Vietnam eye to up trade with Myanmar
Twenty-four Vietnamese businesses are displaying their electric and consumer products at a fair in Myanmar which kicked off in Yangon on Sunday.
With 100 booths, the four-day fair held by Myanmar’s Smart Business Group aims to strengthen bilateral trade ties between Myanmar and Viet Nam while opening up opportunities for Vietnamese products to penetrate the Myanmar market.
According to official statistics, two-way trade between Viet Nam and Myanmar reached about US$160 million last year, up 60 percent on 2009.
Viet Nam has invested nearly $23.65 million in Myanmar since 1988 and is now one of the top 20 importers of products from its Southeast Asian neighbour. Key among these are agroforestry and aquatic products as well as electronics and spare parts. – VNS
Tags: Vietnam Myanmar trade
Posted by VBN on May 17 2011. Filed under Import-Export. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry
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