VN, Myanmar convene deputy ministerial-level political consultation

At the political consultation, the two sides expressed their delight to witness the two-way trade turnover increase of 5.5 times from US$ 152 million in 2010 to US$ 860 million in 2018; towards US$ 1 billion.

Viet Nam is now the seventh largest foreign investor in Myanmar with 18 projects worth nearly US$ 2.3 billion. Encouraging results have also been seen in bilateral collaboration in the fields of telecommunications, tourism, energy and transportation.

The two sides shared the view that apart from historical and cultural similarities, both Vietnam and Myanmar are members of the Association of Southeast Asian Nations (ASEAN) and important sub-regional mechanisms. Lying in Asia-Pacific, they hold strengths in agriculture, energy, mining and tourism, among others.

The two sides proposed several initiatives, including establishing an annual dialogue mechanism between Myanmar high-ranking leaders and Vietnamese enterprises, as well as between the two foreign ministries’ units to share professional experience and discuss ways to bolster bilateral ties.

Regarding regional and global issues of mutual concern, Mr. Soe Han said the regional and global situation is developing complicatedly with uncertainties as world powers are competing for influence in Asia-Pacific.

He suggested that ASEAN should enhance solidarity and step up the building of the ASEAN Community, affirming its position and central role in the regional architecture./.

By Kim Anh