Two major cities
of Myanmar and Vietnam -- Yangon and Ho Chi Minh, will establish sister-city
relationship soon to boost bilateral trade and tourism between the two
countries, local media quoted the Vietnamese embassy as saying Thursday.
Mayors from the two cities will sign an agreement for the establishment
on March 12 in Yangon, said the Biweekly Eleven News.
The Ho Chi Minh City Mayor, leading a Vietnamese delegation including
businessmen, will visit Yangon on March 11-15 for the signing.
There will also be a business meeting on investment opportunities and a
photo show.
Yangon and Ho Chi Minh have established air links in November 2010 as
the second air route connecting Myanmar and Vietnam with the Vietnam Airlines
flying between the two cities thrice a week by Airbus A320 in addition to
Yangon-Hanoi's.
Myanmar-Vietnam bilateral trade amounted to 121.8 million U.S dollars
in the first three quarters of 2011, an increase of 6.2 percent compared with
the same period of 2010.
Vietnam mainly imports from Myanmar its forestry products, marine
products, vegetables and rubber while exporting to Myanmar iron products,
machines and spare parts, plastic, textile and clothing.
Vietnam's investment in Myanmar hit 23.649 million USD as of November,
2011 since Myanmar opened to foreign investment in late 1988, according to
official statistics.
Xinhua
Luo Yuan
Business & Investment Opportunities
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