA, which is expected to be signed right in 2011. The issues relating to the possible impacts of the FTA on the Customs Union of Russia, Belarus and Kazakhstan, are being considered by the Vietnamese agencies and the union’s agencies. Recently, the EU has been joining forces to organize events in Vietnam where the advantages are analyzed if the two sides sign an FTA.

Viettel wins telecom contract in Peru

Viettel defeated other bidders from Russia, Chile, and Brazil by pledging to provide free-of-charge internet for 4,025 local schools in following ten years, much higher than the minimum requirement of 1,350 schools.

Master defends crown

Liem won his first round match over Andrey Zhigalko of Bulgaria on Tuesday and will meet Chinese Xiu Deshun who beat Romain Edouard of France next round. Liem's strongest rivals include six international super grandmasters and eight international grandmasters, including Gata Kamsky of the US, Sergei Movsesian of Armnia, Dmitry Jakovenko of Russia and Maxime Vachier Lagrave of France.

Vietnam condemns terrorist attack in Moscow

“We are very indignant after hearing about the bombing at Domodedovo airport in Moscow, Russia on Jan. 24 that leaves many people dead and injured,” said spokesperson Nguyen Phuong Nga in response to reporters’ questions on Vietnam’s reaction.

Russia newspaper hails Mui Ne beach

The article says that Mui Ne is of the most beautiful beaches in Vietnam, where tourists can relax and join many leisure and sports activities, including kite surfing with a very competitive price of US$400-500 for a 4-5 day tour.

Vietnam-Russia Bank allowed to hike chartered capital to 3tr dong

VRB was established by two founding shareholders including Bank for Investment and Development of Vietnam (Bidv) and Russia-based VTB Bank.

Russia offers untapped potential for exporters

Viet Nam-Russia trade was not commensurate with the potential and expectations of the two countries. Last year, two-way trade was worth US$1.8 billion despite the economic downturn and the two countries target $3 billion by 2012. Viet Nam accounts for just 0.24 per cent of Russia's total imports.

VN, Russia target US $3 billion in trade in 2012.

Speaking at a workshop on supporting exporters to the Russian market held recently in Hồ Chí Minh City, Nguyễn Ngọc Quân from the European Market Department under the Ministry of Industry and Trade said that to support businesses which conduct import-export activities with Russia, the ministry will strengthen the organization of seminars, dialogues and information exchange between the two countries’ localities and businesses, as well as build financial support policies for trade promotion program in Russia.

Russia shares public asset management with Vietnam

Medvedev, who is also President of the Russia-Vietnam Friendship Parliamentarians Group, was received by National Assembly Vice Chairman Uong Chu Luu in Hanoi on December 14. The Vietnamese NA official told his guest he was pleased to see the traditional friendship, multifaceted cooperation and strategic partnership between Vietnam and Russia being strengthened and deepened for the sake of their people.

Tourism industry targets Russia

With long stays and greater spending capacity than tourists from other countries, Russian visitors offered a huge potential market for the sector, he said, adding that it aimed to attract 350,000 Russian visitors by 2020, a three to four-fold increase on the current figure.

Vietnam attends charitable fair in India

The fair also attracted the participation of more than 40 foreign embassies, including those of Spain  Russia, China, Japan, Kazakhstan, Pakistan, Egypt and Thailand. The Vietnamese Embassy’s pavilion showcased the country’s traditional products such as lacquer paintings, palm-leaf hats, Central Highlands coffee and Pho (noodle soup).

Russian cultural days in Vietnam open

The event, the second of its kind, is held by Vietnam’s Ministry of Culture, Sports and Tourism and Russia’s Ministry of Culture in three big cities of Hanoi, Da Nang and Ho Chi Minh City from Nov.15-22.

Medvedev to sign nuclear power deal in Vietnam

Trade between Russia and Vietnam increased to $1.56 billion last year from $1.4 billion a year ago and was up another 16.6 percent year-on-year in the first half of 2010, according to Russian government figures.

Russia's VTB, Vietnam bank to set up $500 mln fund

Andrei Kostin gave no further fund-raising details. "The fund will support projects in the energy field and mining. We agreed to set up the fund in 2011," he said.

Brewers reap US rewards despite less drinking

Earlier this year, Molson bought a stake in a joint venture with a Chinese brewer and entered Vietnam and Russia.

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