Increased Ties Between Vietnam and Myanmar

Talks in Vietnam on Cooperation Issues

Following talks in Nay Pyi Taw (Vietnam) last week between Hoang Trung Hai (Deputy PM to Vietnam) and Thia Thura Tin Aung Myint Oo (VP to Myanmar), an agreement was reached between the two countries to “increase cooperation” in areas such as agriculture, aviation, oil, automobile, finance and more. On the table for discussion was the countries eco-political status, bilateral relations and possible ways of “boosting cooperation” in the near future, especially vis-à-vis developments in economic trade vis-à-vis what has been the case in the past. Further, if Myanmar has better conditions, Hai said, there would be more Vietnamese firms working there.

Other Cooperation

Myanmar and Vietnam also saw the possibility of cooperation from other countries within the ASEAN and sub-regional framework like “cooperation between Cambodia, Laos, Myanmar and Vietnam (CLMV), the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS), the Greater Mekong Sub-region (GMS), East-West Economic Corridor (EWEC), the South Economic Corridor (SEC) as well as at international fora.”

Animal Husbandry Cooperation

A memorandum was then signed on cooperation of animal husbandry between the Myanmar Ministry of Livestock Breeding and Fisheries, and the Vietnam Ministry of Agriculture and Rural Development as well as a MoU on development cooperation between Myanmar’s Ministry of Finance and Revenue and the Vietnam Ministry of Finance.

Good Working Background

There is space for substantial optimism since Myanmar and Vietnamese leaders both recognized efforts and achievements that have been made in business over the last few years, especially this year with the implementation of the April high-level agreement, “creating favorable conditions for business and cooperation.” There is much work to be done still, but it looks like it’s a very positive environment in which to do this.