Updated  
May, 14 2014 08:32:46

Viet Nam encourages businesses to make investments in Myanmar

Prime Minister Nguyen Tan Dung receives Myanmar Minister of Industry U Maung Myint in Ha Noi yesterday. — VNA/VNS Photo Duc Tam

HA NOI (VNS) — The Vietnamese Government will help businesses invest in Myanmar, Prime Minister Nguyen Tan Dung said while receiving Myanmar Minister of Industry U Maung Myint in Ha Noi yesterday.

PM Dung highlighted positive developments in economics, trade and investment co-operation, suggesting that the two sides further boost collaboration in 12 areas agreed upon by their high-ranking leaders including seafood, oil and gas, telecommunication, aviation and energy.

The Myanmar Ministry of Industry and Viet Nam's Ministry of Industry and Trade should also discuss specific measures to facilitate Vietnamese businesses' investment in Myanmar , including the licensing of Vietnamese banks in the country, he said.

Congratulating Myanmar on its successful hosting of the 24th ASEAN Summit on May 10-11, PM Dung said he met with Myanmar President U Thein Sein on the sidelines of the event to discuss ways to boost economic, trade and investment co-operation between the two countries.

The two sides agreed to work with other ASEAN members to promote solidarity within the bloc and building the ASEAN Community by 2015. They also raised a common voice on international and regional issues, including the ongoing tensions in the East Sea, he added.

For his part, Minister Myint said his visit aimed to foster bilateral trade connections in the fields of chemicals, fertilisers, steel and agricultural machinery.

He affirmed that his government would create favourable conditions for Vietnamese firms to do business in Myanmar.

Sharing Viet Nam's concern over China's placement of a drilling rig in Viet Nam's continental shelf and exclusive economic zone, the minister stressed that Myanmar's consistent policy was that the parties concerned should abide by international law, especially the 1982 UN Convention on the Law of the Sea (UNCLOS) and the Declaration on the Conduct of Parties in the East Sea  (DOC). — VNS


Send Us Your Comments:
Name:
Your E-mail address:
Title:
 

VietNamNews may edit your comments and not all emails will be published.

Highlight

Chinese drilling rig pulled out of Vietnam's waters Chinese drilling rig pulled out of Vietnam's waters

At 6:30pm on July 16, China's oil rig Haiyang Shiyou – 981 was 41 nautical miles from its previous position and out of Viet Nam's exclusive economic zone and continental shelf, about 163 nautical miles southwest of China's Hainan island, reported the Viet Nam Coast Guard High Command.  

School closed for torturing autistic students School closed for torturing autistic students

City authorities have shut down an illegal school for autistic children after it was found to be torturing its students.

Teachers question city's proposal to use e-books 1    Teachers question city's proposal to use e-books

E-books would replace printed textbooks in the first to third grades in HCM City for the upcoming schools year under a new proposal, the vice chairman of the city People's Committee Hua Ngoc Thuan has said.

Beer plant left unfinished Beer plant left unfinished

A beer plant under construction in the centre of Ha Tinh City has become a pasture for local residents to graze oxen.

Noi Bai unveils first sleeping pods Noi Bai unveils first sleeping pods

Vietnam Airlines Tourism Company (VATC ) has installed the first ever sleeping pods in Noi Bai International Airport to serve the passengers.