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Deputy Prime Minister of Russia Dmitry Chernyshenko and Deputy Prime Minister of Vietnam Le Van Thanh held talks at the 23rd meeting of the Russian-Vietnamese Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation. The meeting was preceded by active consultations at the level of experts of government departments and companies of the two countries.

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Dmitry Chernyshenko and Vice Premier of the Government of Vietnam Le Van Thanh held talks at the 23rd meeting of the Russian-Vietnamese Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation

On the Russian side, the meeting was attended by the Russian Ambassador to Vietnam, representatives of the leadership of the Ministry of Economic Development, the Ministry of Foreign Affairs, the Ministry of Industry and Trade, the Ministry of Energy, the Ministry of Finance, the Ministry of Education and Science, the Ministry of Agriculture, Rosselkhoznadzor, the Bank of Russia, the Presidential Administration, Rospotrebnadzor, Rossotrudnichestvo, RDIF, State Corporation Rosatom, as well as Russian -Vietnamese Business Council and Business Associations.

The Vietnamese side was attended by the Ambassador of Vietnam to Russia, representatives of the Ministry of Industry and Trade, Ministry of Foreign Affairs, Ministry of Agriculture and Agrarian Development, Ministry of Planning and Investment, Ministry of Public Security, Ministry of Science and Technology, Ministry of Health, Ministry of Finance, Ministry of Labor , The State Bank of Vietnam, as well as other interested departments.

Within the framework of the 23rd session, the parties jointly reviewed the implementation of the protocol of the 22nd session, and also discussed directions and measures to further increase the effectiveness of bilateral cooperation.

During the meeting, the parties stressed that, despite the impact of the COVID-19 pandemic, political exchanges and contacts between the two countries, especially high-level contacts, have continued to be maintained online in recent times. Cooperation in areas of mutual interest such as energy, oil and gas, industry and agriculture continued to be effectively pursued.

Dmitry Chernyshenko noted that today’s meeting of the Russian-Vietnamese Intergovernmental Commission is an important stage in preparation for the visit of the President of Vietnam to Russia, scheduled for late 2021.

“Cooperation is actively developing in trade and economic, military-technical, scientific-technological and humanitarian spheres. This year we celebrate the fifth anniversary of the entry into force of the Free Trade Agreement between the EAEU and Vietnam. This is an important milestone that requires a thorough analysis of the results achieved in mutual trade between Russia and Vietnam. Interaction in the investment sphere is under way. Russia is implementing investment projects in Vietnam, Vietnamese partners are actively investing in the Russian market, ”said the Deputy Prime Minister of Russia.

“The Vietnamese attach great importance to a comprehensive partnership with the Russian Federation. We are ready to develop further cooperation in various fields, including in the scientific and technical sphere and trade, ”said Vice Premier of the Government of Vietnam Le Van Thanh.

“On the one hand, trade is growing: by the end of 2020 – by more than 15% (up to $ 5.67 billion), over seven months of 2021 – by 24% (at the moment – up to $ 3.6 billion). However, the volume of imports from Vietnam exceeds Russian exports. For example, in 2020 – two and a half times, in seven months of 2021 – almost three times, ”Dmitry Chernyshenko noted. He also highlighted the problem of lack of large-scale joint projects at present.

During the meeting, the Russian side separately focused on the barriers hindering the further increase in Russian exports, and also secured the support of the Vietnamese side in the implementation of joint projects in the energy, industry and agriculture. The parties agreed on the early completion of all domestic procedures for the construction project of the Center for Nuclear Science and Technology in Vietnam in order to sign a contract for the preparation of a feasibility study for the project in early 2022.

The parties noted the joint work in the fight against the coronavirus pandemic. The Russian side confirmed its readiness for prompt and large-scale deliveries of the Sputnik Light vaccine to Vietnam as a priority after registration of the drug in Vietnam. For these purposes, 8 million doses of the vaccine have already been reserved. At the same time, the total volume of agreements reached on the supply of Sputnik V and Sputnik Light to the country exceeds 60 million doses.

Separately, they emphasized the success in introducing the Mir card into the payment system of Vietnam. Now about 40% of the relevant infrastructure of this country accepts Mir cards, and by the spring of 2022 this figure is planned to be increased to 80%. This will make the stay of Russian tourists in Vietnam more comfortable.

Following the results, Dmitry Chernyshenko and Le Van Thanh signed the final protocol of the 23rd meeting of the Russian-Vietnamese intergovernmental commission.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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