This is President Thein Sein's first visit since he was elected in March, 2011.
At a meeting following the ceremony, President Sang affirmed thatVietnam attaches importance to cooperation with Myanmar .
He said the two countries’ relations have long been fostered bygenerations of leaders. However, bilateral economic and trade ties havenot matched their potential.
The presidentsuggested that the two sides review their policies and mechanismstowards facilitating cooperation between their enterprises.
The Myanmar President said Myanmar has great potential in thetourism, forestry and banking sectors, and it will create favourableconditions for Vietnamese enterprises to invest in these fields.
He also thanked Vietnam for its support of Myanmar as the future Chair of ASEAN in 2014.
Later in the day, Prime Minister Nguyen Tan Dung met with President of Myanmar Thein Sein in Hanoi .
The Vietnamese Government leader applauded the visit, saying it willhelp raise the bilateral relationship to a new height.
PM Dung affirmed that Vietnam wants to work with Myanmar tocontinue strengthening the bilateral ties for the practical interests ofboth countries.
He suggested the two sidesmaintain an annual political consultation mechanism between the twoForeign Ministries and boost cooperation in the Mekong Subregion.
The two sides should speed up the implementation of cooperativeprogrammes and agreements in areas agreed by the two countries’high-ranking leaders, including agriculture, seafood, forestry, finance,telecommunications and energy, he said.
Regardingregional issues, PM Dung affirmed Vietnam ’s standpoint of supportingMyanmar as the ASEAN Chair in 2014 and said the country is ready toclosely cooperate and support Myanmar at regional forums.
President Thein Sein said his visit aims to consolidate and furtherstrengthen the traditional friendship and cooperation between Vietnamand Myanmar .
He noted positive results in thetwo countries’ cooperation in various fields, especially economics,trade, security and defence.
The Myanmar leaderexpressed his wish to strengthen cooperation with Vietnam in thefields of industry, agriculture, tourism, infrastructure construction,health, security and defence.
He said he hopes Vietnam will share its national construction and development experience with Myanmar .
President Thein Sein affirmed that Myanmar will create favourableconditions for Vietnamese businesses to invest in the country,especially in agriculture, tourism, telecommunications, oil and gas andhotels.
Vietnam and Myanmar establisheddiplomatic ties on May 28, 1975. Bilateral cooperation in economics,trade and investment has grown steadily, with two-way trade turnoverreaching more than 167 million USD in 2011, up 9.8 percent over 2010.-VNA