Myanmar, Vietnam to hold business matching in Yangon

YANGON, Aug. 25 (Xinhua) -- Myanmar entrepreneurs will meet with Vietnamese entrepreneurs led by Deputy Director Nguyen Van Tuan of Vietnamese Trader's Association for bilateral cooperation at the business matching to be held at the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) here Tuesday, the UMFCCI said Saturday.

During the business matching, both sides will also discuss cooperation in such sectors as country's natural cosmetics products, fruits and vegetables, construction materials, home decoration products, textiles, footwear, stationary, chemicals and laboratory equipment.

According to official statistics, Myanmar-Vietnam bilateral trade amounted to 121.8 million U.S dollars in the first three quarters of 2011, an increase of 6.2 percent compared with the same period of 2010.

Vietnam mainly imports from Myanmar its forestry products, marine products, vegetables and rubber while exporting to Myanmar iron products, machines and spare parts, plastic, textile and clothing.

Vietnam's investment in Myanmar hit 23.649 million U.S. dollars as of November, 2011 since Myanmar opened to foreign investment in late 1988, according to official statistics. Enditem

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