Communist Parties of Vietnam, Russia seek to bolster economic ties

ABO/NDO – The Communist Party of Russian Federation always attaches importance to the traditional ties with the Communist Party of Vietnam and wants to play an active role in developing the bilateral ties in investment, trade, banking-finance, and tourism.

Politburo member Nguyen Van Binh (right) receives Leonid Ivanovich Kalashnikov, member of the Presidium – Secretary of the Central Committee of the Communist Party of the Russian Federation. (Photo: VNA).

The opinion was delivered by Leonid Ivanovich Kalashnikov, member of the Presidium – Secretary of the Central Committee of the Communist Party of the Russian Federation in Hanoi on March 13 at his meeting with Politburo member and Head of the Party Central Committee’s Commission for Economic Affairs Nguyen Van Binh.

For his part, Politburo member Binh said the Party and Government of Vietnam prioritise consolidating the long-standing friendship and Comprehensive Strategic Partnership with Russia, highly speaking of the progress the two nations made in economics and trade.

He welcomed initiatives made by the Communist Party of Russian Federation to bolster the two countries’ cooperation in economics, trade and investment.

On March 12, Kalashnikov met with Head of the Party Central Committee’s Commission for External Affairs Hoang Binh Quan during which the two sides discussed ways to boost the two parties’ relations in the coming years.

They agreed that the parties need to further enhance cooperation, and increase information exchange and coordination at multilateral political party forums.

On the same day, the Russian official was hosted by Deputy Prime Minister Trinh Dinh Dung, who is also Chairman of the Vietnam-Russia Inter-Governmental Committee for Economic-Commercial and Scientific-Technological Cooperation.

Deputy PM Dung agreed with several proposals by the Communist Party of Russian Federation to effectively implement the Vietnam-Eurasian Economic Union (EAEU) Free Trade Agreement which is expected to bring the two-way trade between the two nations to US$10 billion in 2020.

During the visit, the Russian officials had a working session with officials from the State Bank of Vietnam, seeking to step up affiliations in finance-banking.

(Source: NDO)