Deputy Prime Minister Vuong Dinh Hue (R) and USDP Chairman U Than Htay (Photo: VNA)

Hanoi (VNA) – Myanmar’s Union Solidarity and Development Party (USDP) will do its utmost to strengthen cooperation with Vietnam, said its Chairman U Than Htay during his meeting with Deputy Prime Minister Vuong Dinh Hue in Hanoi on December 19.

He said the USDP will support the investment and business activities of Vietnamese firms in Myanmar for mutual benefit.

He informed the host about the outcomes of the talks between the USDP and the Communist Party of Vietnam (CPV).

He said he is deeply impressed with the socio-economic achievements that Vietnam has gained during its “Doi Moi” (reform) process.

For his part, the Vietnamese Deputy PM spoke highly of Myanmar’s socio-economic accomplishments over the years and affirmed to support the country’s efforts in peace building.

He noted that the comprehensive cooperative partnership between Vietnam and Myanmar has been expanded and deepened, especially after the visit to Myanmar by Party General Secretary Nguyen Phu Trong in August 2017 and the visit to Vietnam by State Counsellor Aung San Suu Kyi in April 2018.

Bilateral trade between the two nations has recorded an annual growth of 15-18 percent and is expected to hit 2 billion USD in the near future, he said, adding that Vietnam is the seventh biggest foreign investor in Myanmar, with the total investment of 2 billion USD.

The two countries are coordinating closely in the fields of politics, defence, and security as well as at bilateral and multilateral forums, according to the Deputy PM.–VNA