Vietnam and Myanmar strive to reach US$1 billion trade turnover

Vietnamese Prime Minister Nguyen Xuan Phuc and President of Myanmar Win Myint expressed their pleasure at active development and achievements in all cooperation fields, especially since relations between the two nations were raised to the comprehensive partnership in 2017. 

Chairwoman of the National Assembly of Vietnam Nguyen Thi Kim Ngan and President of Myanmar Win Myint (photo:VNA)

Chairwoman of the National Assembly of Vietnam Nguyen Thi Kim Ngan and President of Myanmar Win Myint (photo:VNA)

Economy, trade and investment cooperations are always delight spots in relations between Vietnam and Myanmar. 

Last year, the two-way trade turnover gained US$ 860 million. As this reasons, the two nations pledged to deepen furthermore the cooperation on the basis of mutual benefits as well as seek new cooperation opportunities to early raise the the bilateral trade turnover target by US$ 1 billion.

In order to achieve these targets, PM Nguyen Xuan Phuc suggested the partner to foster existing projects for agricultural and seafood industry between the two countries, solving land allocation used for Vietnam's industrial tree development projects in Myanmar, promoting the development of projects connecting roads and coastal shipping.

These contents were shared at the meeting between the Vietnamese and Myanmar leaders yesterday. 

On the same day, Chairwoman of the National Assembly of Vietnam Nguyen Thi Kim Ngan had a talk with the President of Myanmar.

At the meeting, Chairwoman Nguyen Thi Kim Ngan hoped that Vietnam and Myanmar would continue effective and close collaboration at international and regional parliamentary forums, especially in the framework of ASEAN Inter-Parliamentary Assembly and Inter-Parliamentary Union.

Next year, Vietnam will assume the role of ASEAN Chair and the National Assembly of Vietnam will become the President of AIPA; therefore, NA Speaker Nguyen Thi Kim Ngan suggested Myanmar to actively support Vietnam in the important role, aiming to better contribute to the development of ASEAN community.



BY VAN NGHIA- Translated by Huyen Huong

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