Vietnam

Vietnam (Socialist Republic of Vietnam) — is a country on the Indochina Peninsula in Southeast Asia

The country is bordered by Laos and Cambodia to the west and China to the north. It is washed by the South China Sea to the south and east.

Official language — vietnamese

Capital — Hanoi

Form of government — single-party parliamentary republic

Head of state — the president. Legislative body — the National Assembly. Court system — The Supreme People’s Court of Vietnam in Hanoi — the country’s highest court; the People’s Court — provincial municipal and local courts.

Currency — vietnamese dong (VND)

Population: 88,78 million people (World Bank, 2012)

GDP: $171,392 billion (57th according to The World Bank, 2013)

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Market Access

Tariff barriers: vietnam custom tariff

Non-tariff barriers: not declared (with regards to Russian products as of 1st of July 2014)

Current external markets trade barriers schedule by The Ministry of Economic Development of the Russian Federation

Trade relations with Russia: the Most-Favored-Nation Principle is mutually applied

Russian provides Vietnam with trade preferences in domestic market access within the unified system of tariff preferences of The Customs Union.

According to the Federal Customs Service in 2013, Russian export to Vietnam amounted to $1,373 million — that is 0,3% (47th) in the total Russian export.

Source: The Federal Customs Service

In 2012 the main export articles were machinery and equipment (66,4%); metals and metal products (12,7%); chemical industry production (5,6%); mineral products (3,0%).

Among the import articles from Russia to Vietnam there were machinery and equipment (60,1%); textiles and textile products, footwear (19,2%); articles of food and agricultural raw materials (14,2%). Overall Russian export amounted to 1,8% in the total export from Vietnam (ranks 16th) in 2013.

Vietnam to Russia import structure

(according to The Federal Customs Service; thousand of USD)

Product code Product label 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 TOTAL All products 77 090 100 537 174 081 349 746 522 146 851 021 693 462 1 110 811 1 722 183 2 273 413 2 599 379 '85 Electrical, electronic equipment 5 299 9 114 4 115 1 187 16 726 24 767 21 294 333 873 735 310 1 215 440 1 006 633 '84 Machinery, nuclear reactors, boilers, etc. 181 1 338 5 826 13 187 47 095 65 152 80 390 122 231 95 290 142 598 469 634 '64 Footwear, gaiters and the like, parts thereof 6 076 14 075 24 937 41 850 70 944 111 904 98 279 124 955 197 290 204 815 272 111 '62 Articles of apparel, accessories, not knit or crochet 2 133 6 577 9 334 25 891 62 306 115 008 84 022 85 922 140 454 166 536 197 292 '09 Coffee, tea, mate and spices 13 951 12 464 20 804 41 738 56 819 81 240 75 143 96 064 121 692 131 557 134 281 '03 Fish, crustaceans, mollusks, aquatic invertebrates nes 3 958 5 641 22 513 106 738 113 862 202 191 105 817 74 694 95 671 77 978 81 130 '61 Articles of apparel, accessories, knit or crochet 343 1 320 2 820 4 727 11 824 17 309 16 604 19 333 34 587 49 476 72 463 '08 Edible fruit, nuts, peel of citrus fruit, melons 767 1 163 2 395 9 830 13 750 41 623 33 153 37 992 46 143 48 996 51 303 '10 Cereals 12 415 12 692 17 090 17 974 13 810 32 515 42 628 34 194 26 728 8 055 43 145 '20 Vegetable, fruit, nut, etc. food preparations 5 120 5 237 10 562 14 332 19 198 34 100 42 801 32 354 30 111 28 365 30 254 '42 Articles of leather, animal gut, harness, travel products 1 035 1 410 2 467 4 507 8 129 11 745 12 540 13 226 20 622 19 044 26 578 '21 Miscellaneous edible preparations 1 956 1 611 1 945 1 962 3 122 7 288 5 147 6 976 15 352 15 204 24 456 '26 Ores, slag and ash 0 0 0 1 0 0 0 0 0 13 300 19 883 '94 Furniture, lighting, signs, prefabricated buildings 1 976 2 121 2 629 4 675 9 645 11 075 7 337 8 125 13 313 18 385 19 218 '95 Toys, games, sports requisites 2 025 1 108 773 963 2 362 3 104 3 476 5 826 9 977 8 926 14 635 Other 19 855 24 666 45 871 60 184 72 554 92 000 64 831 115 046 139 643 124 738 136 363

Russian to Vietnam export structure

(Source: The Federal Customs Service; thousand of USD)

Product code Product label 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 TOTAL All products 357 198 707 486 738 800 303 630 484 774 580 914 869 000 1 120 828 1 010 146 1 388 592 1 373 488 '85 Electrical, electronic equipment 8 849 39 374 34 809 10 616 11 701 7 771 21 306 28 352 116 852 210 630 131 305 '90 Optical, photo, technical, medical, etc. apparatus 8 403 10 847 2 006 2 833 6 839 1 602 6 688 48 555 42 181 52 447 112 394 '27 Mineral fuels, oils, distillation products, etc. 42 653 116 385 85 811 106 429 156 798 25 003 111 562 108 491 15 621 13 830 82 200 '84 Machinery, nuclear reactors, boilers, etc. 26 900 51 519 39 312 19 886 43 497 36 041 15 334 61 721 83 510 59 557 70 494 '72 Iron and steel 154 337 197 419 251 220 82 109 143 851 322 602 564 274 384 447 176 887 147 075 61 412 '31 Fertilizers 8 897 13 362 9 298 12 017 16 812 75 193 36 980 39 314 52 174 62 943 46 082 '49 Printed books, newspapers, pictures etc. 7 568 17 784 3 846 1 790 1 590 770 1 039 1 839 2 345 1 797 45 544 '89 Ships, boats and other floating structures 41 1 342 1 861 5 460 212 3 926 1 147 128 238 028 90 927 41 375 '25 Salt, sulfur, earth, stone, plaster, lime and cement 3 601 7 851 11 040 9 457 11 297 10 708 16 993 16 056 15 575 28 197 19 673 '73 Articles of iron or steel 3 891 16 264 5 481 4 393 16 428 13 332 6 983 10 678 17 052 18 290 17 047 '48 Paper and paperboard, articles of pulp, paper and board 10 373 5 758 6 470 7 042 12 190 14 733 15 104 10 283 9 086 7 546 10 273 '10 Cereals 4 267 0 1 256 2 678 0 894 6 859 1 820 132 0 9 757 '28 Inorganic chemicals, precious metal compound, isotopes 368 909 423 996 748 5 528 4 285 971 1 441 3 499 7 464 '47 Pulp of wood, fibrous cellulosic material, waste etc. 551 1 993 1 192 2 225 743 1 959 1 077 822 2 789 3 008 7 337 '81 Other base metals, cermet, articles thereof 1 427 3 0 5 0 1 3 481 525 3 482 6 978 Other 76 498 226 252 284 772 35 699 62 063 60 852 60 514 256 870 235 948 685 364 704 153

Major foreign trade partners of Vietnam, 2012

(Source: International Trade Center, thousand of USD)

Partner Turnover % World 228 309 602 100.0% 1 China 41 870 942 18.3% 2 Japan 24 666 579 10.8% 3 USA 24 522 659 10.7% 4 Korea 21 116 258 9.2% 5 Taiwan 10 615 711 4.6% 6 Singapore 9 058 667 4.0% 7 Thailand 8 624 076 3.8% 8 Malaysia 7 912 314 3.5% 9 Germany 6 472 267 2.8% 10 Australia 4 980 916 2.2% … … 20 Russian Federation 2 447 223 1.1%

Source: the Central Bank of the Russian Federation

Investment partnership between Russia and Vietnam

Investment dynamics from Vietnam to Russia

(according to the Russian Federation Federal State Statistic Service; million of USD)

Item 2008 2009 2010 2011 2012 1st quarter 2013 Investment and investment income received 76.9 231.7 120.4 198.3 15.3 6.5 Investments received 0.6 222.1 114.9 186.9 5.2 0.15 Cumulative investment as at the end of reporting period 33.4 234.2 362.7 559.5 456.1 no data Direct investment Cumulative 23.3 227.9 355.5 550.4 443.2 no data

Investment dynamics from Russia to Vietnam

(according to the Russian Federation Federal State Statistic Service; million of USD)

Item 2008 2009 2010 2011 2012 1st quarter 2013 Investment and investment income received 17 36.3 38.1 24.0 3.4 1.2 Direct investment received - - - 113.3 - - Cumulative investments as at the end of reporting period 15.3 24.7 55.2 21.9 26.7 20.6 Direct investment Cumulative 0.1 0.09 0.1 0.2 0.2 0.2

Integration

In March 2013 the Eurasian Economic Commission entered into the negotiations on a Free Trade Area (FTA) between the Customs Union (Russia, Belarus and Kazakhstan) and the Socialist Republic of Vietnam. The agreement will regulate not only trade in goods, but that of the services trade as well; it will provide an access to the investment market and opportunities to participate in large government infrastructure projects. As of July 2014 there had been 6 rounds of negotiations. The most of the text of the Agreement has already been agreed upon by the partners to negotiations.

On the 23rd of August 2013 The Russian Trade Representation was open in Vietnam

Russia-Vietnam bilateral agreements