The combined market size of 250 million people is a significant incentive for companies from the two countries to tap into the potential, contributing to reaching the bilateral trade revenue goal of $10 billion.

Hanoi and Moscow aim to push for the construction of Moscow House in the capital city, seen as another highlight in bilateral relations.

The company sold more than 50,000 metric tons of polyolefin products in Vietnam in 2021 and aims to increase sales in the country by 30% in 2022.

The ADB forecast the country’s GDP growth to be around 6.5% in 2022 and 6.7% in 2023, a significant improvement from a modest 2.58% attained in the previous year.

An adjustment in the pricing policy does not mean airlines would raise their price tickets but a basis to manage the prices flexibly.