The Viet Nam-Russia two-way trade volume was estimated at US$ 4 billion in 2013, increasing fourfold from five years ago.
The news was announced today in Ho Chi Minh at a seminar on business opportunities in Russia and the EU.
The EU is the biggest export market of Viet Nam with US$20.3 billion in 2012 and US$ 17.8 billion in the first nine months of 2013.
Both Russia and the EU are potential markets of Viet Nam. However, export turnoversstill failed to meet respective potentials and advantages.
A large number of delegates attributed the lack of market information to inefficient approach of Vietnamese enterprises.
In the Russian market, for example, exporters must ensure quick delivery and good quality.
Regarding the EU market, Vietnamese enterprises were suggested to producingproductswhich would be able to meet different tastes of EU member states.
In addition, due to high barriers of protection, Vietnamese enterprises would be subjected to anti-dumping tax orpreventive polices if they want to quickly ship goods to the EU./.