President pledges to encourage investment in Myanmar

16:23 | 06/12/2016 Vietnam - Asean

President Tran Dai Quang pledged that Vietnam will encourage its business community to invest in Myanmar, especially in agriculture, fish farming, mining and tourism.

President Tran Dai Quang (R) and Myanma Minister of Home Affairs Kyaw Swe

At a meeting with visiting Myanma Minister of Home Affairs Kyaw Swe in Hanoi on December 5, the President said that Vietnam and Myanmar had untapped cooperation potential.

The bilateral partnership has made progress, especially in the twelve prioritised areas, including agriculture, industrial tree plantations, aquaculture, finance, aviation, telecommunication, oil and gas and investment, he noted.

He also lauded Myanmar for its close coordination at regional and international forums as well as within the framework of ASEAN, the Cambodia-Laos-Myanmar-Vietnam (CLMV) cooperation mechanism, the UN and the Mekong River Commission.

The Vietnamese State leader suggested that the two sides continue working closely to promote the sound partnership and expand bilateral friendship for the interest of both peoples as well as the successful construction of an ASEAN Community of peace, stability, cooperation and development.

He also spoke highly of the outcomes of the talks between Kyaw Swe and Minister of Public Security To Lam, especially their agreement on specific measures to further boost the bilateral affiliation in law enforcement and security.

He affirmed Vietnam’s consistent policy of paying much attention to the development of its traditional friendship and multi-faceted cooperation with Myanmar.

For his part, Minister Kyaw Swe shared his strong impressions of Vietnam during his first visit to the country, expressing his admiration for the country’s achievements in the cause of national construction and development.

He stated that Vietnam is a development model for many countries in the region and around the world, including Myanmar.

He highlighted his determination to step up the ties between Myanmar’s Ministry of Home Affairs and Vietnam’s Ministry of Public Security, contributing to the expansion of cooperation between the two countries.

Kyaw Swe vowed that Myanmar would create optimal conditions for Vietnamese investors and do its best to protect their legitimate rights.