Russian Industrialist: Economic Cooperation with Vietnam Should Be A Priority
Oleg Vladimirovich Deripaska, founder of aluminum giant RUSAL, and Russia’s largest automaker GAZ Group. Photo: VNA Vietnam and Russia boast huge potential for cooperation in economy, trade, and investment, and the two countries should take collaboration as a main priority in the bilateral relations, VNA cited a Russian industrialist. Oleg Vladimirovich Deripaska, the founder of aluminum giant RUSAL, and Russia’s largest automaker GAZ Group said over the past 15 years, two-way trade has grown stably, hitting a record high of 25.9% last year. He stressed that to maximize the potential, the two countries need to perfect common legal frameworks and implementation mechanisms, develop networks of logistics and infrastructure, with new sea routes, streamline customs procedures and resume direct air routes. The two countries should consider forming a single payment platform and use their currencies in payments to ease damage to exporters and importers, Deripaska proposed. He