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Vietnam’s investment projects highly evaluated in Myanmar: State Counselor

Friday, April 20, 2018, 14:51 GMT+7

Myanmar State Counselor Aung San Suu Kyi praised Vietnam’s investment projects in her home country during her talks with Vietnamese Prime Minister Nguyen Xuan Phuc in Hanoi on Thursday.

The meeting was held within the framework of Suu Kyi’s April 19-20 visit to Vietnam.

During the conversation, the two leaders agreed to seek for new methods of cooperation to reach bilateral trade of US$1 billion.

Vietnam’s investment projects in Myanmar are highly evaluated as they have contributed significantly to the sustainable development of the country and the improvement of the local living standards, the guest said.

Myanmarese authorities will establish suitable trade and investment policies to create a favorable investment environment for businesses from foreign countries, including Vietnam, she added.

The two leaders witness the signing of important of documents after their talks on April 19, 2018. Photo: Tuoi Tre
The two leaders witness the signing of important documents after their talks on April 19, 2018. Photo: Tuoi Tre

Vietnam is the seventh-biggest investor in Myanmar with 70 projects worth nearly $2 billion.

State Counselor Suu Kyi and PM Phuc consented on expanding the two nations’ cooperation to such fields as training, military medicine, search and rescue, and sports. 

A defense policy dialogue at at deputy-ministerial level between Vietnam and Myanmar is expected to be organized this year, according to the two leaders.

They added that negotiation will also be carried out to establish a collaboration mechanism in crime fighting, and agreements in extradition and transfer of sentenced persons.

PM Nguyen Xuan Phuc talks with State Counselor Aung San Suu Kyi. Photo: Tuoi Tre
PM Nguyen Xuan Phuc talks with State Counselor Aung San Suu Kyi. Photo: Tuoi Tre

The host and guest expressed their wish to further uphold ties in other important fields, including finance, telecommunications, energy, agro-forestry-fisheries, and people-to-people exchange.

Both countries will also work closely together at forums such as the Association of Southeast Asian Nations (ASEAN) and the United Nations.

They highlighted the importance of maintaining peace and stability in the region, as well as maritime and aviation freedom in the East Vietnam Sea.

Following the talks, the leaders witnessed the signing of memoranda of understanding on cooperation in telecommunications and information technology.

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Duy Khang / Tuoi Tre News

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