Myanmar promising market for Vietnamese businesses

20 November 2019
Myanmar promising market for Vietnamese businesses
An aerial view of Yangon city. Photo: Nyein Chan Naing/EPA

Myanmar is a promising market for Vietnamese businesses, according to a workshop in Ho Chi Minh City on November 19, Vietnamplus reported.

According to Vo Thi Ngoc Diep, Vietnamese Commercial Counsellor in Myanmar, Vietnam is now one of the 10 biggest trade partners of Myanmar. In 2018, two-way trade reached 860 million USD, of which Vietnam exported over 700 million USD worth of goods to the market.

Diep said Myanmar is a potential market for Vietnamese products and services such as iron and steel, electronics, motorbikes and bicycles, food and processed materials, household electrical appliances, construction, information technology, and telecommunications.