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Viet Nam, Myanmar plan to boost trade, co-operation

Update: December, 22/2011 - 10:38


Myanmar President Thein Sein greets Prime Minister Nguyen Tan Dung in the capital yesterday. — VNA/VNS Photo Duc Tam
NAY PYI TAW — Viet Nam and Myanmar have agreed to continue their traditional mutual trust, exploit and enhance co-operation in economy, trade and investment.

This was decided during talks between Prime Minister Nguyen Tan Dung and President Thein Sein in Myanmar's capital, Nay Pyi Taw, yesterday.

The meeting was held in conjunction with the three-day, fourth Great Mekong Sub-region (GMS) Summit, which ended yesterday.

The two sides agreed to continue co-operation in 12 fields outlined in a joint statement in April last year with the aim of reaching US$500 million in trade turnover by 2015.

The Myanmar president encouraged Vietnamese enterprises to invest in rice, rubber and fisheries, developing industrial zones and infrastructure, and exploiting offshore oil and gas.

The two leaders will promote the Viet Nam-Myanmar joint commission on trade, annual political consultation and co-operation between HCM City and Yangon (Rangoon).

They will also boost co-operation in airways, tourism, telecommunications, foreign affairs, security and national defence.

They exchanged opinions on international and regional issues and agreed to continue their close ties in ASEAN and other sub-regional frameworks, such as the Cambodia-Laos-Myanmar-Viet Nam (CLMV) summit, Chao Phraya-Mekong Economic Co-operation Strategy (ACMECS) organisation, GSM summit and East-West Economic Corridor (EWEC).

They stressed the importance of co-operation with related countries in the sustainable use of water sources from the Mekong River, support on the implementation of the Declaration on the Conduct of Parties in the East Sea (DOC) - and co-operate with other ASEAN countries and China to build up the Code of Conduct in the East Sea (COC) for peace, stability, security and maritime safety in the region.

President Thein Sein praised Viet Nam's achievements in its doi moi (renewal) process and international integration, saying that it was a model that Myanmar could use as a reference.

He commended Viet Nam's prestige and role in the region and thanked it for its support for Myanmar at regional and international forums, especially on Myanmar's ASEAN presidency on 2014.

The leaders witnessed the signing of an agreement on agriculture and rural development between the two ministries.

They also witnessed the signing of a memorandum covering $250,000 in non-refundable aid from the Bank of Investment and Development of Viet Nam for Myanmar's Ministry of Agriculture and Irrigation for technical and agricultural training.

Earlier, the two leaders visited a pilot rice field planted by Vietnamese companies in Nay Pyi Taw. The project involves eight agricultural experts from Viet Nam. — VNS

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