10:47 | 29/05/2015 Investment
Deputy Prime Minister and Foreign Minister Pham Binh Minh asked the Government of Myanmar to consider simplifying administrative procedures and granting investment licences to Vietnamese businesses in the near future while meeting with Myanmar President U Thein Sein and Foreign Minister UWunna Maung Lwin in Nay Pyi Taw on May 28.
Vietnam, Myanmar will increase cooperation in seafood, oil and gas, and information-communication (Photo: VNA)
The meetings took place ahead of the 8th session of the Joint Committee on cooperation between Vietnam and Myanmar .
The Vietnamese official highlighted the Vietnam Rubber Group’s project in Bago region, the VinaCapital Group’s establishment of an agriculture complex, and the Bank for Development and Investment of Vietnam (BIDV)’s launch of its branch in Myanmar.
The two host leaders spoke highly of the visit by Deputy PM Pham Binh Minh in celebration of the 40th anniversary of bilateral diplomatic relations, adding that its success will help propel bilateral cooperation forward.
The hosts expressed their satisfaction with the sound political and diplomatic ties between the two countries, and consented to increasing high-level delegation exchanges and promoting the efficiency of the current cooperation mechanism.
They confirmed that Myanmar treasures its time-honoured friendship and multi-faceted cooperation with Vietnam .
President U Thein Sein agreed to increase Vietnam-Myanmar cooperation in fields with potential, such as seafood, oil and gas, and information communication technology, while expanding the mutually beneficial cooperation efforts in agricultural exports, vocational training and tourism.
The President revealed that the Government of Myanmar is considering granting an investment licence to BIDV to open its branch in Myanmar in order to facilitate trade between the two countries.
The hosts and guest agreed to continue working together at regional and international forums, as well as working with other Association of Southeast Asian Nations (ASEAN) member states to establish the ASEAN Community in late 2015.
This will contribute to maintaining the bloc’s central role in regional issues, including the East Sea related ones, they said.