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NEW UPDATES Asean Affairs 9 April  2015  

Vietnamese companies take a shine to Myanmar

Taking advantage of the now open Myanmar economy, Vietnam has been actively promoting investment activities through both its public and private sector, reports Deal Street Asia on April 6.

The year 2010 marked an important milestone in the development of cooperation between the two countries. Last year, two-way trade reached almost $480 million [K480 billion], increasing, by two times as compared to two years earlier.

The governments expect the figure to hit $500 million mark this year and plan to accelerate collaboration in sectors of agro-forestry, fisheries, finance, banking, telecommunications, transport, oil and gas, and tourism, among others, according to the report.

Myanmar has agreed to allow the Bank for the Investment and Development of Vietnam to open a branch, the Vietnam National Oil and Gas Group to expand oil and gas exploration, and the military-run telecom provider Viettel to set up a joint venture with Yantanarpon Teleport of Myanmar.

It has also called for more support from Vietnam in its rubber and food production industries while seeking investment for its three new economic zones, including Thilawa near Yangon.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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