Vietnam, Myanmar boost cooperation ties

HANOI, May 27 (Xinhua) -- The cooperation potential between Vietnam and Myanmar is huge and the two sides should further boost the bilateral ties, the Vietnamese Prime Minister Nguyen Tan Dung made the remark here on Sunday during his visit to Vietnam.

Speaking of the cooperation between the two countries, when Dung received Myanmar's Yangon Region Chief Minister U Myint Swe, he said especially on economic, trade and investment, the two sides should further promotion activities to better exploit the advantages of each country, contributing to build a stronger ASEAN community in the future.

During the meeting, Dung highly appreciated the visit of Yangon' s chief minister to Vietnam and expressed his pleasure at the fine relationship between the two countries.

Dung welcomed Yangon's cooperation with other regions of Vietnam, particularly in investment, trade and tourism, added that Vietnam will direct ministries, branches and relevant agencies to closely cooperate with Myanmar's authorities to hold investment promotion conference in Yangon next month.

Dung also asked Yangon's authorities to create favorable conditions for Vietnamese businesses to boost investment in the region.

For his part, Myint Swe said the purpose of his visit to Vietnam this time is to implement agreements which have been signed by leaders of the two countries, particularly the 12 agreements reached during Myanmar's President U Thein Sein recent visit to Vietnam.

Swe affirmed that Myanmar always support and encourage Vietnamese businesses to invest in Yangon as well as to boost trade ties between the two countries. Swe expected Vietnam's localities will promote cooperation with Yangon region, especially in fields of agriculture, energy and mineral exploitation.

In 2011, the bilateral trade between Vietnam and Myanmar reached over 167 million U.S. dollars, an increase of 9.8 percent over 2010.

Sourced: Xhinhuanet