21/05/2015 15:21 GMT+7 Email Print Like 0

Vietnamese products showcased in Myanmar

Hanoi, May 21 (VNA) - The Vietnam-Myanmar Trade, Service and Tourism Exhibition 2015 (Ho Chi Minh City Expo 2015), organized by HCM City’s Investment and Trade Promotion Centre, opened in Yangon city of Myanmar on May 21, according to Saigon Giai Phong newspaper.

The city’s 80 leading enterprises are displaying a variety of products ranging from processed food, household utensils, garment, textile, electronics, and interior decorations at 125 stands.

A highlight of the fair is a “Common House” introducing achievements in politics, culture and economics of Vietnam and Ho Chi Minh City in particular.

Addressing the opening ceremony, Vice Chairwoman of HCM City People’s Committee Nguyen Thi Hong said the annual expo is an effective bridge connecting Vietnamese enterprises with Myanmar customers, and helps the two countries’ enterprises exchange information and seek new business opportunities and partners.

The exhibition will run until May 26.

Vietnam now ranks eighth among foreign investors in Myanmar with seven projects worth 513 million USD. Two-way trade reached 480 million USD last year and enjoyed an average growth rate of nearly 40 percent between 2010 and 2014.

Trade between the two countries is expected to hit 1.5 billion USD in the next two years and 1.7 billion USD by 2020.
VNA/VNP