On July 7, the Russian Union of Industrialists and Entrepreneurs, together with Delovaya Rossiya, held a webinar, "The Potential of Trade and Economic Cooperation between Russia and Vietnam: Opportunities and Limitations." The event was attended by over 100 people, the representative of the Russian Federation in Vietnam Vyacheslav Kharinov, trade adviser to the Embassy of Vietnam in Russia Zyong Hoang Min, and the head of the representative office of Russian Export Center in Vietnam Robert Kurilo became the speakers of the webinar. The session was moderated by Maxim Kuznetsov, Vice-President of the RAUIE.
Nonna Kagramanyan, head of the executive committee of "Business Russia" made a welcoming speech: “Not so long ago, "Business Russia" signed an agreement with the Chamber of Commerce and Industry of Vietnam. We held several forums with the participation of the leadership of the countries, this has become a foundation in our relations. I hope that such events will help develop solutions to key trade problems between Russia and Vietnam. ”
During the event, Russia's trade representative in Vietnam, Vyacheslav Kharinov, noted that Vietnam is Russia's key partner in Southeast Asia, but Vietnam, according to 2019 is only 38th in terms of trade with Russia: “Over the 3 months of this year, export growth from Russia to Vietnam amounted to 76%. ”
Trade Advisor to the Embassy of Vietnam in Russia Zyong Hoang Min gave a brief report on the Russian-Vietnamese trade: “At the end of 2019, Vietnam’s trade with the world amounted to $ 517 billion. Vietnamese exports reached $ 264 billion, import of goods amounted to $ 253 billion. Also in 2019 the year we had a positive trade balance - about $ 11 billion. " In his report, the trade adviser also noted the importance of signing an agreement between the EAEU and Vietnam on free trade, which will increase the turnover by the end of 2020.
Maxim Kuznetsov, Vice-President of the Russian Union of Industrialists and Entrepreneurs, spoke about key trends in Russian-Vietnamese trade, and also noted prospective sectors for Russian exporters: “Vietnam is historically close to Russia, and our products complement each other and not compete. The key growth points today are the Russian export of agricultural products, the promotion of Russian IT products in the Vietnamese market, cooperation in tourism sphere and real estate, the localization of Russian enterprises in Vietnam, as well as the import of textile products and the export of dietary supplements and medical products to Vietnam ” . Also, Maxim Kuznetsov outlined the main problems faced by the Vietnamese and Russian partners: "As a rule, both our and Vietnamese entrepreneurs are not well aware of the legislation and business culture" As a solution, the RAUIE offers educational courses conducted jointly with RUDN University, as well as marketing research services in Vietnam.
During the event, the speakers made the following recommendations for Russian entrepreneurs: to thoroughly research the market and adapt products, check the counterparty, open a representative office in Vietnam, study the business culture and basic information about the country's legislation.
The event recording is available at:
https://zoom.us/rec/share/5-Akfon7315OT7P3sxvaff4MQ67Aaaa80CcZ-adezkaWjJLIDvH5w3wPAUdhfjHE
