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SITUATION OF ECONOMIC-COMMERCIAL VIETNAM-MYANMAR COOPERATION IN TOUISM INDUSTRY PDF Print E-mail
Tuesday, 13 December 2011 15:23

Investment promotion, trade and tourism of the Vietnamese enterprises in Myanmar

1.1     Investment promotion

a.            The investment promotion has been implemented fully in all fields in the spirit of Joint declaration by the Governments of the two countries 

In the spirit of Joint declaration, the investment promotion is implemented in all fields especially 12 preferential fields for investment: banking, telecommunication, aviation, real estate, building materials, industrial crop planting, pharmaceutical product…. with the implementation heads that are the leading Groups/enterprises with prestige, financial potential in Vietnam preside over the implementation in  Myanmar (BIDV, Viettel, VNPT, Vietnam Airlines Corporation, Rubber Group, Vinacomin, Hoang Anh Gia Lai Group, Hoa Sen, ASV Holdings…);

b.            AVIM/BIDV plays an postive role in the investment promotion

-    BIDV opened the Representative office in Yangon in early April 2010 to study and establish the bank in Myanmar when it is permitted by the law of Myanmar, at the same time the Representative office also plays the role as a contact office of AVIM, support the investment promotion activities of the Vietnamese enterprises in Myanmar.

-    AVIM coordinated with the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) in holding the Investment promotion conferences; The most noticeably, AVIM/BIDV coordinated with the Ministry of Foreign Affairs, Ministry of Planning and Investment of Vietnam in successfully holding the investment promotion workshop in Myanmar in January and April 2010, coordinated with Vietnam National Administration of Tourism in preparing, holding successfully Vietnam – Myanmar Tourism Promotion Workshop on 11/6/2010 in Yangon.

-    BIDV is a pioneer among the banks of Vietnam in opening up Vietnam – Myanmar payment channel to contribute to promoting the turnover between the two countries.

-    Combined with the Embassy, Commercial Department to organize the logistics, participate in and support for the working sessions of the Vietnamese enterprise Delegations (Hanoi, Ho Chi Minh City, An Giang…) at the trading sessions with Myanmar enterprises.

-    AVIM has provided the positive support to tens of enterprise delegations going for survey and investment promotion in Myanmar, directly introduce the appropriate trading partners and orders.

Establish the good relationships with the governing Ministries (Ministry of Finance and Treasury; Central Bank) and UMFCCI and introduce the Vietnamese enterprises to the Ministries and branches and UMFCCI so that the Friendly side introduces the appropriate partners at request of the enterprises.

1.2   Commercial activities

   Commercial activities have impressive growth in recent years:

-    Before the year of 2010: Exchange of trade between two countries is at low level with the growth rate reached 14.5% per year from 2001 to 2008. In 2007, two-way trade turnover reached over 97 million USD, in 2008 reached over 108 million USD. In 2009, it decreased to 93 million USD. Vietnam's exports to Myanmar were modest.

-    According to the figures of Myanmar Customs Department, in 2010 two-way trade turnover of goods between Vietnam and Myanmar reached 98. 972. 370 USD, up 40.9% compared to the year of 2009 (Vietnam’s goods export reached 38. 081. 246 USD, up 61.4% and goods imports reached 60. 891. 124 USD, up 30.5% over 2009).

-    According to the figures of General Department of Vietnam Customs, in 2010 two-way trade turnover of goods between Vietnam and Myanmar reached 152,343 USD, up 53,9% compared to the year of 2009 (Vietnam’s goods export reached 49,520 USD, up 45,6% and goods  imports reached 102,823 USD, up 58,2% over 2009).

-    According to the figures of Myanmar Customs Department, in the first nine months of 2011, two-way trade turnover of goods between Vietnam and Myanmar is estimated at 115 million USD, up 41.8% over the same period in 2010 (Vietnam’s goods export is estimated at 60 million USD, up 135.8% and goods imports reached 55 million USD, down 1.2% over the same period in 2010). In the first nine months of 2011, Vietnam ranked 13th  as the exporter of goods to Myanmar; following countries and territories such as: Singapore, China, Thailand, Korea, Indonesia, Japan, Malaysia, USA, India, Germany, Switzerland, Australia

-    The main goods that Vietnam exports to Myanmar are: steels of all kinds, garment raw materials, chemical fertilizers, medicines, medical equipments, electronic equipments, raw materials of other industries, construction materials, tires of all kinds, plastic sheeting and plastic materials, machinery and spare parts, motorcycles, cosmetics, chemicals, raw materials for food industry, computer and computer components, sanitary equipments, pesticides, batteries, stationery, kitchen utensils, food processing, automotive, mosquito nets, transformers, furniture, raw materials for tobacco production, ....

-    Estimate that export turnover of some key goods of Vietnam to Myanmar in the first nine months of 2011is about 60 million USD. (*).

-    In the first nine months of 2011, Vietnam ranked 11st as the importer of goods from Myanmar ranked 11th; following countries and territories: Thailand, India, Hongkong, Singapore, China, Japan, Korea, Ivory Coast, Malaysia, Bangladesh.

-    The main goods that Vietnam imports from Myanmar are: Agricultural products (green beans, black beans, yellow corn, beans of all kinds, sesame seeds, ...) Seafood (lobster, molluse of all kinds, dried fish, frozen fish, live crabs, ...); timber and forest products (circular timber of all kinds, circular teak timber, rubber timber,  split timber of all kinds, ...) Rubber materials; Sewing; small wire ; Beef skin; jute cord used to good package, Exhibition Goods;.

-    Estimate that import turnover of some key goods of Vietnam from Myanmar in the first nine months of 2011 is approximately 55 million USD. (**).

(*), (**) According to the report of the Vietnam Embassy’s Commercial Counselor supplying based on the data sources of the Customs Department of the two countries.

1.3   -  Tourism and services activities

-    The opening of the direct flights from Hanoi and Ho Chi Minh City to Yangon with a frequency of 05 flights per week from Hanoi and 02 flights per week from Ho Chi Minh City was shortened the time when flying to Myanmar and promote trade and tourism. Estimate that after the visit of the Prime Minister in April 2010 and the opening the direct route of Vietnam Airlines, the amount of tourists to Myanmar has increased 2-3 times higher than before.

-    A variety of Vietnam travel companies has cooperated with Myanmar travel companies to exploit travel tours of the two countries. The travel routes from Vietnam to Myanmar are quite attractive, especially the "spiritual tourism" to Buddha's land which is very appealing to Vietnamese tourists.

-    Services: Sen Viet Restaurant (Vietnamese lotus Restaurant) which was leased premises by Citicom is the first Vietnamese restaurant in Myanmar with the initial investment capital of about 100. 000 USD. The restaurant officially opened and came into operation on December 12th 2010.

2.                  Some features about Economic - Commerce - Industry co-operation in the year 2010 and the first nine months of 2011

In the year 2010

In 2011, the plan of Economic - Commerce - Industry co-operation between the two countries Vietnam and Myanmar have been and will be deployed on the following areas:.

-  In January 2011, from 20th to 31st, Myanmar trade fair was took place in the framework of  2011 Spring Fair at Giang Vo Exhibition Center in Hanoi city, in which includes 32 booths of Myanmar businesses.

 - Some Vietnam corporations, heads of company, companies are implementing investment plans, commercial and tourism development in Myanmar market.

According to the figures of General Department of Vietnam Customs, in 2010 two-way trade turnover of goods between Vietnam and Myanmar reached 98.972.370 USD, up 40.9% compared to the year of 2009 (Vietnam’s good export reached 38. 081. 246 USD, up 61.4% and good import reached 60.891.124 USD, up 30.5% over 2009).

According to the figures of General Department of Vietnam Customs, in 2010 two-way trade turnover of goods between Vietnam and Myanmar reached 152.343 million USD, up 53.9% compared to the year 2009 (Vietnam’s good export reached 49.520 million USD, up 45.6% and good import reached 102.823 million USD, up 58.2% over 2009).

In the year 2010, Vietnam ranks 12th as the exporter of goods to Myanmar; following countries and regions: China, Singapore, Thailand, Korea, Japan, Indonesia, India, Malaysia, Australia, Taiwan, and Saudi Arabia.

The main goods that Vietnam exports to Myanmar are: Steels of all kinds, garment raw materials, medicines, medical equipments, tires of all kinds, construction materials, chemical fertilizers, batteries, , raw - materials of other industries,  electronic and electronics equipments, raw materials of other industries, machinery parts, automobile, chemicals, kitchen utensils, cosmetics, plastics products, pesticides, stationery, raw materials for food industry, food processing, automotive, plastic sheeting, veterinary medicine, furniture equipments, office machines, mining drilling equipment, clothing, mosquito nets, materials for soap production, doors made of plastic, household, glass products,  roberval balance

In the first nine months of 2011:

According to the figures of Myanmar Customs Department, in the first nine months of 2011 two-way trade turnover of goods between Vietnam and Myanmar is estimated at 115 million USD, up 41.8% over the same period in the year 2010 (Vietnam’s good export is estimated at 60 million USD, up 135.8% and good import reached 55 million USD, down 1.2% over the same period in 2010).

In the first nine months of 2011, Vietnam ranks 13th as exporter of goods to Myanmar; following countries and territories: Singapore, China, Thailand, Korea, Indonesia, Japan, Malaysia, USA, India, Germany, Switzerland, Australia.

The main goods that Vietnam exports to Myanmar are: Steels of all kinds, garment raw materials, chemical fertilizers, medicines and medical equipments, electronic equipments, raw - materials of other industries, construction materials, tires of all types, plastic sheeting and plastic materials, machinery and spare parts, motorcycles, cosmetics, chemicals, raw materials for food industry, computers and computer components, sanitary equipment, pesticides, batteries, stationery, kitchen utensils, food processing, automotive, mosquito nets, transformers, wood furniture, materials for tobacco production ....

Estimate the export turnover of some Vietnamese main goods to Myanmar in September and in the first nine months of 2011

Calculation unit: USD

Goods

Estimate in September, 2011

 

Estimate in the first nine months of 2011

Notes

Steels of all kinds

1.500.000

18.000.000

 

Garment raw materials

1.000.000

9.000.000

 

Chemical fertilizers

400.000

3.800.000

 

Medicines and medical equipments

 

400.000

 

3.400.000

 

Electronic equipments

200.000

2.700.000

 

Raw - materials of other industries

 

400.000

 

2.500.000

 

Construction materials

400.000

2.500.000

 

Tires of all types

200.000

2.200.000

 

Plastic sheeting and plastic materials

 

200.000

 

1.700.000

 

Machinery and spare parts

200.000

1.500.000

 

Motorcycles

200.000

1.000.000

 

Cosmetics

300.000

700.000

 

Chemicals

200.000

600.000

 

Raw materials for food industry

 

50.000

 

400.000

 

Computers and computer components

 

50.000

 

300.000

 

Sanitary equipments

300.000

300.000

 

Pesticides

100.000

300.000

 

Batteries

50.000

250.000

 

Stationery

50.000

250.000

 

Kitchen utensils

50.000

250.000

 

Food processing

50.000

250.000

 

Automotive

50.000

200.000

 

Mosquito nets

50.000

200.000

 

Transformers

20.000

150.000

 

Wood furniture

50.000

150.000

 

Materials for tobacco production 

 

20.000

 

120.000

 

Total export turnover

 

 

 

Estimate according to the figures of Myanmar Customs Department

 

7.000.000

 

60.000.000

 

 

Estimate according to the figures of General Department of Vietnam Customs

 

 

7.000.000

 

 

60.000.000

 

In the first nine months of 2011, Vietnam ranks 11st as the importer of goods from Myanmar; following countries and territories: Thailand, India, Hongkong, Singapore, China, Japan, Korea, Ivory Coast, Malaysia, and Bangladesh.

The main goods that Vietnam imports from Myanmar are Agricultural products (green beans, black beans, yellow corn, beans, of all kinds, sesame seeds, ...) Seafood (lobster, molluse of all kinds, dried fish, frozen fish, live crabs, ...); timber and forest products (circular timber of all kinds, circular teak timber, rubber timber,  split timber of all kinds, ...) Rubber materials; Sewing; small wire ; Beef skin; jute cord used to good package, Exhibition Goods;.

Estimate the import turnover of some Vietnamese main goods from Myanmar in September and in the first nine months of 2011

Calculation unit: USD

Goods

Estimate in September, 2011

 

Estimate in the first nine months of 2011

Notes

Green beans

2.000.000

24.000.000

 

Black beans

1.000.000

10.000.000

 

Circular timber of all kinds

1.000.000

8.000.000

 

Yellow corn

500.000

4.500.000

 

Lobster

200.000

1.400.000

 

Rubber materials

200.000

1.200.000

 

Beans of all kinds

200.000

1.200.000

 

Sewing

200.000

1.200.000

 

Small wire

200.000

1.000.000

 

Beef skin

100.000

700.000

 

Molluse of all kinds

100.000

300.000

 

Sesame seeds

50.000

250.000

 

Dried fish

50.000

200.000

 

Turmeric

200.000

200.000

 

Frozen fish

50.000

150.000

 

Live crabs

100.000

100.000

 

Jute cord used to good package

20.000

 

20.000

 

 

Exhibition Goods

20.000

60.000

 

Total import turnover

 

 

 

Estimate according to the figures of Myanmar Customs Department

 

6.500.000

 

55.000.000

 

 

Estimate according to the figures of General Department of Vietnam Customs

 

 

6.500.000

 

 

55.000.000

 

 

 

Last Updated ( Monday, 16 April 2012 07:59 )
 
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