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This is the first official visit to Vietnam by Aung San Suu Kyi, who is also
Myanmar’s Minister for Foreign Affairs and Minister of the President’s Office,
aiming to strengthen bilateral ties and tighten the Vietnam-Myanmar partnership.
Her visit takes place in a context of increased political trust and cooperation
between the two nations.
Vietnam and Myanmar set up diplomatic ties on May 28, 1975.
The two countries elevated their ties to a comprehensive cooperative partnership
during a State visit to Myanmar by General Secretary of the Communist Party of
Vietnam Nguyen Phu Trong in August 2017.
They have supported each other at sub-regional, regional and international
forums such as the United Nations, ASEAN, Cambodia-Laos-Myanmar-Vietnam
cooperation, Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS)
and the Greater Mekong Sub-region.
Economic, trade and investment ties have been maintained in agriculture,
fisheries, finance-banking, aviation, telecommunications, oil and gas
exploration and exploitation, mining, power device production and automobile
manufacturing and assembly.
Bilateral trade hit 828.3 million USD in 2017, up 51 percent from 2016. Vietnam
is the 7th biggest foreign investor in Myanmar with 70 projects worth nearly 2
billion USD.
During the visit to Myanmar by Party General Secretary Nguyen Phu Trong in
August 2017, the Vietnamese Ministry of Industry and Trade and Myanmar’s
Ministry of Commerce signed a memorandum of understanding on trade cooperation.
The two countries have regularly held meetings of the joint committee on
bilateral cooperation and the joint sub-committee on trade. Trade fairs have
also been held in each country to introduce products and attract investors.
In addition, bilateral security and defence relations have been tightened. Based
on a defence cooperation agreement signed in 2011, the two armies have sped up
all-level delegation exchanges and boosted cooperation in border management, and
illegal migration and smuggling prevention.
Source: VNA
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