President of the Primorye Chamber of Commerce and Industry Boris Stupnitsky said the MoU would help boost Da Nang's exports and create business opportunities for the enterprises of both sides.

According to Stupnitsky, Primorye has been planning to open a representative office in the central city of Viet Nam to create favourable conditions for Russian businesses as well as the exports to the East-West Economic Corridor that links Da Nang, Laos, Thailand and Myanmar via Da Nang port.

A representative of Primorsky noted that cargo shipment between the central city's port and Vladivostok Port in Russia had remained poor for years, while budget airline Vietjet Air had been planning to open air routes between Vladivostok in Russia and a number of Vietnamese regions such as HCM City, Nha Trang, Da Nang, Hue, and Phu Quoc.

While the central city's port has a capacity to accommodate 5 million tonnes of cargo per year, some 13 shipping companies are operating at the city's ports, including Tien Sa and Lien Chieu. — VNS