Myanmar and Vietnam will cooperate in breeding
fishes in Myanmar's cold regions starting this year, sources with the Fishery Department said
on Friday.
Under a memorandum of understanding reached between the Myanmar department and its Vietnamese counterpart in December last year, the breeding of Vietnamese fish species will be undertaken in such cold regions as Myitkyina, Kanpaikthi, Kutkai, Loilem and Linkay in northern and northeastern parts of Myanmar.
Before the move, invited by the Central Vietnam Fisheries Society, over a dozen Myanmar fishery officers visited the country 's model of aquaculture for technology exchange for one month in November last year.
According to official statistics, Vietnam's investment in Myanmar hit 23.4 million U.S.
dollars in nearly 21 years up to the end of September last year since the country opened to
such investment in late 1988.
Vietnam stands the 16th among Myanmar's exporting countries. Myanmar mainly exported its forestry products to Vietnam, followed by agricultural produces, seafood and electrical spare parts, while it imported from Vietnam steel, electronic goods,pharmaceuticals, medicines, industrial products, chemical products, computer and accessories, plastic, cosmetics and engine oil.
According to the Vietnamese figures, Myanmar-Vietnam bilateral trade hit 60 million U.S.
dollars in the first nine months of 2009.
Of the total bilateral trade volume during the period, Vietnam's export to Myanmar amounted to 18 million dollars, while its import from Myanmar stood 42 million dollars,suffering a trade deficit of 24 million dollars.
In 2008, Myanmar-Vietnam bilateral trade totaled 108.2 million dollars, up 11.27 percent
compared with 2007, Of them, Myanmar's export to Vietnam took 75.6 million dollars while its import from Vietnam represented 32.6 million dollars.