Myanmar president calls for greater Vietnamese investment

HANOI: Myanmar president Min Aung Hlaing has affirmed his commitment to facilitate Vietnamese investment projects in Myanmar, while giving high priority to promoting trade and investment ties between the two countries.

Speaking at the Vietnam-Myanmar Business Forum in Hanoi on Sunday, the leader said diplomatic relations between the two countries were officially established on May 28, 1975.

Cooperation now extends beyond political and diplomatic spheres to a wide range of areas, including security, defence, economy, trade and investment.

Economic and trade cooperation reflected significant potential for the future development of the two countries.

Vietnam is currently one of Myanmar’s important trading partners, with bilateral trade exceeding US$510mil in 2025 and 2026. Vietnam is also a major investor in Myanmar, with total registered capital of over US$2.53bil across more than 30 active projects.

President Min Aung Hlaing said that Myanmar called for Vietnam’s cooperation in digital infrastructure development, cybersecurity, digital transformation, public services, information technology, and digital payment systems, as well as in fostering an innovation-driven business environment.

At the same time, Myanmar invited Vietnamese investors to participate in the manufacturing of technology equipment at high-tech zones, he said.

Speaking at the forum, Vietnamese Deputy Prime Minister Nguyen Van Thang spoke favourably of the contributions made by the business communities of both countries, particularly by Vietnamese enterprises that have chosen Myanmar as a destination for long-term investment and business operations.

Thang said the two sides should further strengthen the connectivity between their economies, establish a stable and transparent legal framework and a conducive environment to bolster domestic capacity and build independent, self-reliant economies in each country, and enhance the sharing of experience to further improve the investment and business environment.

“Vietnam stands ready to share its experience in ensuring economic security and promoting sustainable growth, particularly in macroeconomic and financial stability policies and the development of the sharing economy,” the Deputy PM said.

He added that the two sides should make effective use of existing cooperation mechanisms, including the Joint Committee on Bilateral Cooperation and the Subcommittee on Trade.

Vietnamese and Myanmar investors should uphold the principles of cooperation, seeking not only business opportunities but also becoming trusted, long-term partners, he added.

They should also strengthen their social responsibility by creating jobs and stable incomes for local people, helping protect the environment and supporting social welfare policies.

The Deputy PM encouraged Vietnamese businesses to further expand investment in areas where Myanmar has great demand, including telecommunications, digital transformation, agriculture, education and training.

He expressed hope that the government and relevant agencies of Myanmar would continue to provide a favourable, stable and predictable investment and business environment, while helping resolve difficulties facing Vietnamese businesses. — Viet Nam News/ANN