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Myanmar and Vietnam Agreed to Deepen Bilateral Trade and Investment

Vietnam Prime Minister Nguyen Xuan Phuc and Myanmar State Counselor Aung San Suu Kyi agreed to further deepen bilateral trade and investment on a win-win basis in order to achieve two-way trade valued at $ 1 billion or higher during her recent two-day visit to Vietnam on April 19, 2018.

In the conversation, both sides vowed to further boost political and diplomatic collaboration through all-level visits through the Party, Government, State and National Assembly channels and people-to-people exchange, accelerate the organization of the ninth VietnamMyanmar Joint Commission and quickly approve the Action Programme to realize the bilateral comprehensive strategic partnership for 2018-2023.

They exalted the success of cooperation in defence-security. They promised to increase collaboration into training, military medicine, search and rescue and athletic exchange. They agreed to hold the deputy ministerial-level defence policy dialogue in 2018 and pace up negotiations to sign the agreement on anti-crime and others such as the Agreement on Extradition and Agreement on the Transfer of Sentenced Persons.

They also discussed to implement cooperation in other important felds, including fnance, telecommunications, energy, agro-forestry-fisheries and people-to-people exchange. They welcomed the acceleration of coordination across transport, tourism, justice, education and culture and agreed to sign deals that lay the legal foundation for special fields. They promised to work closely together at forums such as ASEAN, the NonAligned Movement and the United Nations. They also agreed to jointly work to successfully build the ASEAN Community, which plays a central role in regional security architecture, and sustainably and effectively use Mekong River water resources, especially within the framework of the Greater Mekong Sub-region co-operation mechanisms. After the conversation, they witnessed the signing of a Memorandum of Understanding on cooperation in telecommunications and information technology, and another on information cooperation.