Vietnam becomes ninth largest trade partner of Myanmar
Trade between Vietnam and Myanmar reached 860 million USD in 2018, making Vietnam the 9th largest trade partner of Myanmar, it was reported at a meeting between Deputy Prime Minister Vuong Dinh Hue and Myanmar Minister of Planning and Finance Soe Win on June 18.
Deputy Prime Minister Vuong Dinh Hue (R) and Myanmar Minister of Planning and Finance Soe Win (Photo: baochinhphu.vn)
Hanoi (VNA) – Trade between Vietnam and Myanmarreached 860 million USD in 2018, making Vietnam the 9th largesttrade partner of Myanmar, it was reported at a meeting between Deputy PrimeMinister Vuong Dinh Hue and Myanmar Minister of Planning and Finance Soe Win onJune 18.
At the meeting, held during Deputy PM Hue’s working visit toMyanmar, the two sides praised recent growth of economy-trade-investment andfinance-banking cooperation between Vietnam and Myanmar.
They were pleased to note that Vietnam has also become the 7th largest foreign investor in Myanmar with 18 big projects worth nearly 2.2billion USD.
They said the two economies share similarities but couldsupplement each other if their strengths and potential are capitalised on.
Hue thanked the Myanmar Government for creating favourableconditions for Vietnamese enterprises to invest in the country. He asked MinisterSoe Win to further support the investors, particularly by simplifyingadministrative procedures, reducing customs clearance time, and facilitatingforeign investors to register for ownership of their investment asset in thecountry.
The Deputy PM lauded the Central Bank of Myanmar’s recentpolicies that facilitate the operation of foreign credit institutions,including those from Vietnam.
He asked the Myanmar side to continue enabling Vietnamesecredit institutions to establish and expand their presence in the nation. Atpresent, four financial organisations of Vietnam have opened representativeoffices or branch offices in Myanmar.
For his part, Soe Win stated the Myanmar Government ismaking efforts to simplify administrative procedures to create an open businessclimate for foreign investors, including those from Vietnam. He added that theefforts take time and asked Vietnamese investors to be patient and cooperate withthe local authorities.
On the occasion, he also discussed measures to clearfinancial obstacles for a number of Vietnamese firms in Myanmar like the HoangAnh Gia Lai Group (HAGL) and Bank for Investment and Development of Vietnam(BIDV).
The same day, Deputy PM Hue visited the Vietnamese Embassyand met Vietnamese expatriates in Yangon. He also visited several representativeoffices of Vietnamese companies, including the BIDV, HAGL, Viettel MilitaryIndustry and Telecoms Group, and Vietnam Airlines.
He also had a meeting with the 30-member Vietnameseenterprises’ club in Myanmar, which was freshly established on May 28.-VNA
Deputy Prime Minister Vuong Dinh Hue has affirmed that Vietnam supports Myanmar in its national reconciliation and development with increasingly improving stature in the region and the world.
Deputy Prime Minister Vuong Dinh Hue highlighted Vietnam’s wish to unceasingly develop relations with Myanmar during talks with Myanmar Vice President Myint Swe in Nay Pyi Taw on June 17.
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As part of the ASEAN Day celebrations, the Vietnamese embassy will also host the ASEAN Family Day 2025 in Ottawa to foster solidarity and community spirit among ASEAN members in Canada.
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The outcomes of Party General Secretary To Lam's visit will serve as a driving force and source of inspiration for the two countries to inherit, promote, and elevate their Comprehensive Strategic Partnership, contributing to the national construction and development cause in each country, and to peace, cooperation, and development in the region and the world.
Prime Minister Pham Minh Chinh on August 9 inspected the construction site of the new Phong Chau bridge, and surveyed a planned route for the Lao Cai – Hanoi – Hai Phong railway section running through the northern province of Phu Tho.
Across print, broadcast, and online platforms, Angolan media portrayed State President Luong Cuong's visit as a warm and historic occasion, strengthening bilateral ties and boosting Vietnam’s presence in Africa through the AU.
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The visits reflected the elevated position of Vietnam’s foreign policy in the new era—aimed at not only advancing ties with key regional partners like Egypt and Angola but also delivering a strategic message about Vietnam’s commitment to deepening relations with African nations as a whole.
At their talks and meetings, President Cuong and Angola’s top leaders affirmed that the close brotherhood and traditional friendship are a valuable shared asset and a solid foundation for the two nations to advance into a new phase of development.
The ruling People’s Movement for the Liberation of Angola (MPLA) attaches great importance to the friendship, solidarity, and comradeship with the Communist Party of Vietnam, and voiced her Party’s wish to further deepen and expand relations between the two sides for the benefit of the Vietnamese and Angolan people.
Vietnam pledges to do its utmost to build an ASEAN of solidarity, consensus, and unity in diversity, and to foster a fast and sustainable development path for ASEAN, grounded in science, technology, and innovation, said Prime Minister Pham Minh Chinh.
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The achievements of the five decades of Vietnam–Angola cooperation provide a strong and enduring foundation, as well as momentum for the two sides to consolidate, expand, and bring their partnership into a new phase of development.
Prime Minister Pham Minh Chinh stressed that the emulation and commendation work is a vital driver, fostering patriotism, dedication, and collective momentum in the run-up to the 11th National Patriotic Emulation Congress, Party congresses at all levels, and the 14th National Party Congress.
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Politburo member, Prime Minister Pham Minh Chinh on August 8 attended the first congress of the Party Organisation of Tay Ho ward of Hanoi for the 2025–2030 term, during which he called for fresh momentum to turn the ward into a model that takes the lead in all fields.
The size of the economy increased from over 5 billion USD in 1986 to over 476 billion USD by 2024, making Vietnam the fourth-largest economy in Southeast Asia and the 34th largest in the world.
Deputy Prime Minister Vuong Dinh Hue (R) and Myanmar Minister of Planning and Finance Soe Win (Photo: baochinhphu.vn) 
