Myanmar creates favorable investment environment for VNese enterprises

The Investment & Trade Promotion Centre of Ho Chi Minh City (ITPC) organized an exchange meeting to enterprises about Myanmar market and opportunities for Vietnamese goods and introduced the 2016 Ho Chi Minh City Expo at Yangon on April 1- 4 as well as market survey in Yangon and Mandalay cities from March 31 to April 5.

Illustrative photo: SGGP

According to ITPC, Vietnamese enterprises  will have more opportunities to introduce their products to Myanmar market. There are many potential items such as construction materials, electronics, agricultural goods, beverages... Many Vietnamese goods have currently achieved big success in Myanmar market. 

Statistics showed that more Vietnamese brand names (photo) have entered into Myanmar market.

In 2015, Vietnam’s export turnover in Myanmar market reached at US$ 378, 5 million.

However, Vietnamese enterprises have faced difficulties in payment progress through the third banks.

Besides, enterprises need to catch clearly tax and custom policies in order to take advantage of great opportunities to enhance their business.

By Hai Ha- Translated by Huyen Huong

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