Why the US’s Burma embargo has failed by mattsteinglass
February 26, 2009, 9:18 pm
Filed under: Uncategorized

Today’s Burma news in Vietnam:

Vietnam and Myanmar to expand trade ties

Feb 26, 2009, 7:50 GMT

   Hanoi – Officials and executives at a Vietnam-Myanmar trade fair have signed several deals to boost trade between the two countries, Vietnamese media reported Thursday.

   Vietnam government representatives signed a memorandum of understanding Wednesday to import more than 5 million dollars of wood from Myanmar by 2010 at the Vietnam-Myanmar Joint Conference on Trade Exchanges in Ho Chi Minh City.

   At the conference, which attracted more than 50 entrepreneurs from the two countries, the Vietnamese importing company DIC said it had signed an agreement to buy 14,000 cubic metres of the tropical hardwood pyinkado from Myanmar.

   ‘This wood is not listed on the embargo lists of the US and the European Union, so it presents no problem for us,’ said Nguyen Thanh The, director of DIC’s wood department….

   Trade between Myanmar and Vietnam reached 108.2 million dollars in 2008, up 10 per cent from 2007. Vietnamese companies, including the state-owned oil company PetroVietnam and state-owned telecommunications firm Viettel, have operations in Myanmar.

Time for a new strategy.


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