Vietnam, Myanmar look towards 1 bln USD in two-way trade

Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc and State Counselor of Myanmar Aung San Suu Kyi agreed to further deepen bilateral trade and investment on win-win basis towards achieving 1 billion USD or higher in two-way trade during their talks in Hanoi on April 19. The talks took place right after the welcome ceremony […]

Sink-or-Swim Time for ASEAN Latecomers as Tariffs Come Down

HANOI — Cambodia, Laos, Myanmar and Vietnam are no longer getting the kid-gloves treatment in the ASEAN Economic Community. As late entrants to the Association of Southeast Asian Nations, the four countries were initially exempted from abolishing some tariffs when the bloc established the AEC at the end of 2015. As of Monday, however, they […]

Lotte Hotel Yangon to be open on commissioned operation by Lotte resorts affiliate

Lotte Hotel Yangon, to be operated on commission by Lotte Hotel & Resorts, will open later this week as the company’s eighth overseas chain, officials said Sunday. South Korean retail giant Lotte will manage the new hotel for 20 years in contract with Daewoo Amara, in what will be the first five-star accommodation facility it […]

Vietjet to commence Hanoi – Yangon route

Kuala Lumpur – Vietjet recently launched its newest international route connecting Hanoi (Vietnam) with Yangon (Myanmar). The ceremony was witnessed by Mr. Pham Binh Minh– Politburo Member, Deputy Prime Minister and Minister of Foreign Affairs of Vietnam and high-ranking dignitaries from Vietnam and Myanmar. The launch of the new route is timed perfectly to complement […]

Petrolimex, Myanmar’s HTOO Sign Cooperation Deal

Hanoi (VNA) – The Vietnam National Petroleum Group (Petrolimex) and Myanmar’s HTOO Group of Companies have recently signed a deal in Hanoi, under which they will explore the possibility of jointly doing business in Myanmar. Petrolimex Chairman Bui Ngoc Bao hailed Myanmar as a promising oil and gas market and a golden land for investors in […]

Ruili — China’s gateway to Myanmar

The Jiegao border area is located in Ruili, a frontier city in China’s Yunnan province. Geographically, Yunnan occupies a unique position. Shortly after day break, under the cover of heavy monsoon clouds, the Jiegao border trading area — a medium-sized 2 sq. km. complex — appears desolate. In the half-light of the early hours, long-haul […]

Tiong Nam’s growth strategy – trucking network linking Malaysia-Thailand-Myanmar-Laos-Vietnam-China

Cross-border trucking and e-commerce businesses could be the next drivers of growth for Tiong Nam Logistics Holdings Bhd. According to analysts, Tiong Nam’s proposed expansion of its regional presence through establishing a trucking network linking Malaysia-Thailand-Myanmar-Laos-Vietnam-China will complement the core business of the logistics services provider and result in significant revenue growth upon complete set […]

Emirates to launch direct Yangon-Phnom Penh air link

The addition of the new route using Boeing 777-300ER aircraft will make Emirates the only airline with a direct service between Myanmar’s commercial hub and Cambodia’s capital. The new route is expected to encourage travel between both cities, said Mohammad Sarhan, the airline’s manager for Thailand, Myanmar and Cambodia. “With this new route, we are […]

Emirates set to launch flights to Phnom Penh

Emirates Airlines will expand its presence in Cambodia by launching a daily passenger flight between Dubai and Phnom Penh, with a stopover in Yangon, as part of the Dubai-based carrier’s push into the region. Launching on July 1, the daily flight will connect Dubai to Phnom Penh via a 90-minute stopover in Yangon, using a […]

Thai AirAsia adds Mandalay flight

Thai AirAsia (TAA) is to introduce a second daily flight from Bangkok to Mandalay to meet stronger demand. The additional service will commence on March 17, expanding the low-cost carrier’s (LCC) footprint in the emerging travel market. Santisuk Klongchaiya, commercial director for TAA, said the airline’s services to Myanmar have grown in popularity as Thais […]