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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 […]

Vietnam-Myanmar relations will grow further: ambassador

The official visit to Vietnam from April 19-20 by Myanmar State Counsellor Aung San Suu Kyi will enhance bilateral friendship and boost cooperation in order to create a foundation to develop the two sides partnership, according to Vietnamese Ambassador to Myanmar Luan Thuy Duong. This is the first official visit to Vietnam by Aung San […]

Myanmar’s business confidence plummets as policy uncertainty bites: survey

YANGON (Reuters) – Business confidence among entrepreneurs in Myanmar dropped “drastically” this year due to unclear economic policy, a survey shows on Tuesday, amid growing frustration over leader Aung San Suu Kyi’s management of the fledgling economy. Suu Kyi has identified economic reform as a key goal to complete Myanmar’s democratic transition after decades of […]

Myanmar’s Tourism Destination Dreams Fade Amid Empty Hotels

With its sweeping view of the Shwedagon Pagoda, a glittering golden stupa and Myanmar’s top cultural attraction, the Esperado Lake View Hotel should be in an enviable spot. Yet, just two years after it was built, this four-star hotel sits half-empty for many months at a time, according to manager Nero Kyaw Wai. “We aren’t seeing […]

Myanmar’s highest Buddhist authority bars radical nationalist group

Myanmar’s top Buddhist authority banned a hardline monks’ group on Tuesday, raising pressure on extremists after they barred a firebrand monk from public sermons and authorities arrested several Buddhist nationalists. The radical group known by its Burmese initials Ma Ba Tha was declared illegal and “no person or organization” is allowed to use its name, […]

Digital tech slowly seeping into Myanmar, but still a long way to go

Myanmar is trying to learn the ropes of recent advances in digitization that ease the often frustrating burden of manual, paper-based administrative and business procedures. The country’s first digital customs management system, the Myanmar Automated Cargo Clearance System, was launched on Nov. 15 at the customs offices near the Port of Yangon, the largest trading […]