Vietnam & Russia make agreement on 20 investment projects

This was one of the main outcomes from talks between Vietnamese State President Tran Dai Quang and Russian President Vladimir Putin on Thursday. During the talks, the two leaders agreed to maintain positive development of bilateral trade relations, with the goal to reach two-way trade turnover of 10 billion USD by 2020. The leaders have also shared opinions on directing 500 million USD from the shared investment fund towards potential projects in agriculture and pharmacy. Stressing oil and gas as a priority industry for both nations, the counterparts concurred on creating favourable conditions for the enterprises of both countries to continue exploration and production of oil and gas in Vietnam's continental shelf and in the northern region of Russia - in accordance with the 1982 UN Convention on the Law of the Seas.