The Ho Chi Minh City Investment and Trade Promotion Center (ITPC) has recently organized a meeting to exchange information with businesses on Burmese market and introduced HCMC Expo 2016 as well as a market survey program in Yangon and Mandalay.
|Vietnamese and Burmese businesses negotiate their deals at HCMC Expo 2015 in Myanmar (Photo: SGGP)|
According to the announcement, the fourth HCMC Expo 2016 will take place in Yangon city from April 1-4 for while the sixth market survey program will be conducted from March 31 till April 5.
The ITPC director Pham Thiet Hoa said that this year expo would include 120 stalls. Those eligible to attend in the event are Vietnamese businesses from all economic sectors, capable of export and established in accordance with the law, and trade promotion organizations and associations.
The HCMC Expo 2016 will comprise an area exhibiting hi-tech agricultural products and construction materials.
Under the market survey program, businesses will have field trips to wholesale markets, markets, supermarkets, Hoang Anh Giai Lai commercial complex and the representative office of Saigon Trading Group in Myanmar to seek investment and cooperation opportunities.
Many Vietnamese brands have successfully penetrated into Burmese market such as sausage and canned chicken of Vietnam Meat Industries Limited Company (Vissan); rice products including dried vermicelli, noodle and prawn crackers of Sa Giang Company; Nam My vegetable oil; Trung Nguyen coffee; Cau Tre tea; milk and canned fruit juice of Vietnam Dairy Products Joint Stock Company; items of Saigon Cosmetics Corporation; Dien Quang light bulbs and Dai Dong Tien plastic products.
According to experts, there is much room in Burma market for Vietnamese enterprises with common goods being the largest consumption segment
Myanmar is a highly potential market for Vietnamese products such as food, consumer goods, beverage, construction materials, electric items and agricultural materials, they say.
Statistics by the General Department of Vietnam Customs show that last year Vietnam’s export value to Myanmar reached US$378.5 million.
The bilateral trade turnover between Vietnam and Myanmar has been lower than that of other Southeast Asian nations. However Myanmar is still determined to be a potential market for Vietnamese goods with the last December established ASEAN Economic Community.