Exhibition of Vietnamese brands held in Myanmar

Thursday, 2019-10-31 11:26:38
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Vietnamese Ambassador to Myanmar Luan Thuy Duong speaks at the event. (Photo: Vietnamese Embassy in Myanmar)
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NDO/VNA – An exhibition of Vietnamese brands in Myanmar was held in Yangon city from October 29-30.

Present at the opening ceremony were Governor of Yangon U Phyo Min Thein, Permanent Secretary of the Ministry of Commerce U Aung Soe, and representatives from Vietnamese business clubs in Myanmar.

Speaking at the event, Vietnamese Ambassador to Myanmar Luan Thuy Duong said since the establishment of comprehensive cooperative partnership in 2017, Vietnam and Myanmar have seen progress in bilateral ties, especially in trade and investment.

Vietnam is now the ninth largest trade partner of Myanmar with two-way trade growing by 13% annually over the past five years, reaching US$860 million last year, Duong said, adding that the figure is expected to hit US$1 billion in 2020.

Vietnam also ranked seventh among 50 countries and territories investing in Myanmar with 25 projects worth nearly US$2.2 billion, the ambassador added.

Duong said the event would contribute to popularising Vietnam’s images and brands while promoting exports and distribution of Vietnamese goods in Myanmar.

The exhibition gathered 22 outstanding Vietnamese firms that represent more than 200 enterprises in Myanmar.