Vietnam and Russia’s Krasnodar Province to promote food and food cooperation

(People’s Daily) – A delegation of Vietnamese enterprises visited Krasnodar province, a food production base in the Russian Federation, from August 2 to 5 and searched for business opportunities with enterprises in the province.

The main event during the visit was a round table held on August 3, where the two sides discussed the prospects of Krasnodar province’s agricultural and food exports to Vietnam, the advantages and difficulties of each party in foreign trade and support measures by Russian and local authorities, reported a Viet Nam correspondent in Moscow.

Deputy Director of the Krasnodar Provincial Chamber of Commerce and Industry Yegor Lobsky believes that Krasnodar Province has great potential for trade cooperation with the Asia-Pacific region, especially Vietnam, as Vietnam and Russia are full strategic partners and Vietnam already has a free trade agreement with the Eurasian Economic Union.

Meanwhile, Kirill Artsamazov, Deputy Director of the Department of Investment and Development of Small and Medium Enterprises of Krasnodar Province, said that there is a great potential for developing economic partnership between the Kuban region and Vietnam, and such similar exchange events give a strong impetus to further strengthening bilateral trade.

After the round table, representatives of Vietnamese enterprises took part in face-to-face exchanges to discuss the potential for bilateral cooperation and the possibility of signing contracts between the two sides for the export of sunflower oil, vegetable oil, grains, rice, barley, soybeans, corn, pasta, confectionery, meat, cheese and clean organic products.

In 2021, Krasnodar Province’s bilateral trade with Vietnam exceeded $32 million, an increase of 96% compared to the previous year. 2022 year-to-date, Krasnodar Province’s trade with Vietnam has reached almost $95 million.

Source: Vietnam People’s Daily Online

Post time: Aug-15-2022