16:49 | 07/04/2016 Economy
A delegation from Vietnam’s State Capital Investment Corporation (SCIC) and about 30 Russian businesses participated in a workshop in Russia on March 29 to study investment opportunities in the respective countries.
Overview of the workshop (Source: VNA)
The workshop formed part of activities of the SCIC delegation during its visit to Russia from March 27-30, with the aim of promoting investment activities between the two countries.
In his opening remarks, SCIC General Director Lai Van Dao expressed his hope that the trip will help step up investment ties between Vietnamese and Russian businesses.
Such collaboration will assist the corporation in restructuring the investment of State capital, directing resources to key economic sectors.
Anikiev Archom from the Russian Ministry of Economic Development introduced his country’s investment opportunities and climate, as well as preferential policies to attract foreign investors, including those from Vietnam – an important partner of Russia and a gateway for the country to access other Asia-Pacific nations.
On March 28, Dao and Riccardo Orcel, Deputy CEO of VTB Group signed a memorandum of understanding on information and experience exchanges between SCIC and the leading Russian bank.
Since its inception more than 10 years ago, SCIC has taken over State capital ownership in nearly 1,000 companies, totalling 8.72 trillion VND (392.4 million USD)./.