Vietnam plans industrial zone in Myanmar

Vietnam has expressed interest in a setting up of industrial zone focused on the manufacturing of basic wood products and gems and jewelry, according to a bilateral meeting.

Vietnamese firms intend to invest in agriculture, fisheries, wood products, and gems and jewelry, officials said. Myanmar officials said they would help Vietnamese businesses establish the industrial zone in compliance with the Foreign Investment Law.

A bilateral trade committee was formed last year between the two countries to solve disputes, and trade has increased. The committee is working to increase imports of Myanmar agriculture product to Vietnam.

Vietnam is the eighth largest source of foreign investment in Myanmar, with a total of US$513 invested so far.

Vietnamese imports included pharmaceutical products, cement, chemical products, scientific-research tools, machinery, electrical products, paper, rubber and plastic. Myanmar exports included beans and peas, fishery products, teak logs and other hardwood, basic wood products and raw minerals.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

Vietnam has expressed interest in a setting up of industrial zone focused on the manufacturing of basic wood products and gems and jewelry, according to a bilateral meeting. Vietnamese firms intend to invest in agriculture, fisheries, wood products, and gems and jewelry, officials said. Myanmar officials said they would help Vietnamese businesses establish the industrial zone in compliance with the Foreign Investment Law. A bilateral trade committee was formed last year between the two countries to solve disputes, and trade has increased. The committee is working to increase imports of Myanmar agriculture product to Vietnam. Vietnam is the eighth largest...

Vietnam has expressed interest in a setting up of industrial zone focused on the manufacturing of basic wood products and gems and jewelry, according to a bilateral meeting.

Vietnamese firms intend to invest in agriculture, fisheries, wood products, and gems and jewelry, officials said. Myanmar officials said they would help Vietnamese businesses establish the industrial zone in compliance with the Foreign Investment Law.

A bilateral trade committee was formed last year between the two countries to solve disputes, and trade has increased. The committee is working to increase imports of Myanmar agriculture product to Vietnam.

Vietnam is the eighth largest source of foreign investment in Myanmar, with a total of US$513 invested so far.

Vietnamese imports included pharmaceutical products, cement, chemical products, scientific-research tools, machinery, electrical products, paper, rubber and plastic. Myanmar exports included beans and peas, fishery products, teak logs and other hardwood, basic wood products and raw minerals.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00