Fair to introduce Vietnamese goods in Myanmar
The 2016 Vietnam-Myanmar Trade Service and Tourism Fair - Ho Chi Minh City Expo 2016, is scheduled to take place in Yangon city, Myanmar from April 1-4.
The 2013 Vietnam-Myanmar Trade Service and Tourism Fair (Source: VNA)Hosted by the Ho Chi Minh City Investment and Trade Promotion Centre (ITPC), the event is expected to offer Vietnamese enterprises a good chance to explore investment and trade opportunities in the growing market.
According to ITPC Director Pham Thiet Hoa, the fair will include 120 booths, providing information on trade, services and tourism on offer in HCM City, and will have separate exhibition areas for hi-tech agriculture and building materials.
Municipal officials and businesses will conduct a market survey in Yangon and Mandalay cities from March 31 to April 5.
In his speech at a recent workshop in HCM City, Hoa said although the low-end consumption segment makes up the majority of the Myanmar market, the middle and high-end segments are being expanded thanks to the country’s market-opening efforts.
Myanmar consumers’ taste is also affected by customs and religions, and they prioritise shopping for goods for daily use and prefer products with discounts or promotions, he noted.
Economic experts say Myanmar is a good potential market for Vietnamese commodities, especially for foods, consumer goods, beverages, construction material, machinery and products for agricultural production.
Many Vietnamese trade names such as Vissan food, Sa Giang rice products, Trung Nguyen coffee, Vinamilk milk and juice, Dien Quang light bulbs and Dai Dong Tien plastic goods, have successfully made inroads into the market.
Statistics from the General Department of Customs, show Vietnam exported over 378.5 million USD worth of goods to Myanmar in 2015. Bilateral trade is still modest compared to their trade with other ASEAN countries.-VNA
You should also see
Visitors flock to memorial commemorating Dien Bien Phu victory
Numerous groups from around the country have visited the Dien Bien Phu Historical Victory Museum, a repository of artefacts and documents about Vietnam’s resounding victory that echoed around the world.
See more
Business
French auction house to open office in Vietnam
France’s Millon Auction House has decided to open its representative office in Vietnam, and is preparing necessary steps for the official opening of the office in the near future.
Business
3,400 taels of SJC-branded gold bars successfully auctioned
The State Bank of Vietnam auctioned 16,800 taels of SJC-branded gold bars in Hanoi on April 23. This is the first auction of this kind in 11 years.
Business
HCM City seeks to draw remittances in infrastructure
A seminar aimed at channeling overseas remittances into infrastructure took place in Ho Chi Minh City on April 23, given that remittances to the city reached 9.46 billion USD in 2023, nearly three times higher than foreign direct investment (FDI), according to official statistics.
Sci-Tech
FPT, NVIDIA ink MoU to build 200 million USD AI factory
Vietnam’s tech giant FPT plans to build a 200 million USD artificial intelligence (AI) factory using Nvidia's graphics chips and software, as announced on April 23 in a comprehensive strategic partnership with NVIDIA.
Business
Lao Cai province calls for more Japanese investments
The advantages and potential of Vietnam’s northern border province of Lao Cai were introduced to Japanese firms at an investment and tourism promotion conference in Tokyo on April 23.
