Closer linkages for Vietnamese and Myanmar economies
VGP – Vietnamese PM Nguyễn Tấn Dũng is strongly confident that the two economies of Việt Nam and Myanmar will see stronger adhesion in terms of economics, trade and investment.
PM Nguyễn Tấn Dũng showed his
confidence at the Conference on Việt Nam Investment Promotion in the Union of Myanmar
which was held this morning in
Vietnamese
PM Nguyễn Tấn Dũng delivers a remark at the Conference on Việt Nam Investment
Promotion in the Union of Myanmar, Yangon, April 3, 2010 - Photo: VGP/Nhật Bắc
Preconditions for
closer cooperation
In the past years, Việt
The two-way trade turnover
increased continuously year after year, rising by 19.9% in 2007 compared to 2006
and 11% in 2008.
The Vietnamese PM made the
emphasis that the signing of agreements and contracts between the two countries’
governmental agencies and enterprises, especially the opening of a direct air
route and the presence of BIDV, one of the biggest Vietnamese banks, in
Tourists from Myanmar and
Việt Nam will have better opportunities to visit their respective countries; businesspeople
have chances to seek for new partners and markets, promote their trademarks and
products; and investors have conditions to carry goods, equipment, materials
and capital for their projects, said PM Dũng.
Closer economic
adhesion
PM Dũng highly valued the organization
of the Conference which is a chance for Vietnamese investors to access to the
latest information about policies and projects of
He asked Vietnamese
enterprises to observe laws, customs and traditions of
“Each businessman and
investor from Việt
 |
| Representatives of Vietnamese and Myanmar enterprises receive investment certificates, Myanmar, April 3, 2010 - Photo: VGP/Nhật Bắc |
Vietnamese
enterprises interested in Myanmar
According to Vietnamese
Minister of Planning and Investment Võ Hồng Phúc, Việt Nam has poured US $7.2
billion in approximately 500 projects in other countries, focusing on industry;
services, finance-banking, telecoms, real estate, tourism, and agriculture.
Recently, some
enterprises have surveyed and applied for certificates to conduct some investment
projects in Myanmar, such as oil and gas exploration (PetroVietnam), exploiting
white stone (Simco Sông Đà Company), and running a mobile network (Viettel).
Many large-scale projects
on forestry, agriculture, mining, banking, and aviation are currently
considered by competent agencies.
Minister Phúc stated that
Việt Nam will become a main investor in
