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| Myanmar Ambassador to Vietnam Kyaw Soe Win answers questions from Vietnamese businesses attending the event. (Photo: Ha An) |
The event was held on the occasion of the Myanmar business delegation visiting Vietnam to attend the Vietnam Craft Village Conservation and Development Festival 2023, taking place from October to November 2023 at many locations in Hanoi.
Attending the event, on the Myanmar side were Myanmar Ambassador to Vietnam Kyaw Soe Win, economic counselor and representatives of several Myanmar enterprises operating in the handicraft, fine arts, and agriculture sectors... On the Vietnamese side, there were Chairman of the Vietnam-Myanmar Friendship Association Chu Cong Phung and representatives of 8 Vietnamese enterprises operating in Myanmar.
Speaking at the event, Vietnamese businesses said that the two biggest difficulties they are currently facing are import-export licensing and payment, and they hope that the Myanmar Embassy will find ways to resolve them so that businesses can feel secure doing business in the host country.
Myanmar Ambassador to Vietnam Kyaw Soe Win affirmed that he highly values the comprehensive cooperative relationship with Vietnam. The Ambassador acknowledged that the current situation is very difficult because the Myanmar Government is having to deal with many issues related to security, foreign affairs, etc. Therefore, the Ambassador hopes that international businesses, especially Vietnamese businesses, will continue to stay close and wait calmly, while regularly contacting the economic counsellor to remove difficulties and explore new trade and investment relationships.
Chairman of the Vietnam-Myanmar Friendship Association Chu Cong Phung hopes that in the coming time, Myanmar will soon stabilize its domestic political situation to bring trade relations between the two sides back to the vibrant period as before.
According to the Vietnam Trade Office in Myanmar, by the end of August 2023, Vietnam - Myanmar trade turnover reached 489 million USD, down 17% over the same period in 2022.
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| Myanmar Ambassador to Vietnam Kyaw Soe Win and Chairman of the Vietnam - Myanmar Friendship Association Chu Cong Phung took a souvenir photo with representatives of Vietnamese and Myanmar enterprises. (Photo: Ha An) |
Of which, Vietnam's export turnover to Myanmar reached 311 million USD, down 15% and imports reached 178 million USD, down 20% compared to the same period in 2022. The main export items are means of transport spare parts, textiles, garments, machinery, equipment and tools, textile and garment raw materials, footwear, fertilizers of all kinds, plastic products, electric wires and cables, plastic raw materials, etc.
According to the Vietnam Trade Office in Myanmar, Myanmar's import situation from other countries in general is facing many difficulties. Based on the current market situation, the Vietnam Trade Office in Myanmar has been and will continue to implement trade promotion activities in the following direction: Continuing to proactively work through business associations, distribution enterprises, contractors, supermarkets and other partner enterprises of Myanmar to connect with Vietnamese suppliers.
At the same time, the Vietnam Trade Office in Myanmar strengthens coordination with domestic enterprises to closely cooperate with project contractors in bidding packages and projects with high export potential, especially machinery, electrical equipment, electric cables, iron and steel and construction materials; organizes trade activities, business delegations of the two countries, and participates in fairs.
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