Myanmar should be considered as a very promising market for Vietnam-made products said Phạm Thiết Hòa, director of the Investment and Trade Promotion Centre of HCM City in a conference promoting Vietnamese exports earlier this week.

Bilateral trade with Vietnam was worth USD 860 million last year, making it the ninth largest trade partner of Myanmar. Vietnam is also the seventh largest investor in Myanmar with 18 large projects totally worth nearly USD 2.2 billion.

Major Vietnamese companies such as Hoàng Anh Gia Lai (HAGL), the Bank for Investment and Development, Viettel or Vinamilk – which opened its first factory in Myanmar last year – all have operations in the country.

To promote Vietnamese goods, the Vietnam Trade Promotion Agency will host an annual goods fair in Yangon next month (December 19-22).