President pledges to encourage investment to Myanmar

Hanoi (VNA) – President Tran Dai Quang pledged that Vietnam will encourage its business community to invest in Myanmar, especially in agriculture, fish farming, mining and tourism.

At a meeting with visiting Myanmar Minister of Home Affairs Kyaw Swe in Hanoi on December 5, the President said that Vietnam and Myanmar have potential untapped for cooperation.

Bilateral partnership has so far made progress, especially in the 12 prioritised areas, including agriculture, industrial tree plantation, aquaculture, financial-banking, aviation, telecommunication, oil and gas, and investment, he noted.

He also lauded Myanmar for its close coordination at regional and international forums as well as within the framework of the ASEAN, the Cambodia-Laos-Myanmar-Vietnam (CLMV) cooperation, the UN, and the Mekong River Commission.

The Vietnamese State leader suggested that the two sides continue working closely to promote the sound partnership and expand bilateral friendship for the interest of both peoples as well as the successful building of the ASEAN Community of peace, stability, cooperation and development.

He also spoke highly of the outcomes of the talks between Kyaw Swe and Minister of Public Security To Lam, especially their agreement on specific measures to further boost the bilateral affiliation in law enforcement and security.

He affirmed Vietnam’s constant policy of paying much attention to the development of traditional friendship and multi-faceted cooperation with Myanmar.

For his part, Minister Kyaw Swe shared his strong impression during his first visit to Vietnam, expressing his admiration to the country’s national construction and development achievements.

He stated that Vietnam is a development model for many countries in the region and the world, including Myanmar.

He highlighted the determination to lift up the ties between Myanmar’s Ministry of Home Affairs and Vietnam’s Ministry of Public Security, thus contributing to the expansion of cooperation between the two countries.

Kyaw Swe vowed that Myanmar will create optimal conditions for Vietnamese investors and do its utmost to protect their legitimate rights.-VNA