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Myanmar agrees to facilitate Vietnamese business ventures

Update: May, 29/2015 - 09:18
Deputy Prime Minister and Foreign Minister Pham Binh Minh (left) meets with Myanmar President U Thein Sein in Nay Pyi Taw yesterday. — VNA/VNS Photo Do Quyen

NAY PYI TAW (VNS) — Deputy Prime Minister and Foreign Minister Pham Binh Minh yesterday asked the Myanmar Government to consider simplifying administrative procedures and granting investment licences to Vietnamese businesses.

He was meeting with Myanmar President U Thein Sein and Foreign Minister UWunna Maung Lwin in Nay Pyi Taw, ahead of the 8th session of the Joint Committee on Cooperation between Viet Nam and Myanmar.

The minister also highlighted the Viet Nam Rubber Group's project in the Bago region, the VinaCapital Group's establishment of an agricultural complex, and Bank for Development and Investment of Viet Nam (BIDV)'s opening of its branch in Myanmar.

The host leaders spoke highly of Deputy PM Minh's visit on the 40th anniversary of the bilateral diplomatic relations between the two countries, adding that the bilateral cooperation will strengthen further.

The hosts expressed their satisfaction with the sound political and diplomatic ties between the two countries and consented to increase high-level delegation exchanges and enhance the efficiency of the current cooperation mechanism.

They affirmed that Myanmar treasures its time-honoured friendship and multifaceted cooperation with Viet Nam.

President U Thein Sein agreed to increase Viet Nam-Myanmar cooperation in the fields that have huge growth potentials such as seafood, oil and gas, and information and communication technology, while expanding mutually beneficial cooperation in agricultural exports, vocational training, and tourism.

The President revealed that the Government of Myanmar is considering granting an investment licence to the BIDV to open its branch in Myanmar to facilitate trade between the two countries.

Both countries agreed to continue working together at regional and international forums, as well as with the other members of the Association of Southeast Asian Nations (ASEAN) to establish the ASEAN Community in late 2015.

This will contribute to maintaining the bloc's central role in solving regional issues, including the East Sea dispute, they observed. — VNS

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