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Made-in-Vietnam Goods Favoured in Myanmar
Release time:2013-05-22 Source:admin Reads:
Vietnamese goods of different kinds are now on sale in many markets and supermarkets in Myanmar. 　　Vietnamese Trade Counselor to Myanmar Tran Phuoc Anh said that local consumers are looking for Vietnamese products which are better in quality and cheaper in price than those imported from China and Thailand. Today, products like fabric labels and garments are sold well in overseas market. Those who are weaker in light industry will import goods from developing countries such as Vietnam, which has been seen as a potential manufacturing base providing labor-intensive products. 　　With a total population of around 60 million, Myanmar imports a huge volume of goods (about 70 percent) for domestic consumption, and this is a good chance for Vietnamese exporters to save transport costs, he said. 　　Many Vietnamese businesses have already set up their representative offices and opened a number of retail shops in Myanmar, Anh added. Take fabric labels for example. Fabric labels are commonly used for garments and in great demand in domestic and foreign market. Opening retail shops of fabric labels can attract a great many customers to place order, which is also a good idea to gain as many profits as possible. 　　The national flag carrier Vietnam Airlines has increased the number of its flights from HCM City and Hanoi to Yangon to meet the growing demand of Vietnamese passengers to Myanmar. However, he suggested, Vietnamese businesses should carefully study market trends in Myanmar to develop suitable strategies. 　　According to Anh, last year Myanmar exported over 1.2 million tonnes of rice in 2012, and is expected to ship 5 million tonnes abroad by 2020. This will open up a good opportunity for Vietnamese businesses to export fertilizers and strains to Myanmar’s rice growers. 　　He also proposed that besides garments and textile industry like fabric labels, Vietnamese investors focus on other potential areas such as tourism, food processing, consumer goods, and construction materials production.

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