Ambassador Pham Xuan Son spoke at the seminar

(VOVworld) – Opportunities and challenges Vietnamese businesses face after Russia joins the World Trade Organization topped the agenda of a seminar held in Moscow on Saturday. The Vietnamese embassy’s trade counselor Pham Quang Niem spoke of advantages and disadvantages once the free trade agreement (FTA) is signed between Vietnam and the Customs Union of Russia, Uzbekistan and Belarus: “First, it will create a giant leap forward in the development of economic, trade and industrial investment between Vietnam and the Customs Union. Second, Vietnam will have access to advanced technology, a foundation of vibrant scientific and technological development, from the Customs Union to boost its economy.  Third, it will help create jobs, and develop service and tourism sectors between Vietnam and Customs Union”.

Delegates also discussed issues relating to tax, quotas, Russia’s binding interests, trade protection, outlets for products, investment, source of goods and market trends.