Vietnamese Entrepreneurs Eye Myanmar Gem

The joint secretary of Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) U Myo Thant says there is growing interest from Vietnamese entrepreneurs in the Myanmar gem industry.

Vietnamese businessmen came to the Myanmar Gems Emporium held from May 26 to June 7 to seek investment opportunities in the sector.

“Vietnam will export jewellery after purchasing Myanmar jade lots and manufacturing value-added product,” U Myo Thant said.

The increased investment interest in the gem industry comes as more Vietnamese entrepreneurs try to penetrate Myanmar’s consumer market.

Joint Secretary U Than Aung Kyaw said the food industry is another key sector being eyed by European and Asian countries as a promising investment opportunity.

The 2014 Vietnam-Myanmar Trade and Tourism Fair will be held from June 26-30 at Tatmadaw Hall.

The fair will feature over 80 Vietnamese businesses in foods, plastic and electronic items sector in nearly 100 stalls.

Source: Myanmar BUSINESS TODAY

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