Seminar discusses Myanmar’s investment potential
(VOV) - Hanoi hosted a July 15 seminar discussing Myanmar’s emerging opportunities and potential for investment opportunities.
It reviewed the status of economic cooperation between both nations’ business communities and sought to promote trade activities in the future.
Tran Bac Ha—President of the Bank for Investment and Development of Vietnam (BIDV) as well as the Association of Vietnamese Business Investors in Myanmar (AVIM)—said AVIM has already dispatched 50 delegations and nearly 1,500 business representatives to Myanmar for market survey and collaboration missions. BIDV leaders said the bank is eager to become the institutional pioneer for investment in Myanmar and support Vietnamese businesses bold enough to perceive the country’s opportunities. BIDV is currently preparing for establishing a joint banking venture in Myanmar.
Vu Van Trung, Deputy Head of the Ministry of Planning and Investment’s Foreign Investment Agency, highlighted the chance to capitalise on Myanmar’s emerging consumer goods, agriculture, and processing technology markets. Vietnam has invested nearly US$600 million in Myanmar.
Myanmar’s representatives thanked Vietnamese businesses for their contributions to investment and trade activities, affirming the Government of Myanmar is intent on continually improving its business and investment environment for all foreign partners.
The Vietnamese business community told the Government of Myanmar that issuing a regulation guiding the implementation of new investment laws would be a boon to their trade and investment activities.