From cod to shrimp: Russia and Vietnam sign fisheries cooperation memorandum, expanding bilateral trade potential

Russian Fisheries Agency Director Ilya Shestakov stated at the signing ceremony that the Asian market is one of the most promising regions for Russian fisheries exports, "The cooperation is not just at the governmental level; more and more fisheries enterprises are willing to explore new markets through mutually beneficial cooperation." According to the agreement, both parties will jointly promote business exchanges between enterprises, simplify bilateral trade processes, strengthen product quality and food safety management, and collaborate in scientific research and technological innovation in fisheries and aquaculture. Russian National Fisheries Association President German Zverev pointed out that Russia is willing to increase exports of frozen raw materials to Vietnam, providing high-quality fish to local processing enterprises, while also supplying more high-value-added and high-end products, especially targeting Vietnam's hotel, catering, and retail markets (HoReCa ...