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