Vietnam-Russia Business Council launches in HCMC

The Vietnam-Russia Business Council (VRBC) launched in Ho Chi Minh City Tuesday to boost bilateral cooperation between Vietnamese and Russian businesses.

Phuong Huu Viet, member of the Economic Committee of National Assembly and chairman of VRBC, said it would also support trade promotion in both countries’ domestic and overseas markets.

Last year, two-way trade reached over US$1.64 billion. However, it has experienced a down trend in the first half of 2009, according to the Ministry of Industry and Trade.

Vietnam currently has 19 investment projects worth about $1.7 billion in Russia, mainly in the heavy industry sector.

Vinh Bao

thanhnien

>   Only subsidies for poor in new power scheme: PM (06/08/2009)

>   Jetstar, Accor offer free flights, rooms for HCMC passengers (05/08/2009)

>   Workshop helps Vietnam better integrate into WTO (05/08/2009)

>   PM gives nod to crude oil, petroleum storage (05/08/2009)

>   EVN purchases 2.2 billion kWh of power from China (05/08/2009)

>   Downturn revs up transport sector (05/08/2009)

>   Three big conglomerates to control power sources (05/08/2009)

>   Housing tax law will not affect real estate prices (05/08/2009)

>   Ha Noi gets aggressive on slow-moving projects (05/08/2009)

>   Developing vegetable oil industry: Material area development is key (04/08/2009)