4 July 2024

The First Off-Site Session of the Eastern Economic Forum Held in Vietnam

On July 4th, an off-site session of the Eastern Economic Forum took place in Ho Chi Minh City, where representatives from Russia and Vietnam discussed key areas of trade, economic, and business relations between the two countries. The event was attended by over 100 high-ranking representatives of Vietnamese businesses from the most promising sectors for cooperation, such as shipbuilding, textile production, agriculture, furniture manufacturing, and others. From the Russian side, the meeting was attended by Alexander Stuglev, Director of the Roscongress Foundation, Igor Pavlov, Deputy Director of the Roscongress Foundation, and Timur Sadykov, Consul General of the Russian Federation in Ho Chi Minh City.

"The friendly relations between our countries have existed for several decades. This year, Russia and Vietnam celebrated 12 years since the establishment of a comprehensive strategic partnership. Both states strive to strengthen mutually beneficial ties, which contribute not only to the growth of trade turnover and economy but also to the development of culture and science," noted Timur Sadykov.

During the session, participants emphasized the importance of joint projects and investments aimed at strengthening infrastructure and improving the quality of life for citizens of both countries.

"Russia and Vietnam have many promising areas for cooperation," said Alexander Stuglev, Director of the Roscongress Foundation. "These include hydrocarbons, transportation, the construction industry, tourism, the fashion industry, and of course, IT. The rapidly developing economy of the country requires the modernization of transport infrastructure, where Russian technologies can be of help. Additionally, Vietnam's high agricultural potential and demand for exotic products create opportunities for joint work in agriculture."

The session also provided a detailed overview of the Roscongress Foundation's ecosystem and conducted a comprehensive presentation of opportunities for foreign businesses, including projects such as the St. Petersburg International Economic Forum, the Eastern Economic Forum, Russian Energy Week, the "Let's Travel!" Tourism Forum, and the Russian Design Industry Forum.

"Our events provide foreign companies with wide opportunities for interaction with Russian enterprises and finding new paths for cooperation. These platforms not only facilitate important discussions but also lead to the conclusion of agreements that stimulate economic growth and development. We strive to create conditions for fruitful dialogue and mutually beneficial partnerships that will bring significant benefits to both Russian and Vietnamese businesses," emphasized Igor Pavlov.

The Eastern Economic Forum will be held from September 3 to 6, 2024, on the campus of the Far Eastern Federal University in Vladivostok. The organizer of the EEF is the Roscongress Foundation.

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