Programme promotes Russian startup projects targeting Vietnamese market

Wednesday, October 6, 2021  14:40

A Russian programme on the development of startups’ business plans recently kicked off in Saint Petersburg, aiming to bring Russian projects to the Vietnamese market and attract Vietnamese investment in Russia.

The programme is jointly organised by the Saint Petersburg Committee for External Relations and State University of Economics, as well as the Russian Federal Agency for Youth Affairs.

Under the initiative, selected firms will be trained by experts in a week to grasp knowledge on doing business in Vietnam and complete their projects for the Vietnamese market. The knowledge ranges from intercultural communications, business trends and strategic cooperation directions, to legal basis and investment attraction.

According to Nguyen Quoc Hung, head of the support fund for Russia – Vietnam cooperation development, trade and investment ties between Vietnam and Russia are yet to be on par with the nations’ potential and their comprehensive strategic partnership. Therefore, expanding and finding new forms of cooperation to develop such relations are an urgent task.

Lauding the programme, he said it will create a premise for startups, helping them better understand business conditions and laws in both countries and broaden their visions in choosing the most suitable business partners and investment areas.

VNA