80 VN firms participating in expo in Myanmar

A booth introduces HCM City tourism at the 2017 Viet Nam-Myanmar Trade-Service-Tourism Expo in Myanmar. — Photo infornet.vn

More than 80 Vietnamese firms are participating today in the 2017 Viet Nam-Myanmar Trade-Service-Tourism Expo in Yangon City, Myanmar.

The firms are exhibiting products in processed food and agriculture, consumer utensils, textiles and garments, as well as electronics, footwear, chemicals and interior décor, along with pottery, handicrafts, construction materials, industrial machines and equipment.

Besides marketing Vietnamese products to Myanmar consumers, the firms also expect to find partners for setting up a distribution network in Myanmar.

Nguyen Tuan, deputy director of the HCM City Investment and Trade Promotion Centre (ITPC), the expo’s organiser, said a conference on sharing information and experiences in doing business and investment in Myanmar will be also held on the sidelines of the expo.

ITPC will also organise fact-finding trips for the Vietnamese firms to Myanmar’s construction materials supermarkets and Bago’s agriculture produce market.

The expo is on until Sunday.

According to the Viet Nam General Department of Customs, two-way trade turnover between Viet Nam and Myanmar last year rose 26 per cent against 2015 to US$548 million, of which Viet Nam’s export value was nearly $462 million, up 22 per cent against 2015.

A report from the Myanmar Department of Business Investment and Registration showed Viet Nam ranked seven among 49 nations and territories, with projects totalling registered capital of $2 billion invested in Myanmar. — VNS