Politics

Vietnam becomes ninth largest trade partner of Myanmar

Trade between Vietnam and Myanmar reached 860 million USD in 2018, making Vietnam the 9th largest trade partner of Myanmar, it was reported at a meeting between Deputy Prime Minister Vuong Dinh Hue and Myanmar Minister of Planning and Finance Soe Win on June 18.
Vietnam becomes ninth largest trade partner of Myanmar ảnh 1Deputy Prime Minister Vuong Dinh Hue (R) and Myanmar Minister of Planning and Finance Soe Win (Photo: baochinhphu.vn)

Hanoi (VNA) – Trade between Vietnam and Myanmarreached 860 million USD in 2018, making Vietnam the 9th largesttrade partner of Myanmar, it was reported at a meeting between Deputy PrimeMinister Vuong Dinh Hue and Myanmar Minister of Planning and Finance Soe Win onJune 18.

At the meeting, held during Deputy PM Hue’s working visit toMyanmar, the two sides praised recent growth of economy-trade-investment andfinance-banking cooperation between Vietnam and Myanmar.

They were pleased to note that Vietnam has also become the 7th largest foreign investor in Myanmar with 18 big projects worth nearly 2.2billion USD.

They said the two economies share similarities but couldsupplement each other if their strengths and potential are capitalised on.

Hue thanked the Myanmar Government for creating favourableconditions for Vietnamese enterprises to invest in the country. He asked MinisterSoe Win to further support the investors, particularly by simplifyingadministrative procedures, reducing customs clearance time, and facilitatingforeign investors to register for ownership of their investment asset in thecountry.

The Deputy PM lauded the Central Bank of Myanmar’s recentpolicies that facilitate the operation of foreign credit institutions,including those from Vietnam.

He asked the Myanmar side to continue enabling Vietnamesecredit institutions to establish and expand their presence in the nation. Atpresent, four financial organisations of Vietnam have opened representativeoffices or branch offices in Myanmar.

For his part, Soe Win stated the Myanmar Government ismaking efforts to simplify administrative procedures to create an open businessclimate for foreign investors, including those from Vietnam. He added that theefforts take time and asked Vietnamese investors to be patient and cooperate withthe local authorities.

On the occasion, he also discussed measures to clearfinancial obstacles for a number of Vietnamese firms in Myanmar like the HoangAnh Gia Lai Group (HAGL) and Bank for Investment and Development of Vietnam(BIDV).

The same day, Deputy PM Hue visited the Vietnamese Embassyand met Vietnamese expatriates in Yangon. He also visited several representativeoffices of Vietnamese companies, including the BIDV, HAGL, Viettel MilitaryIndustry and Telecoms Group, and Vietnam Airlines.

He also had a meeting with the 30-member Vietnameseenterprises’ club in Myanmar, which was freshly established on May 28.-VNA
VNA
#Vietnam and Myanmar #Vietnam - Myanmar trade #Vuong Dinh Hue #Myanmar Minister of Planning and Finance #Soe Win #Vietnamese enterprises in Myanmar #HAGL #BIDV #Viettel #Vietnam News Agency #vietnamplus
Follow VietnamPlus

Related News

See more

☕ Afternoon briefing on June 11

☕ Afternoon briefing on June 11

A national conference disseminating and implementing Politburo Resolution No. 06-NQ/TW, the launch of the 14th national red journey blood donation campaign, and the 2026 national high school graduation examination are among news highlights on June 11.

Dr. Gnel Rattha, President of the Cambodia – Russia Business Association and an expert in geopolitics and international economics, grants an interview to the Vietnam News Agency. (Photo: VNA)

Cambodian expert hails AFF 2026 as milestone in multilateral party diplomacy

AFF 2026 is a testament to Vietnam’s ability to pursue a foreign policy of independence, self-reliance, and deeper international integration. The forum’s agenda also demonstrated the host country’s organisational capacity in broadening dialogue beyond the government level, bringing together representatives of major ASEAN cities, youth groups, and the private sector, said Dr. Gnel Rattha, President of the Cambodia–Russia Business Association.

Flag-raising ceremony marking the 57th anniversary of the founding of the Association of Southeast Asian Nations (ASEAN), organised by the Vietnamese Ministry of Foreign Affairs in Hanoi on August 8, 2024. (Photo: VNA)

AFF 2026 potential to become an incubator of ideas for ASEAN’s future agenda: expert

Collins Chong Yew Keat, a strategic, security and foreign affairs analyst at the Universiti Malaya, said that Vietnam’s decision to organise the forum was highly timely, as the bloc is currently facing a range of interconnected challenges, from major-power competition, maritime tensions and supply chain disruptions to non-traditional issues such as climate change and technological transformation.

Party General Secretary and State President To Lam speaks at the national conference held on June 11 to disseminate and implement Politburo Resolution No. 06-NQ/TW. (Photo: VNA)

Top leader highlights strategic role of foreign affairs in new development era

With the determination of the entire political system, Resolution No. 06 will soon be translated into practical outcomes, enabling foreign affairs to fully perform its pioneering and strategic role in advancing Vietnam’s aspiration to become a developed, independent, self-reliant and self-strengthening nation in the new era, said top leader To lam.

The Vietnam–Cambodia friendship monument is inaugurated on June 10 in Pursat province of northern Cambodia (Photo: VNA)

New Vietnam–Cambodia friendship monument inaugurated in Pursat province

The Vietnam–Cambodia Friendship Monument stands as a symbol of the solidarity and friendship between the two countries, serving as a historical and cultural landmark that pays tribute to Vietnamese volunteer soldiers and experts who fought alongside Cambodian forces and people against common enemies for peace, independence, and freedom.

Deputy Prime Minister Le Tien Chau meets with Japanese Foreign Minister Motegi Toshimitsu on June 10. (Photo: VNA)

Vietnam, Japan seek to deepen all-round relations

Meeting with Japanese Foreign Minister Motegi Toshimitsu on June 10, Deputy PM Le Tien Chau thanked Japan for its effective cooperation and significant contributions to Vietnam’s socio-economic development over the years, expressing support for Japan’s increasingly active role in regional and global affairs through initiatives in digital transformation and energy security.

☀️ Morning digest on June 11

☀️ Morning digest on June 11

Party General Secretary and State President To Lam's reception for Timor-Leste PM Kay Rala Xanana Gusmão, Standing Deputy PM Pham Gia Tuc's meeting with US Deputy Secretary of State Christopher Landau, and the conclusion of third ASEAN Future Forum are among news highlights on June 10 evening.

Foreign Minister Le Hoai Trung meets with UK Parliamentary Under-Secretary of State Seema Malhotra in Hanoi on June 10, 2026, as part of the British official’s visit to Vietnam. (Photo: Ministry of Foreign Affairs)

Vietnam, UK seek to lift bilateral trade to 10 billion USD

At the meeting, Foreign Minister Le Hoai Trung thanked the UK for its high-level participation in the ASEAN Future Forum and reaffirmed Vietnam’s support for stronger ASEAN–UK ties. Marking five years of the ASEAN–UK Dialogue Partnership, he stressed Vietnam’s determination to effectively fulfil its role as ASEAN Coordinator for relations with the UK for the 2024–2027 period.

Delegates at the workshop on commemorating 5 years of ASEAN - UK Dialogue Relations in Hanoi on June 10 (Photo: VNA)

Vietnam reaffirms commitment to advancing ASEAN ties with New Zealand, UK

The ASEAN-New Zealand Forum on Subregional Cooperation and a workshop marking the fifth anniversary of ASEAN-UK Dialogue Partnership relations (2021-2026) were hosted by Vietnam’s Ministry of Foreign Affairs in its capacity as coordinator of ASEAN’s relations with New Zealand and the UK for 2024-2027.

The 181st Session of the FAO Council takes place in Rome, Italy, from June 8–12, 2026. (Photo: VNA)

Vietnam a model for effective South-South cooperation: FAO

Vietnam’s participation in the 181st Session of the FAO Council in Italy demonstrates its active and responsible role in multilateral food and agriculture mechanisms, while reaffirming the country’s commitment to addressing food security challenges, promoting sustainable agricultural development, adapting to climate change and strengthening international cooperation in agrifood system transformation.

Delegates at ASEAN regional Forum Senior Officials' Meeting in the Philippines on June 9 (Photo: The Ministry of Foreign Affairs)

ASEAN must remain central to regional dialogue, cooperation, trust-building: Vietnamese diplomat

Vietnam will continue working with ASEAN member states and China to implement the Declaration on the Conduct of Parties in the East Sea (DOC) and accelerate negotiations toward an effective and substantive Code of Conduct (COC) consistent with international law, especially the 1982 United Nations Convention on the Law of the Sea (UNCLOS), said Deputy Foreign Minister Dang Hoang Giang.

Party General Secretary and State President To Lam chairs a working session on June 10, 2026 with the Government Party Committee and relevant agencies reviewing the implementation of Resolution No. 24-NQ/TW, issued by the 11th Party Central Committee, on proactively responding to climate change, strengthening natural resource management and environmental protection. (Photo: VNA)

Environment protection central to Vietnam’s new development vision: Top leader

Chairing a working session on June 10 with the Government Party Committee and relevant agencies reviewing the implementation of Resolution No. 24-NQ/TW, issued by the 11th Party Central Committee, on proactively responding to climate change, strengthening natural resource management and environmental protection, the top leader emphasised that environmental protection and climate adaptation must be integrated into the broader goals of rapid and sustainable development, maintaining high economic growth over the long term, and building a modern economy driven by science and technology, innovation and digital transformation.

Timor-Leste Prime Minister Kay Rala Xanana Gusmão and General Secretary of the Communist Party of Vietnam and State President To Lam during a farewell meeting on June 10 ahead of the Timorese leader’s departure for home. (Photo: VNA)

Timor-Leste PM wraps up Vietnam visit

Vietnam and Timor-Leste possess substantial potential and complementary strengths to broaden cooperation for the benefit of their people and to contribute to a stable, resilient and sustainable region.