Vietnam-Myanmar trade fair opens in Yangon

A Vietnam-Myanmar international trade fair aiming to promoting bilateral trade between the two countries, opened in the Myanmar Convention Centre in Yangon on November 19.

At the four-day trade fair, 52 Vietnamese businesses are showcasing their products, ranging from pharmaceuticals to cosmetics, food and foodstuffs, garments and footwear, electronics, stationery, household utensils, construction materials, fertilisers, rubber and furniture.

Meanwhile, 10 companies from the host country are exhibiting fisheries products, consumer goods, traditional handicrafts and pictures made from gems.

Vietnam is currently Myanmar’s 16th largest importer, mainly buying agro-forestry products, seafood and electronic components, while Myanmar imports steel products, electronic equipment, pharmaceuticals, industrial products, chemicals, computers and accessories, plastics, cosmetics and machine oil from Vietnam.

Official statistics show that two-way trade between Vietnam and Myanmar reached US$60 million in the first nine months of this year. In 2008, the value of bilateral trade was put at US$108.2 million, a year-on-year increase of 11.27%.

Tags: Vietnam business news, Vietnam-Myanmar trade fair

Posted by VBN on Nov 19 2009. Filed under Int'l Cooperation. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry