(VOVworld) - Russia-Vietnam bilateral trade is expected to hit 10 billion USD by 2020, Russia's Ministry of Economic Development said in a statement on Friday. Russia’s First Deputy Minister Alexey Likhachev held a meeting on trade, economic and investment cooperation with a delegation from the Vietnamese Party Central Committee’s Economic Commission, led by its Deputy Head Pham Xuan Duong, on Friday.

Earlier, the delegation was received by Minister in charge for Trade of Asia-Europe Economic Committee Andrei Slepnev. The two sides discussed shared concerns on cooperation in economics, trade, and investment between Vietnam and the Eurasian Economic Union (EAEU). They also talked about the implementation of a free trade agreement (FTA) Vietnam signed in May with the Eurasian Economic Union, aimed at fostering economic cooperation between Vietnam and its member states, comprising Russia, Belarus, Kazakhstan, Kyrgyzstan and Armenia.