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Posts Tagged ‘attaches’

Moscow attaches importance to cooperation with Vietnam

In Uncategorized on November 21, 2008 at 1:31 pm

Moscow (VNA) – Moscow’s prospects of economic cooperation with Hanoi capital and Ho Chi Minh City are promising, especially in the fields of small and medium-sized enterprises, training, mining, tourism, infrastructure, culture and science, said a municipal official.

At a press briefing in Moscow on November 20, Vladimir Lebedev, Deputy Director of the Moscow Foreign Trade and International Relations Department highly appreciated progress Vietnamese businesses have made in implementing big projects, saying these projects brought practical benefits to both Moscow and the two big cities of Vietnam.

He expressed his optimism about economic ties between the two countries’ cities, saying Mayor of Moscow Yury Luzhkov will visit Hanoi and Ho Chi Minh City from November 25 to review projects that Vietnam has called for Russian investments as well as consider and adopt large-scale economic projects that are profitable for both sides.

Food security is one of the Russia’s concerns, particularly in the context of the current food crisis which pushed world food prices to rise swiftly. Therefore, Lebedev said, Vietnam is considered to be a reliable and constant food supplier for Russia.

Moscow is, in addition, interested in infrastructure and transportation projects, especially the underground tube scheme in Ho Chi Minh City.

During the visit, Mayor Yury Luzhkov will also discuss with Hanoi authorities about cooperation in organising culture and trade activities for the celebrations of 1,000 birth anniversary of Thang Long, Hanoi.

Bilateral trade between Vietnam and Moscow reached 600 million USD in 2007, accounting for 60 percent of the total trade of the two countries, Trade Counselor of Vietnamese Embassy in Moscow Vu Trong Nghia said at the press briefing.

Two-way trade between Vietnam and Russia is projected to hit 1.5 billion USD in 2008. The figure is expected to rise to 3 billion USD by 2010 and more than triple to 10 billion USD by 2020, he added.

Moscow mainly exports metals, fertilizer and machinery to Vietnam while importing rice, seafood, food staples from the country.-

UK bank attaches importance to Vietnam’s market

In Uncategorized on September 8, 2008 at 4:48 pm

Hanoi (VNA) – The United Kingdom’s leading bank, Standard Chartered, considers Vietnam a key growth market in Asia, Regional CEO for Southeast Asia Ray Ferguson said.

“Standard Chartered believes it [ Vietnam ] will have an increasingly powerful economic role in the region,” Ferguson said at the bank’s ceremony to launch its online internet banking service in Hanoi on September 8.

He said the bank is strongly committed to growing its business in Vietnam by combining the deep understanding of the local market with its experience in more than 70 countries to meet the diversified needs of its Vietnamese clients.

The world class online internet banking service will make banking and managing finances much more convenient for individual customers and also help to protect the environment by reducing the use of paper, according to the Standard Chartered.

Standard Chartered and another UK bank, HSBC, are expected to receive Local Incorporation licences in the attendance of visiting Prince Andrew, the Duke of York, in Ho Chi Minh City on September 9.

Prince Andrew, the UK Special Representative for International Trade and Investment, is on a five-day visit to Vietnam from September 6 at the invitation of Vietnamese Deputy Prime Minister and Foreign Minister Pham Gia Khiem.-