Sun. Apr 21st, 2024

Vice President of Myanmar U Nyan Tun met with the Association of
Vietnamese investors in Myanmar on March 20, to discuss how to
accelerate trade and investment ties between the two countries.

U Nyan Tun, who is visiting Vietnam, announced at the meeing in
Hanoi that as of February, 2013, Vietnam had invested 370 million
USD in his country.

The sum accounts for one
percent of total foreign investment in Myanmar and makes Vietnam
the 9th biggest investor in the country, said the leader.

Recognising the importance of foreign investment, Myanmar has
focused on addressing difficulties and technical barriers facing foreign
investors, including those from Vietnam, U Nyan Tun told the
Vietnamese businesses.

In order to attract more
foreign investment, the Government of Myanmar will continue creating
favourable conditions for foreign investors, he said, adding that
improving the investment and business environment, and completing
relevant legal regulations are his country’s priorities.

According to Chairman of the Association Tran Bac Ha, Vietnamese businesses are interested in Myanmar .
Recently, 25 business delegations, including Hoang Anh Gia Lai Group,
Song Da Simco and the Bank for Investment and Development of Vietnam
(BIDV) – strong and prestigious businesses in Vietnam – visited
Myanmar to seek business opportunities.

The chairman said companies from the two sides are trying for 500 million USD in two-way trade turnover by 2015.-VNA

By vivian