Vietnamese firms eye emerging Myanmar market
Representatives of businesses in HCM City gathered at a seminar on
May 8 to learn about the Myanmar market, which is emerging as one of
top investment destinations in the region.
Representatives of businesses in HCM City gathered at a seminar on
May 8 to learn about the Myanmar market, which is emerging as one of
top investment destinations in the region.
Dam Trung Bac, Honorary Consul General of Myanmar in HCM City said Vietnamese businesses could invest in potential fields such as building industrial parks, aquaculture, and growing forests and rubber plantations in Myanmar .
He added that Myanmar also has a great demand for developing electricity, telecommunications, automobile repair and consumer products, with production accounting for less than 20 percent of domestic consumption.
However, participating experts recommended investors to pay attention to Myanmar ’s investment and trading policies, including its administrative and investment procedures, which are inherently cumbersome and time-consuming.
Additionally, trading firms also need to choose strategic products for exports, helping them successfully compete with rivals from China and Thailand.-VNA
Dam Trung Bac, Honorary Consul General of Myanmar in HCM City said Vietnamese businesses could invest in potential fields such as building industrial parks, aquaculture, and growing forests and rubber plantations in Myanmar .
He added that Myanmar also has a great demand for developing electricity, telecommunications, automobile repair and consumer products, with production accounting for less than 20 percent of domestic consumption.
However, participating experts recommended investors to pay attention to Myanmar ’s investment and trading policies, including its administrative and investment procedures, which are inherently cumbersome and time-consuming.
Additionally, trading firms also need to choose strategic products for exports, helping them successfully compete with rivals from China and Thailand.-VNA
You should also see
Cam Lam - Vinh Hao Expressway to help drive south-central region's economy
The 78.5km Cam Lam - Vinh Hao Expressway, one of the three sub-projects of the North - South Expressway project’s eastern wing, officially opened to traffic on April 26.
See more
Business
Dak Lak firm pioneers in following EUDR in coffee production
The Dak Lak September 2 Import-Export Company Limited (Simexco) has pioneered in building coffee growing areas following the EU Deforestation Regulation (EUDR), it announced on April 25.
Business
Dong Nai calls for Korean investment into green growth
The southern province Dong Nai introduced its investment projects and incentives to the Republic of Korea (RoK)’s firms at a workshop in Seoul on April 25.
Business
Vietnam ranks fifth among aquatic product suppliers for Singapore
Vietnam jumped one place to become the fifth largest exporter of aquatic products to Singapore for the first time in the first quarter of this year, according to its Trade Office in the city state.
Business
Forum seeks ways to boost exports amid external challenges
Experts gathered at a forum in Ho Chi Minh City on April 25 to seek ways to untangle knots in terms of capital and market for exporters in the context that the ongoing conflicts in many regions are disrupting international trade.
Business
Enterprises want clearer regulations on seafood production
It is necessary to develop more detailed and consistent regulations on seafood production for export in line with the implementation of solutions towards sustainable and responsible fishing practices, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
