Deputy Prime Minister Maxim Akimov has been appointed as chairman of the Russian subcommittee of the Russia-Vietnam Intergovernmental Committee for Economic-Commercial and Scientific-Technological Cooperation.


Deputy Prime Minister of Russia Maxim Akimov (Photo: RIA Novosti)

Deputy PM Akimov will replace Deputy PM Igor Shuvalov to hold the post, the Russian Government announced on August 13.

Akimov has worked as a member of the Presidential Council for Strategic Development and Priority Projects since June 2016.

Vietnam and Russia established diplomatic relations in 1950 and decided to elevate the relationship to the level of strategic partnership in 2001 and then to comprehensive strategic partnership 11 years later.

Political ties between the two nations with a high level of trust have been enhanced through the regular exchange of delegations and bilateral meetings at all levels, and via the mechanism of consultation and strategic dialogue. 

Vietnam-Russia economic, trade and investment ties have enjoyed dynamic development. After the free trade agreement between Vietnam and the Eurasian Economic Union officially came into effect in October 2016, the trade value between the two countries has grown strongly, reaching 5.3 billion USD in 2017. The two nations are striving to lift the bilateral trade to 10 billion USD by 2020.

In terms of investment, besides the cooperation in the field of oil and gas, as of June 2018, Russia has 117 direct investment projects in Vietnam with total registered capital of nearly 1 billion USD. Meanwhile, Vietnam is operating 22 investment projects worth nearly 3 billion USD in Russia.

 

 

                                  Source: VNA

 

Related Topics


Existential danger from COVID-19 pandemic

The danger from the COVID-19 pandemic is still latent, threatening people’s health and lives in the context that the immunity provided from the COVID-19 vaccine has decreased. Many other dangerous diseases are also likely to break out when the global vaccination rate slows down, due to inequality in access to health services, vaccine hesitancy, and consequences of economic recession.

Vietnam among ASEAN countries recording EV sales surge

The Association of Southeast Asian Nations (ASEAN) is witnessing a rise in the sales of electric vehicles (EVs) in Vietnam, Malaysia and Indonesia, according to Maybank Investment Bank Research (Maybank IB Research).

International friends bid farewell to Party General Secretary Nguyen Phu Trong

The respect paying ceremony for Party General Secretary Nguyen Phu Trong continued on the morning of July 26 at the National Funeral Hall in Hanoi, with high-level delegations from foreign countries and international organisations paying their last respects and expressing deep condolences.

Global outpouring of grief for Vietnamese Party chief

A wave of condolences have poured in from world leaders, international organisations, rulling parties, Communist parties and partner parties following the death of Vietnamese Party General Secretary Nguyen Phu Trong.

Party General Secretary Nguyen Phu Trong, a revered leader in Vietnam and world: Australian Senate President

President of the Australian Senate Sue Lines has expressed her deepest sympathy over the passing of General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong and affirmed that he is a revered leader both in Vietnam and across the world.

Vietnam hopes UN, ASEAN coordinate closely, effectively over Myanmar issue: Ambassador

Ambassador Dang Hoang Giang, Vietnam’s Permanent Representative to the United Nations (UN), on June 5 had a meeting with UN Secretary-General’s Special Envoy on Myanmar Julie Bishop during her working visit to New York.