Vietnamese PM Nguyen Tan Dung is strongly confident that the two economies of Vietnamand Myanmar will see stronger adhesion in terms of economics, trade and investment.
 |
|
Vietnamese PM Nguyen Tan Dungdelivers a remark at the Conference on VietnamInvestment Promotion in the Union of Myanmar, Yangon, April 3, 2010
|
PM Nguyen Tan Dung showed his confidence at the Conference on Vietnam Investment Promotion in the Union of Myanmar which was held this morning in Yangon by the Vietnamese Ministry of Planning and Investment and the Myanmar Ministry for Planning and National Economic Development.
Preconditions for closer cooperation
In the past years, Vietnam and Myanmar have reached and realized many legal documents on bilateral cooperation in various fields.
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 Myanmar are important premises for tourism, trade and investment ties in the time to come.
Tourists from Myanmar and Vietnam 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 Dung.
Closer economic adhesion
PM Dung 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 Myanmar.
The Vietnamese leader suggested the establishment of a regular exchange channel between the Vietnamese Ministry of Planning and Investment and the Myanmar Ministry for Planning and National Economic Development and the business communities.
He asked Vietnamese enterprises to observe laws, customs and traditions of Myanmar when doing investment and business there, consolidate the bilateral relationship, and help the host country generate more jobs and reduce poverty.
“Each businessman and investor from Vietnam must become an ‘economic ambassador’ in Myanmar” stated PM Dung.
He confirmed that the Government of Vietnam will create best conditions for overseas business activities of Vietnamese investors. He also pledged to lay red carpet for Myanmar businesspeople to Vietnam in order to strengthen economic linkages between the two countries.
 |
|
Representatives of Vietnamese and Myanmar enterprises receive investment certificates, Myanmar, April 3, 2010
|
Vietnamese enterprises interested in Myanmar
According to Vietnamese Minister of Planning and Investment Vo Hong Phuc, Vietnam 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 Song Da 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 Phuc stated that Vietnam will become a main investor in Myanmar in the near future./.