Myanmar holds huge promise for local exporters
(VOV) - A group of representatives from the Vietnamese garment and textile sector will visit Myanmar on November 19-22 aiming to learn first-hand about trade and investment opportunities and conduct market surveys.
The group announced plans to attend the 2014 Myanmar International Textile & Garment Industry Exhibition (MTG 2014) – the first international specialised event to be held in Myanmar.
The Association of Garment Textile Embroidery – Knitting (Agtex) in turn unveiled plans of the group to visit with a number of garment manufacturers and wholesale centres while on their visit.
The event should provide Vietnamese exporters with valuable insight into trade and investment opportunities and a more in-depth understanding of opportunities.
According to statistics from the Vietnam Textile and Apparrel Association (Vitas), in the first 10 months of this year, the two-way trade turnover with Myanmar jumped 13% to US$320 million on-year.
Exports to Myanmar, a newly-emerging market, have on average skyrocketed 64.65% on-year over the past three years.