Contact | Open Account | Account Login  
ABN AMRO   Dorman   KCG   GAIN   RCG   RJO
Headline News |  Ag News |  Weather

Headline News

Vietnam, Russia Aim to Triple Trade

11/19/2018 06:16:00 AM

» Return to News Index

Vietnam, Russia Aim to Triple Trade 11/19 06:15 HANOI, Vietnam (AP) -- The prime ministers of Vietnam and Russia agreed Monday to nearly triple their countries' two-way trade to $10 billion by 2020 from $3.55 billion last year. Speaking to reporters after talks in Hanoi, Russian Prime Minister Dmitry Medvedev said the countries will expand their cooperation in the oil and gas industries and transportation. "We emphasized that energy companies from Russia and Vietnam have had successful cooperation and we wish that cooperation will continue to be consolidated," Medvedev said through a translator. Russia currently invests in over a hundred projects in Vietnam worth $990 million, many in oil and gas exploration and exploitation, according to Vietnam's Foreign Ministry. Vietnamese Prime Minister Nguyen Xuan Phuc said cooperation in defense and security and other areas has seen positive results. Russia is Vietnam's main weapons supplier. Phuc said the two countries will be able to cooperate more effectively through the Russian-led Eurasian Economic Union trade deal which took effect in 2016, and will boost bilateral trade to $10 billion by 2020. Medvedev was scheduled to meet with Vietnamese President Nguyen Phu Trong and National Assembly Chairwoman Nguyen Thi Kim Ngan later Monday before concluding his visit. (KA)

» Return to News Index




The risk of loss in trading futures and options can be substantial, therefore only genuine "risk" funds should be used in such trading. Futures and options may not be a suitable investment for all individuals and individuals should carefully consider their financial condition in deciding whether to trade. Option traders should be aware that the exercise of a long option will result in a futures position. Past performance is not indicative of future results.

All information, communications, publications, and reports, including this specific material, used and distributed by HighGround Trading LLC ("HTG") shall be construed as a solicitation for entering into a derivatives transaction. HTG does not distribute research reports, employ research analysts, or maintain a research department as defined in CFTC Regulation 1.71.