Vietnamese Deputy Prime Minister Hoang Trung Hai, who is special envoy of Prime Minister Nguyen Tan Dung, ended its four-day visit to Myanmar on Sunday, so that commercial cooperation between the two countries to a new level.
During his visit in Nay Pyi Taw, Myanmar, U Thein Sein met President Hoang, who held talks with Vice-Chairman U Tin Aung Myint Oo. The two sides exchanged views on promoting bilateral cooperation of mutual interest.
Two memoranda of understanding (MoU) were, respectively, signed a financial cooperation and cooperation of the flesh.
Hoang visit also highlighted his meeting with Myanmar, Union Minister of Agriculture and Irrigation U Myint Hlaing, which focused on cooperation in agriculture and the creation of private sectors of both countries and development investments and collaborative efforts of the materials raw and finished product based on the division of industries based on agriculture.
A seminar on trade cooperation between Myanmar and Viet Nam, the second of its series, was launched in Myanmar International Convention Centre in Nay Pyi Taw, participated in government and commercial sectors between the two countries.
Addressing the seminar, Vice-Chairman U Tin Aung Myint Oo, Myanmar reported that the major seminary of the bilateral friendship between the two countries and by employers that lead to good prospects for progress in various sectors.
Noting that the administrative and economic changes in Burma, U Tin Aung Myint Oo, said the country is to change the rules and regulations for the development of the economy, taking into account that trade and investment continues to drive Myanmar is to review financial documents related to be more advantageous for business.
He urged greater cooperation between the two parties to achieve better outcomes for their mutual benefit.
Hoang said the cooperative movement has paved the way for the promotion of tourism, trade and investment between the two countries.
During his visit to Rangoon, Hoang opened the exhibition hall VIGLACERA representative office in Vietnam and the country, Vietnam, made the introduction of materials for interior design clients Myanmar.
Hoang has also participated in Myanmar, Vietnam Business Exchange in Yangon, in which the Vietnamese Association of investors in Myanmar (AVIM) and the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI_) signed a memorandum of understanding on cooperation, followed by memoranda of understanding be signed between private companies in Vietnam and Myanmar.
According to official statistics, Myanmar, Vietnam, bilateral trade was around U.S. $ 160 million in 2010, an increase of 60 percent since 2009.
Of this total, Myanmar's exports to Vietnam totaled U.S. $ 108 million, while its imports from members of Southeast Asia accounted for 47 million dollars.
Vietnam, which lies between the 20 exporting countries of Myanmar, Myanmar, imports, mainly agricultural products, forest products, marine products and electrical products, spare parts, while steel exports in the country, electronic equipment, textiles, pharmaceuticals, medicines, building materials, industrial chemicals, equipment and accessories, plastics, cosmetics and motor oil.
Meanwhile, Vietnam's investment in Myanmar amounted to $ 23.649 million in March this year since Myanmar opened to foreign investment in late 1988.
In April 2010, Vietnamese Prime Minister Nguyen Tan Dung visited Nay Pyi Taw Myanmar agree to promote cooperation in 12 key sectors - agriculture, industrial crops, fisheries, banking and finance, aviation, telecommunications, oil and gas, mining, electrical, manufacturing and automobile assembly, construction, trade and investment cooperation.
September contracts monitoring and memoranda of understanding on bilateral cooperation in investment promotion, fisheries, agriculture, finance, communications and mining were also signed.
A conference on investment promotion in Vietnam during the visit to Yangon Dunga has produced 11 ME in the promotion of new investment between the economy of Myanmar and Vietnam for business, covering the areas of communication, fisheries, energy, trade, tourism and sport.
A representative office of the Bank for Investment and Development of Vietnam (BIDV) has also been launched by Dung.
In March 2010, Myanmar and Viet Nam has established direct air links with Vietnam Airlines flights between Hanoi and Yangon, which was followed by another direct flight between Ho Chi Minh City and Yangon in November of that year.
The direct air link between the two countries not only contributes to the development of business and trade, investment and tourism, but also the promotion of
