Vietnamese investors’ rising interest in Myanmar

More than 50 business groups from Vietnam have been conducting market research in Myanmar in order to look for investment opportunities, said Pho Nam Phuang, director of Investment and Trade Promotion Centre, on Friday.

The research is being conducted at shopping malls and supermarkets in Yangon and Mandalay, she said in the press conference at Union of Myanmar Federation of Chamber of Commerce and Industry.

“The research will cover customer’s habits and obstacles to Vietnamese companies operating in Myanmar. The results would be submitted on relevant ministries in coordination with UMFCCI,” said Myo Thant, joint secretary general of UMFCCI.

Myo Thant said Vietnam’s ITPC did another research on the distribution system last year.

In a related development, Vietnam plans to hold Ho Chi Minh City Expo 2014 at Tatmadaw Hall, Yangon from June 26 to June 30.

The event will showcase agricultural equipment, construction machinery, interior design decorations, leather products, garments, cosmetics and commodities from over 80 Vietnamese enterprises. The Vietnamese traditional food fair is to take place also.

“Along with the products from Ho Chi Minh City, the Myanmar merchandises will also on display at the expo. We plan to meet with business corporations in Mandalay too,” said Pho Nam Phuong.

In addition, the Vietnam-Myanmar Trade & Tourism Fair will be held at UMFCCI building on June 26.

Source: ELEVEN Myanmar

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