Sixty Vietnamese company representatives to arrive in Burma on Sunday, says
the Union of Myanmar Federation of Chambers of Commerce and Industry
(UMFCCI).UMFCCI joint secretary (1) Dr. Maung Maung Lay told Mizzima that Burma has something to learn from Vietnam, which has been a member of the World Trade Organization (WTO) since 2007.He said Vietnam officials have made quick and effective reforms, “and they are ahead of us in this regard.” “We have just started reform work, and we lag behind them. We have much to learn from them,” he said.The Vietnam News
website said the trade delegation will be led by Vietnam Communist
Party Secretary Le Thang Hai. Economist Pham Tat Thang told the website
that Vietnam exports textiles, machinery, construction material,
chemical fertilizers, foodstuff and forest products.Burma and
Vietnam bilateral investments are expected to increase from US$ 150
million in 2010 to US$ 500 million in 2015 in agriculture, livestock,
constructions and gas explorations.
Vietnam has made a shift from a highly centralized planned economy to a socialist-oriented market economy which uses both directive and indicative planning. Over that period, the economy has experienced rapid growth. Vietnam is integrating into the world's economy, as a part of globalization and has been rising as a leading agricultural exporter and an attractive foreign investment destination in Southeast Asia.
In 2011, the nominal GDP reached $121.6 billion, with nominal GDP per capita of US$ 1,328.
Vietnam has made a shift from a highly centralized planned economy to a socialist-oriented market economy which uses both directive and indicative planning. Over that period, the economy has experienced rapid growth. Vietnam is integrating into the world's economy, as a part of globalization and has been rising as a leading agricultural exporter and an attractive foreign investment destination in Southeast Asia.
In 2011, the nominal GDP reached $121.6 billion, with nominal GDP per capita of US$ 1,328.
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