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Vietnam, Russia discuss ways to promote agricultural trade

Vietnam, Russia discuss ways to promote agricultural trade

Saturday, April 09, 2022, 17:29 GMT+7
Vietnam, Russia discuss ways to promote agricultural trade
This image shows members of the visiting delegation from the Ministry of Agriculture of the Russian Federation looking at Vietnamese exports displayed at the Vietnamese Embassy in Moscow, Russia, on April 8, 2022. Photo: Vietnam News Agency

A delegation of the Ministry of Agriculture of the Russian Federation, led by Deputy Minister Sergey Levin, has paid a working visit to the Vietnamese Embassy in Moscow, with an aim to boost bilateral agricultural trade.

During their meeting hosted by Vietnamese Ambassador to Russia Dang Minh Khoi on Friday, the two sides discussed measures to beef up agricultural cooperation between the two countries, the Vietnam News Agency reported.    

They shared the same comment that the market opening for each other’s agricultural products, despite significant improvements, has yet to meet the two countries' need of market access, as well as their expectations and their businesses’ capabilities.

By the end of 2021, Russia had allowed 50 Vietnamese enterprises to ship aquatic products to the Russian market, while 55 Russian enterprises have been entitled to export meat to Vietnam and 77 others can deliver aquatic items to the Southeast Asian country, said Ambassador Khoi.

He emphasized that such developments have created a significant foundation for the two countries to continue consolidating and expanding cooperation in agricultural production and trade.

Russia’s advantageous exports to Vietnam include wheat, corn, vegetable oil and fertilizers, while Vietnam is Russia’s leading supplier of coffee, aquatic products, cashew nut, pepper and tea, among others, Deputy Minister Levin said.

Both countries have a lot of potential for strengthening bilateral agricultural trade in the coming time, said the Russian official.

The two sides agreed that great efforts of agricultural cooperation between the two countries during 2021 had brought fruitful results in mutual trade.

Last year saw Vietnam’s farm produce exports to Russia reached US$612.7 million, up 20 percent from 2020, while Russian exporters earned $523.1 million from agricultural items shipped to Vietnam, posting a year-on-year growth of 21 percent.

Russia was Vietnam’s leading provider of pork in 2021, with a turnover of $137 million, accounting for 43 percent of Russia’s total pork export value. 

Fertilizers exported from Russia to Vietnam last year also surged by 162 percent from 2020 to reach $153.3 million.

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Vinh Tho - Anh Thu / Tuoi Tre News

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