Vietnam, Myanmar strengthen ties

They also encouraged businessmen to invest and trade with their counterparts in both countries. They made these statements while attending a Vietnam – Myanmar business partnership forum in the Myanmar capital Nay Pyi Taw.

At the forum, both sides reviewed the implementation of high-level agreements signed in April 2010, and heard business reports from both communities.

Positive steps in business and trade have been made between the two countries. Last year, hundreds of Vietnamese enterprises sought investment opportunities in Myanmar, and direct air routes from Ha Noi and HCM City were opened. Dozens of Vietnamese enterprises also opened shops in Myanmar including Vietnam Airlines, the Bank for Investment and Development of Viet Nam and Viettel Group.

Import-export turnover between the two countries last year reached more than US$150 million, a 54 percent increase compared to 2009.

During the forum, enterprises discussed and signed agreements or business and trade co-operation contracts. Along with the agreements signed between ministries, this would lay the foundation for more development in cooperative relations between the two countries.