RASMEX ORGANIZED BUSINESS MISSION OF ALTAI COMPANIES TO VIETNAM

Association of Small and Medium-Sized Exporters organized the business mission of Altai Territory’s entrepreneurs to Vietnam. From 18 to 21 September the delegation of Siberian businessmen visited country’s capital city Hanoi.

Five manufacturing companies from Altai Territory, the representative of Altai Small and Medium-Sized Business Development Fund and RASMEX Deputy Director Evgenia Shchipkova took part in the business trip.

The business program started with the meeting with Trade Representative of Russia in Vietnam Vyacheslav Kharinov, who pointed out thoroughly both perspectives and probable obstacles to entry into Vietnam’s market for each business mission participant. Then Altai companies visited Vietnam Chamber of Commerce and Industry, where they participated in B2B negotiations with Vietnamese companies interested in importing Siberian goods. Besides, individual meetings with the most perspective potential Vietnamese partners were organized for each Altai entrepreneur participated in the business mission.

For instance, manufacturers of agricultural and food product SSPK Altai Agrofood Union and OOO Rikon negotiated with large distributors of food products, while manufacturer of attachment units for agricultural machinery OOO PKF Magnus visited one of the leading agricultural producers in Vietnam. OOO Barnaul Boiler Plant represented its production to energy-related construction companies and supply agents, and fuel additives manufacturer OOO Oduvanchik met with petrochemical products distributors.

RASMEX Deputy Director Evgenia Shchipkova hold a meeting with Deputy Director of Vietnam CCI’s International Relations Department Nguyen Van Hai in order to discuss possible joint projects for Russia-Vietnam bilateral trade promotion.

“At the moment Russian business has a great opportunity to enter Vietnam’s market, – Evgenia Shchipkova said. – First of all, custom duties are reduced significantly within the EAEU-Vietnam free trade zone. Thanks to this measure in 2017 Russia’s export to Vietnam increased by 38%, moreover for the first eight months of 2018 there is a 47% export increase compared to the same period of the previous year. Secondly, Vietnam has a strong demand on a wide range of goods, from industrial equipment, construction machinery and IT technologies to pharmaceuticals, food products and chemicals. Finally, Vietnamese consumers consider Russian goods as a high-quality and still affordable alternative to many domestic and import goods”.

Next year RASMEX is planning to continue the work on facilitating the cooperation between Russian and Vietnamese companies and organize a new business mission to this prospective market.