Business

Myanmar - a promising market for Vietnam

Thanks to reforms and its open-door policy, Myanmar is seen as a promising market for Vietnamese investors, reported a seminar held in Hanoi on April 24.
Thanks to reforms and its open-door policy, Myanmar is seen as apromising market for Vietnamese investors, reported a seminar held inHanoi on April 24.

According to experts,Myanmar is home to abundant natural resources and 60 million peoplewho have yet to access many services. The country has issued policies tocreate all possible favourable conditions for foreign investors.

Over the past years, Vietnam and Myanmar have seen positivedevelopment in their relations. Last year, Vietnam invested in sevenprojects worth over 460 million US dollars in Myanmar. At present,13 Vietnamese companies are operating in the country.

In order to succeed in Myanmar, Vietnamese businesses are advisedto adopt a long-term business strategy and choose highly competitiveproducts.

Additionally, Vietnam should ramp uptransport infrastructure with Myanmar to help Vietnamese enterprisesboost trade and investment in the country.-VNA
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