From Nation
Hanoi – The Association of Vietnamese Investors in Myanmar (AVIM) sets to raise their cumulative investment in Myanmar to US$1.5 billion by 2015, placing Vietnam among the country’s five largest foreign investors.
General Secretary Trong (right) receives Speaker of the Assembly of the Union of Myanmar Thura U Shwe Mann during his visit to Viet Nam. (Vietnam Net)
The daily, which is a member of Asia News Network, reported that AVIM Chairman Tran Bac Ha unveiled the goal at a meeting in Hanoi on September 7 with Speaker of the Assembly of the Union of Myanmar Thura U Shwe Mann, who was on an official visit from September 5 at the invitation of National Assembly Chairman Nguyen Sinh Hung.
Ha also said the businesses would work to help raise two-way trade between the two countries to $650-700 million and the number of Vietnamese tourists to Myanmar to 35,000.
To realise these targets, AVIM representatives proposed that Myanmar’s government and parliament build an open-door legal system, in addition to setting up investment incentives for foreign investors, signing agreements encouraging and protecting investment and issuing regulations on the ownership of investment assets for Vietnamese firms in Myanmar.
The association voiced hope that Myanmar would accelerate the licensing process for Vietnamese projects in the fields of textiles, agriculture, health care, energy, construction material production, finance and banking.
Myanmar’s parliament leader U Shwe Mann appreciated the contributions made by AVIM to his country’s socio-economic development, saying that Myanmar and Vietnam shared many similarities in geography, economy and culture that could be advantageous for promoting trade links and investment.
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