Vietnam aims to become major investor in Myanmar by 2015

By 2015, Vietnam aims to become one of Myanmar’s top five foreign investors, according to an announcement made Sunday by the Association of Vietnamese Investors in Myanmar (AVIM). Since opening to the global economy, 56 Vietnamese businesses have received government approval to operate in the country. AVIM has also organized investment studies and research trips for nearly 5,000 Vietnamese businesspeople. Moving forward, the association’s three main goals are to invest USD$1.5 billion in Myanmar’s economy, boost bilateral trade and encourage Vietnamese tourists to visit the country.