Vietnamese products are displayed in Myanmar

Representatives of businesses in HCM City gathered at a seminar on May 8 to learn about the Myanmar market, which is emerging as one of top investment destinations in the region.

Dam Trung Bac, Honorary Consul General of Myanmar in HCM City said Vietnamese businesses could invest in potential fields such as building industrial parks, aquaculture, and growing forests and rubber plantations in Myanmar .

He added that Myanmar also has a great demand for developing electricity, telecommunications, automobile repair and consumer products, with production accounting for less than 20 percent of domestic consumption.

However, participating experts recommended investors to pay attention to Myanmar ’s investment and trading policies, including its administrative and investment procedures, which are inherently cumbersome and time-consuming.

Additionally, trading firms also need to choose strategic products for exports, helping them successfully compete with rivals from China and Thailand./.